Gao Yuan of Lithium Americas (LAC) receives 10,368 DSUs in new equity award

Rhea-AI Filing Summary

GAO YUAN reported acquisition or exercise transactions in this Form 4 filing.

LITHIUM AMERICAS CORP. director Gao Yuan received a grant of 10,368 Deferred Share Units (DSUs), each representing one common share. This grant increased his directly held DSUs to 147,819. The DSUs will settle in common shares only after his service as a director ends, with no voting or dispositive rights before settlement.

Insights

Equity compensation analyst

Routine DSU grant increases director’s deferred stake without immediate market impact.

Director Gao Yuan received 10,368 Deferred Share Units as a compensation-related award, taking his total DSU holdings to 147,819. The transaction is coded as an acquisition grant, not an open‑market purchase or sale, and carries no cash exercise price.

Each DSU represents one future common share, but the shares will only be issued after his service as a director ends, as disclosed. Until settlement, he has no voting or dispositive rights over the underlying shares, which limits near‑term governance and trading effects.

Because this is a standard, non-cash equity award with no immediate trading and no derivative position remaining in this filing, it appears to be routine director compensation rather than a signal about the company’s valuation or prospects.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider GAO YUAN

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Share Units ("DSUs")	10,368	$0.00	--

Holdings After Transaction: Deferred Share Units ("DSUs") — 147,819 shares (Direct)

Footnotes (1)

1. [object Object]

Key Figures

DSUs granted: 10,368 units Holdings after grant: 147,819 DSUs Grant price: $0.00 per DSU +1 more

4 metrics

DSUs granted 10,368 units Grant of Deferred Share Units on July 6, 2026

Holdings after grant 147,819 DSUs Total Deferred Share Units following transaction

Grant price $0.00 per DSU Equity award, no cash exercise price

DSU to share ratio 1 DSU = 1 common share Each DSU represents one common share upon settlement

Key Terms

Deferred Share Units ("DSUs"), voting or dispositive rights, underlying common shares, termination date

4 terms

Deferred Share Units ("DSUs") financial

"security_title: Deferred Share Units ("DSUs")"

voting or dispositive rights financial

"the Reporting Person shall not have any voting or dispositive rights"

underlying common shares financial

"The underlying common shares will not be issued to the Reporting Person"

termination date financial

"following the Reporting Person's termination date"

Termination date is the specific calendar day when a contract, agreement, option or other legal arrangement stops being in effect and any remaining rights or obligations expire. For investors it matters because that date sets deadlines for exercising rights, receiving payments, closing positions or avoiding penalties—similar to the day a lease or warranty ends, after which parties no longer have the same protections or claims.

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Available on EDGAR 07/08/2026 - 12:13 PM Accepted by SEC EDGAR 07/08/2026 - 12:12 PM Learn about SEC filing dates

FAQ

What insider transaction did Gao Yuan report at LAC on this Form 4?

Gao Yuan reported receiving 10,368 Deferred Share Units as an equity award. These units increased his total DSU holdings to 147,819 and represent routine, non-cash director compensation rather than an open-market stock purchase or sale.

How many Deferred Share Units does Gao Yuan now hold in Lithium Americas (LAC)?

After the reported grant, Gao Yuan holds 147,819 Deferred Share Units. Each DSU represents the right to receive one common share in the future, settling only after his service as a director ends under the plan’s terms.

Do Gao Yuan’s DSUs currently carry voting rights in Lithium Americas (LAC)?

The DSUs do not currently carry voting or dispositive rights. The filing specifies that underlying common shares, and related rights, are only issued after Gao Yuan’s termination of employment or director services, so no shareholder voting power arises before settlement.

When will Gao Yuan’s Deferred Share Units in LAC be settled into common shares?

The DSUs settle into common shares after Gao Yuan’s termination as a director. For U.S. participants, settlement occurs six months after termination; for non-U.S. participants, on the 20th business day following termination, with no further action required from him.

Is Gao Yuan’s Form 4 transaction in LAC an open-market stock purchase or sale?

The reported transaction is not an open-market trade. It is coded as a grant or award of 10,368 DSUs at a price of zero, reflecting equity-based compensation rather than Gao Yuan buying or selling Lithium Americas common shares in the market.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

GAO YUAN

(Last) (First) (Middle)

C/O LITHIUM AMERICAS CORP.

522 S. ROCK BLVD., SUITE 200

(Street)

RENO NEVADA 89502

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
LITHIUM AMERICAS CORP. [ LAC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/06/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Deferred Share Units ("DSUs")	(1)	07/06/2026		A		10,368		(1)	(1)	Common Shares	10,368	$0	147,819	D

Explanation of Responses:

1. Each DSU represents the right to receive one common share of the Issuer. The underlying common shares will not be issued to the Reporting Person, and the Reporting Person shall not have any voting or dispositive rights with respect to the underlying common shares, until termination of the Reporting Person's employment or services as a director of the Issuer. Grants to U.S. eligible participants will be settled with no further action by the Reporting Person on the date that is 6 months following the Reporting Person's termination date. Grants to non-U.S. eligible participants will be settled with no further action by the Reporting Person on the 20th business day following the Reporting Person's termination date.

	/s/ Tereza Fonda as attorney-in-fact for Yuan Gao	07/07/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)