Lithium Americas (NYSE: LAC) EVP uses 42,040 shares to cover tax liability

Rhea-AI Filing Summary

Lithium Americas Corp. director and executive officer Kelvin Paul Michael Dushnisky used 42,040 Common Shares to satisfy tax obligations on April 10, 2026, via a tax-withholding disposition at $4.17 per share. After this non‑market transaction, he directly holds 210,504 Common Shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider DUSHNISKY KELVIN PAUL MICHAEL

Role EVP, Capital Projects

Type	Security	Shares	Price	Value
Tax Withholding	Common Shares	42,040	$4.17	$175K

Holdings After Transaction: Common Shares — 210,504 shares (Direct)

Footnotes (1)

Key Figures

Tax-withholding shares: 42,040 shares Disposition price: $4.17 per share Shares held after transaction: 210,504 shares

3 metrics

Tax-withholding shares 42,040 shares Common Shares delivered for tax liability on April 10, 2026

Disposition price $4.17 per share Value used for tax-withholding disposition of Common Shares

Shares held after transaction 210,504 shares Direct Common Share holdings after tax-withholding disposition

Key Terms

tax-withholding disposition, Payment of exercise price or tax liability by delivering securities, Common Shares, Form 4

4 terms

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Payment of exercise price or tax liability by delivering securities financial

""transaction_code_description": "Payment of exercise price or tax liability by delivering securities""

Common Shares financial

""security_title": "Common Shares""

Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

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^*

DUSHNISKY KELVIN PAUL MICHAEL

(Last) (First) (Middle)

C/O LITHIUM AMERICAS CORP.

5310 KIETZKE LANE, SUITE 200

(Street)

RENO NEVADA 89511

(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
X	Officer (give title below)		Other (specify below)
	EVP, Capital Projects

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/10/2026

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
Common Shares	04/10/2026		F		42,040	D	$4.17	210,504	D

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

Explanation of Responses:

	/s/ Tereza Fonda as attorney-in-fact for Kelvin Dushnisky	04/14/2026
	** 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)

FAQ

What did the Lithium Americas (LAC) insider transaction on April 10, 2026 involve?

Kelvin Paul Michael Dushnisky used 42,040 Lithium Americas Common Shares to cover tax obligations. The shares were valued at $4.17 each and were delivered as a tax-withholding disposition rather than sold in the open market.

Who is Kelvin Paul Michael Dushnisky in relation to Lithium Americas (LAC)?

Kelvin Paul Michael Dushnisky is a director and serves as EVP, Capital Projects at Lithium Americas. His Form 4 filing reports a tax-withholding share disposition, reflecting compensation-related activity rather than a discretionary market trade in the company’s stock.

How many Lithium Americas (LAC) shares were used for taxes in this Form 4?

The Form 4 shows 42,040 Common Shares of Lithium Americas were disposed of to pay tax liabilities. The transaction price was $4.17 per share, and it is classified as a tax-withholding disposition, not an open-market sale of shares.

How many Lithium Americas (LAC) shares does the insider hold after the transaction?

Following the tax-withholding disposition, Kelvin Paul Michael Dushnisky directly holds 210,504 Lithium Americas Common Shares. This figure reflects his remaining ownership after using 42,040 shares to satisfy tax obligations tied to his equity compensation.

Was the Lithium Americas (LAC) insider transaction a buy or a sell?

The transaction is categorized as a disposition for tax withholding, not a traditional market sale or purchase. Shares were delivered to cover tax liabilities, so it does not represent an open-market buy or sell decision by the insider.

What does transaction code "F" mean in the Lithium Americas (LAC) Form 4?

Code “F” indicates payment of an exercise price or tax liability by delivering securities. In this case, 42,040 Lithium Americas Common Shares were used to satisfy tax obligations, classifying the move as a tax-withholding disposition instead of an ordinary sale of stock.