[Form 4] Lithium Americas Corp. Insider Trading Activity

Q: What is the contingent coupon rate on UBS (WUCT) Trigger Callable Notes?

The notes pay a 9.20 % annual coupon, accrued monthly, only when all three indices close at or above 70 % of their initial levels.

Q: How much principal protection do the UBS notes offer?

Principal is protected only if, at maturity, every index is ≥ 60 % of its initial level; otherwise investors absorb the full negative return of the worst index.

Q: What is the estimated initial value versus the $1,000 issue price?

UBS estimates fair value between $948.50 and $978.50 , reflecting dealer compensation, hedging and funding costs.

Q: Are the notes tradeable on an exchange?

No. The securities will not be listed ; secondary liquidity relies on discretionary dealer markets and may be limited.

Q: Which indices determine performance of the least-performing asset?

The Nasdaq-100 (NDX), Russell 2000 (RTY) and S&P 500 (SPX). The note’s payoff depends on the worst performer among them.

Filing Impact

(Low)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

UBS AG is marketing Trigger Callable Contingent Yield Notes maturing in July 2027 that are linked to the least-performing of the Nasdaq-100, Russell 2000 and S&P 500 indices.

Key economics

Issue price: $1,000 per note; minimum proceeds to UBS at least $990.50 after a variable underwriting discount of up to $9.50.
Contingent coupon: 9.20% p.a. (monthly accrual of $7.6667) paid only if the closing level of each index is ≥ 70 % of its initial level on the relevant monthly observation date.
Issuer call: UBS may redeem the notes in whole on any monthly observation date beginning January 2026; holders receive par plus any due coupon.
Downside threshold: 60 % of each index’s initial level. If any index finishes below its threshold at final valuation and the notes have not been called, repayment equals par multiplied by 1 + index return of the worst-performing index, exposing investors to up to a 100 % loss.
Estimated initial value: $948.50–$978.50, below the issue price because of dealer compensation, hedging and funding costs.

Risk highlights

Principal loss if any index declines > 40 % from its initial level at maturity.
Coupon uncertainty: no payment for any month in which one index is < 70 % of its initial level.
Issuer call & reinvestment risk: UBS is likely to call when the notes are advantageous for investors, capping total return.
Credit exposure: all payments depend on UBS AG’s ability to meet its obligations; the notes are unsecured and unsubordinated.
Liquidity: not listed; secondary market making is discretionary and may be at significant discounts.

Timeline: trade 14 Jul 2025, settle 17 Jul 2025 (T+3), monthly observations through final valuation 14 Jul 2027; maturity 19 Jul 2027.

Investor profile: suited only for investors who (1) can tolerate loss of principal, (2) are comfortable with complex structured products linked to equity indices, (3) understand the contingent nature of coupons, and (4) accept UBS credit risk.

UBS AG propone Note a Rendimento Contingente Callable con Trigger con scadenza a luglio 2027, collegate all'indice peggiore tra Nasdaq-100, Russell 2000 e S&P 500.

Principali caratteristiche economiche

Prezzo di emissione: $1.000 per nota; ricavi minimi per UBS almeno $990,50 dopo uno sconto variabile di sottoscrizione fino a $9,50.
Coupon contingente: 9,20% annuo (accumulo mensile di $7,6667), pagato solo se il livello di chiusura di ogni indice è ≥ 70% del livello iniziale nella data di osservazione mensile.
Richiamo da parte dell’emittente: UBS può rimborsare integralmente le note in qualsiasi data di osservazione mensile a partire da gennaio 2026; i detentori ricevono il valore nominale più eventuali coupon dovuti.
Soglia di ribasso: 60% del livello iniziale di ciascun indice. Se un indice termina sotto questa soglia alla valutazione finale e le note non sono state richiamate, il rimborso sarà pari al nominale moltiplicato per 1 + il rendimento dell’indice peggiore, esponendo gli investitori a una perdita fino al 100%.
Valore iniziale stimato: $948,50–$978,50, inferiore al prezzo di emissione a causa di compensi per i dealer, costi di copertura e di finanziamento.

Rischi principali

Perdita del capitale se un indice scende oltre il 40% dal livello iniziale alla scadenza.
Incertezza sul coupon: nessun pagamento mensile se anche un solo indice è sotto il 70% del livello iniziale.
Rischio di richiamo e reinvestimento: UBS probabilmente richiamerà quando le note risultano vantaggiose per gli investitori, limitando il rendimento totale.
Rischio di credito: tutti i pagamenti dipendono dalla capacità di UBS AG di adempiere agli obblighi; le note sono non garantite e non subordinate.
Liquidità: non quotate in borsa; il mercato secondario è discrezionale e può presentare sconti significativi.

Tempistiche: negoziazione dal 14 luglio 2025, regolamento 17 luglio 2025 (T+3), osservazioni mensili fino alla valutazione finale del 14 luglio 2027; scadenza 19 luglio 2027.

Profilo dell’investitore: adatto solo a chi (1) può tollerare la perdita del capitale, (2) comprende prodotti strutturati complessi legati a indici azionari, (3) conosce la natura contingente dei coupon, e (4) accetta il rischio di credito di UBS.

UBS AG ofrece Notas con Rendimiento Contingente Callable con Disparador que vencen en julio de 2027 y están vinculadas al índice de peor desempeño entre Nasdaq-100, Russell 2000 y S&P 500.

Aspectos económicos clave

Precio de emisión: $1,000 por nota; ingresos mínimos para UBS de al menos $990.50 tras un descuento variable de suscripción de hasta $9.50.
Cupones contingentes: 9.20% anual (acumulación mensual de $7.6667), pagados solo si el nivel de cierre de cada índice es ≥ 70% de su nivel inicial en la fecha de observación mensual correspondiente.
Opción de rescate del emisor: UBS puede redimir las notas en su totalidad en cualquier fecha de observación mensual a partir de enero de 2026; los tenedores reciben el valor nominal más cualquier cupón adeudado.
Umbral de caída: 60% del nivel inicial de cada índice. Si algún índice termina por debajo de este umbral en la valoración final y las notas no han sido rescatadas, el reembolso será igual al nominal multiplicado por 1 + el rendimiento del índice con peor desempeño, exponiendo a los inversores a una pérdida de hasta el 100%.
Valor inicial estimado: $948.50–$978.50, inferior al precio de emisión debido a la compensación de los intermediarios, costos de cobertura y de financiamiento.

Aspectos de riesgo

Pérdida de capital si algún índice cae más del 40% desde su nivel inicial al vencimiento.
Incertidumbre en el cupón: no se paga en ningún mes en que un índice esté por debajo del 70% de su nivel inicial.
Riesgo de rescate y reinversión: UBS probablemente rescatará cuando las notas sean ventajosas para los inversores, limitando el rendimiento total.
Exposición crediticia: todos los pagos dependen de la capacidad de UBS AG para cumplir sus obligaciones; las notas no están garantizadas ni subordinadas.
Liquidez: no cotizadas; la creación de mercado secundaria es discrecional y puede implicar descuentos significativos.

Calendario: negociación desde el 14 de julio de 2025, liquidación el 17 de julio de 2025 (T+3), observaciones mensuales hasta la valoración final el 14 de julio de 2027; vencimiento el 19 de julio de 2027.

Perfil del inversor: adecuado solo para quienes (1) pueden tolerar la pérdida de capital, (2) entienden productos estructurados complejos vinculados a índices bursátiles, (3) comprenden la naturaleza contingente de los cupones, y (4) aceptan el riesgo crediticio de UBS.

UBS AG commercialise des Notes à Rendement Contingent Callable avec Trigger arrivant à échéance en juillet 2027, liées à l'indice le moins performant parmi le Nasdaq-100, Russell 2000 et S&P 500.

Principaux aspects économiques

Prix d'émission : 1 000 $ par note ; produit minimum pour UBS d'au moins 990,50 $ après une décote variable à la souscription pouvant aller jusqu'à 9,50 $.
Coupon contingent : 9,20 % par an (acquisition mensuelle de 7,6667 $), versé uniquement si le niveau de clôture de chaque indice est ≥ 70 % de son niveau initial à la date d'observation mensuelle concernée.
Option de remboursement de l'émetteur : UBS peut rembourser intégralement les notes à toute date d'observation mensuelle à partir de janvier 2026 ; les porteurs reçoivent le pair plus tout coupon dû.
Seuil de baisse : 60 % du niveau initial de chaque indice. Si un indice termine en dessous de ce seuil à la valorisation finale et que les notes n'ont pas été rappelées, le remboursement correspond au pair multiplié par 1 + le rendement de l'indice le moins performant, exposant les investisseurs à une perte pouvant atteindre 100 %.
Valeur initiale estimée : 948,50 $–978,50 $, inférieure au prix d'émission en raison de la rémunération des intermédiaires, des coûts de couverture et de financement.

Principaux risques

Perte en capital si un indice baisse de plus de 40 % par rapport à son niveau initial à l'échéance.
Incertitude sur le coupon : aucun paiement pour tout mois où un indice est inférieur à 70 % de son niveau initial.
Risque de remboursement anticipé et de réinvestissement : UBS est susceptible de rappeler lorsque les notes sont favorables aux investisseurs, limitant le rendement total.
Risque de crédit : tous les paiements dépendent de la capacité d'UBS AG à honorer ses engagements ; les notes sont non garanties et non subordonnées.
Liquidité : non cotées ; la création de marché secondaire est discrétionnaire et peut entraîner des décotes importantes.

Calendrier : négociation à partir du 14 juillet 2025, règlement le 17 juillet 2025 (T+3), observations mensuelles jusqu'à la valorisation finale le 14 juillet 2027 ; échéance le 19 juillet 2027.

Profil investisseur : adapté uniquement aux investisseurs qui (1) peuvent tolérer une perte en capital, (2) maîtrisent les produits structurés complexes liés aux indices boursiers, (3) comprennent la nature contingente des coupons, et (4) acceptent le risque de crédit d’UBS.

UBS AG bietet Trigger Callable Contingent Yield Notes mit Fälligkeit im Juli 2027 an, die an den schwächsten der Indizes Nasdaq-100, Russell 2000 und S&P 500 gekoppelt sind.

Wesentliche wirtschaftliche Merkmale

Ausgabepreis: $1.000 pro Note; Mindesteinnahmen für UBS mindestens $990,50 nach einem variablen Underwriting-Abschlag von bis zu $9,50.
Kontingenter Kupon: 9,20% p.a. (monatliche Akkumulation von $7,6667), zahlbar nur, wenn der Schlusskurs jedes Index am jeweiligen monatlichen Beobachtungstag ≥ 70% seines Anfangswerts ist.
Emittentenoption: UBS kann die Notes ganz an jedem monatlichen Beobachtungstag ab Januar 2026 zurückzahlen; Inhaber erhalten den Nennwert plus fällige Kupons.
Abwärtsgrenze: 60% des Anfangswerts jedes Index. Wenn ein Index bei der Endbewertung unter dieser Schwelle liegt und die Notes nicht zurückgerufen wurden, erfolgt die Rückzahlung zum Nennwert multipliziert mit 1 + der Rendite des schlechtesten Index, was ein Verlustrisiko von bis zu 100% bedeutet.
Geschätzter Anfangswert: $948,50–$978,50, unter dem Ausgabepreis wegen Händlervergütung, Absicherungs- und Finanzierungskosten.

Risikohighlights

Kapitalverlust, falls ein Index zum Laufzeitende mehr als 40% gegenüber dem Anfangswert fällt.
Kuponunsicherheit: Keine Zahlung für Monate, in denen ein Index unter 70% seines Anfangswerts liegt.
Emittenten-Call- und Reinvestitionsrisiko: UBS wird wahrscheinlich zurückrufen, wenn die Notes für Investoren vorteilhaft sind, was die Gesamtrendite begrenzt.
Kreditrisiko: Alle Zahlungen hängen von der Zahlungsfähigkeit der UBS AG ab; die Notes sind unbesichert und nicht nachrangig.
Liquidität: Nicht börsennotiert; der Sekundärmarkt ist diskretionär und kann mit erheblichen Abschlägen handeln.

Zeitplan: Handel ab 14. Juli 2025, Abwicklung 17. Juli 2025 (T+3), monatliche Beobachtungen bis zur Endbewertung am 14. Juli 2027; Fälligkeit am 19. Juli 2027.

Investorprofil: Geeignet nur für Investoren, die (1) Kapitalverluste tolerieren können, (2) komplexe strukturierte Produkte auf Aktienindizes verstehen, (3) die kontingente Natur der Kupons kennen und (4) das Kreditrisiko von UBS akzeptieren.

Positive

Attractive nominal yield: 9.20 % per annum exceeds current USD investment-grade bond yields.
Contingent principal protection up to a 40 % index decline if UBS does not call and all indices remain above their downside thresholds at maturity.
Diversification across three widely followed U.S. equity indices reduces single-index concentration.

Negative

Full downside exposure below the 60 % threshold can generate 100 % capital loss.
Coupon is not guaranteed; a single index below its 70 % barrier cancels that month’s payment.
Issuer call risk limits upside and introduces reinvestment uncertainty.
Credit risk: payments depend solely on UBS AG; subject to Swiss bail-in regime.
Estimated initial value up to 5 % below issue price, creating immediate mark-to-market drag.
Illiquid secondary market; notes are unlisted and dealer market-making is discretionary.

Insights

TL;DR – High coupon offsets high contingent and credit risk; overall neutral for diversified portfolios.

The note offers an above-market 9.2 % yield, but payments depend on three equity indices simultaneously staying above 70 % of their start levels. Historical drawdowns show that any one index can breach this barrier during stress periods, eliminating income and heightening loss potential. The 60 % downside threshold leaves investors exposed to meaningful equity beta without upside participation. UBS retains discretion to call, likely when coupons are consistently payable, capping returns. Estimated fair value is up to 5 % below issue price, immediately creating negative carry. For UBS the issuance is inexpensive funding; for investors the risk/return trade-off is balanced at best. Hence, impact is neutral.

TL;DR – Deep downside and liquidity risks outweigh coupon; negative for unsophisticated buyers.

Investors assume UBS senior unsecured credit exposure for two years; any widening in UBS CDS spreads will pressure secondary pricing. The instrument is highly path-dependent: one index breach cancels coupons and amplifies loss. Lack of listing and three-day settlement complicate exit strategies. FINMA bail-in powers could subordinate noteholders in a stress scenario. Given these structural weaknesses, the product may erode capital in volatile or credit-impaired environments.

UBS AG propone Note a Rendimento Contingente Callable con Trigger con scadenza a luglio 2027, collegate all'indice peggiore tra Nasdaq-100, Russell 2000 e S&P 500.

Principali caratteristiche economiche

Prezzo di emissione: $1.000 per nota; ricavi minimi per UBS almeno $990,50 dopo uno sconto variabile di sottoscrizione fino a $9,50.
Coupon contingente: 9,20% annuo (accumulo mensile di $7,6667), pagato solo se il livello di chiusura di ogni indice è ≥ 70% del livello iniziale nella data di osservazione mensile.
Richiamo da parte dell’emittente: UBS può rimborsare integralmente le note in qualsiasi data di osservazione mensile a partire da gennaio 2026; i detentori ricevono il valore nominale più eventuali coupon dovuti.
Soglia di ribasso: 60% del livello iniziale di ciascun indice. Se un indice termina sotto questa soglia alla valutazione finale e le note non sono state richiamate, il rimborso sarà pari al nominale moltiplicato per 1 + il rendimento dell’indice peggiore, esponendo gli investitori a una perdita fino al 100%.
Valore iniziale stimato: $948,50–$978,50, inferiore al prezzo di emissione a causa di compensi per i dealer, costi di copertura e di finanziamento.

Rischi principali

Perdita del capitale se un indice scende oltre il 40% dal livello iniziale alla scadenza.
Incertezza sul coupon: nessun pagamento mensile se anche un solo indice è sotto il 70% del livello iniziale.
Rischio di richiamo e reinvestimento: UBS probabilmente richiamerà quando le note risultano vantaggiose per gli investitori, limitando il rendimento totale.
Rischio di credito: tutti i pagamenti dipendono dalla capacità di UBS AG di adempiere agli obblighi; le note sono non garantite e non subordinate.
Liquidità: non quotate in borsa; il mercato secondario è discrezionale e può presentare sconti significativi.

Tempistiche: negoziazione dal 14 luglio 2025, regolamento 17 luglio 2025 (T+3), osservazioni mensili fino alla valutazione finale del 14 luglio 2027; scadenza 19 luglio 2027.

Aspectos económicos clave

Precio de emisión: $1,000 por nota; ingresos mínimos para UBS de al menos $990.50 tras un descuento variable de suscripción de hasta $9.50.
Cupones contingentes: 9.20% anual (acumulación mensual de $7.6667), pagados solo si el nivel de cierre de cada índice es ≥ 70% de su nivel inicial en la fecha de observación mensual correspondiente.
Opción de rescate del emisor: UBS puede redimir las notas en su totalidad en cualquier fecha de observación mensual a partir de enero de 2026; los tenedores reciben el valor nominal más cualquier cupón adeudado.
Umbral de caída: 60% del nivel inicial de cada índice. Si algún índice termina por debajo de este umbral en la valoración final y las notas no han sido rescatadas, el reembolso será igual al nominal multiplicado por 1 + el rendimiento del índice con peor desempeño, exponiendo a los inversores a una pérdida de hasta el 100%.
Valor inicial estimado: $948.50–$978.50, inferior al precio de emisión debido a la compensación de los intermediarios, costos de cobertura y de financiamiento.

Aspectos de riesgo

Pérdida de capital si algún índice cae más del 40% desde su nivel inicial al vencimiento.
Incertidumbre en el cupón: no se paga en ningún mes en que un índice esté por debajo del 70% de su nivel inicial.
Riesgo de rescate y reinversión: UBS probablemente rescatará cuando las notas sean ventajosas para los inversores, limitando el rendimiento total.
Exposición crediticia: todos los pagos dependen de la capacidad de UBS AG para cumplir sus obligaciones; las notas no están garantizadas ni subordinadas.
Liquidez: no cotizadas; la creación de mercado secundaria es discrecional y puede implicar descuentos significativos.

Principaux aspects économiques

Prix d'émission : 1 000 $ par note ; produit minimum pour UBS d'au moins 990,50 $ après une décote variable à la souscription pouvant aller jusqu'à 9,50 $.
Coupon contingent : 9,20 % par an (acquisition mensuelle de 7,6667 $), versé uniquement si le niveau de clôture de chaque indice est ≥ 70 % de son niveau initial à la date d'observation mensuelle concernée.
Option de remboursement de l'émetteur : UBS peut rembourser intégralement les notes à toute date d'observation mensuelle à partir de janvier 2026 ; les porteurs reçoivent le pair plus tout coupon dû.
Seuil de baisse : 60 % du niveau initial de chaque indice. Si un indice termine en dessous de ce seuil à la valorisation finale et que les notes n'ont pas été rappelées, le remboursement correspond au pair multiplié par 1 + le rendement de l'indice le moins performant, exposant les investisseurs à une perte pouvant atteindre 100 %.
Valeur initiale estimée : 948,50 $–978,50 $, inférieure au prix d'émission en raison de la rémunération des intermédiaires, des coûts de couverture et de financement.

Principaux risques

Perte en capital si un indice baisse de plus de 40 % par rapport à son niveau initial à l'échéance.
Incertitude sur le coupon : aucun paiement pour tout mois où un indice est inférieur à 70 % de son niveau initial.
Risque de remboursement anticipé et de réinvestissement : UBS est susceptible de rappeler lorsque les notes sont favorables aux investisseurs, limitant le rendement total.
Risque de crédit : tous les paiements dépendent de la capacité d'UBS AG à honorer ses engagements ; les notes sont non garanties et non subordonnées.
Liquidité : non cotées ; la création de marché secondaire est discrétionnaire et peut entraîner des décotes importantes.

UBS AG bietet Trigger Callable Contingent Yield Notes mit Fälligkeit im Juli 2027 an, die an den schwächsten der Indizes Nasdaq-100, Russell 2000 und S&P 500 gekoppelt sind.

Wesentliche wirtschaftliche Merkmale

Ausgabepreis: $1.000 pro Note; Mindesteinnahmen für UBS mindestens $990,50 nach einem variablen Underwriting-Abschlag von bis zu $9,50.
Kontingenter Kupon: 9,20% p.a. (monatliche Akkumulation von $7,6667), zahlbar nur, wenn der Schlusskurs jedes Index am jeweiligen monatlichen Beobachtungstag ≥ 70% seines Anfangswerts ist.
Emittentenoption: UBS kann die Notes ganz an jedem monatlichen Beobachtungstag ab Januar 2026 zurückzahlen; Inhaber erhalten den Nennwert plus fällige Kupons.
Abwärtsgrenze: 60% des Anfangswerts jedes Index. Wenn ein Index bei der Endbewertung unter dieser Schwelle liegt und die Notes nicht zurückgerufen wurden, erfolgt die Rückzahlung zum Nennwert multipliziert mit 1 + der Rendite des schlechtesten Index, was ein Verlustrisiko von bis zu 100% bedeutet.
Geschätzter Anfangswert: $948,50–$978,50, unter dem Ausgabepreis wegen Händlervergütung, Absicherungs- und Finanzierungskosten.

Risikohighlights

Kapitalverlust, falls ein Index zum Laufzeitende mehr als 40% gegenüber dem Anfangswert fällt.
Kuponunsicherheit: Keine Zahlung für Monate, in denen ein Index unter 70% seines Anfangswerts liegt.
Emittenten-Call- und Reinvestitionsrisiko: UBS wird wahrscheinlich zurückrufen, wenn die Notes für Investoren vorteilhaft sind, was die Gesamtrendite begrenzt.
Kreditrisiko: Alle Zahlungen hängen von der Zahlungsfähigkeit der UBS AG ab; die Notes sind unbesichert und nicht nachrangig.
Liquidität: Nicht börsennotiert; der Sekundärmarkt ist diskretionär und kann mit erheblichen Abschlägen handeln.

Zeitplan: Handel ab 14. Juli 2025, Abwicklung 17. Juli 2025 (T+3), monatliche Beobachtungen bis zur Endbewertung am 14. Juli 2027; Fälligkeit am 19. Juli 2027.

07/10/2025 - 10:48 AM

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^*

MAGIE JINHEE

(Last)

(First)

(Middle)

C/O LITHIUM AMERICAS CORP.

5310 KIETZKE LANE, SUITE 200

(Street)

RENO

89511

(City)

(State)

(Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
07/09/2025

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	07/09/2025		M		1,079	A	⁽¹⁾	9,079	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	07/09/2025		M			1,079	⁽²⁾	10/24/2026	Common Shares	1,079	$0	0	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.

2. The RSUs were granted on October 24, 2023, subject to vesting provisions.

	/s/ Tereza Fonda as attorney-in-fact for Jinhee Magie	07/09/2025
	** 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).
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FAQ

What is the contingent coupon rate on UBS (WUCT) Trigger Callable Notes?

The notes pay a 9.20 % annual coupon, accrued monthly, only when all three indices close at or above 70 % of their initial levels.

How much principal protection do the UBS notes offer?

Principal is protected only if, at maturity, every index is ≥ 60 % of its initial level; otherwise investors absorb the full negative return of the worst index.

When can UBS call the notes?

UBS may redeem the notes in whole on any monthly observation date starting January 20 2026, paying par plus any due coupon.

What is the estimated initial value versus the $1,000 issue price?

UBS estimates fair value between $948.50 and $978.50, reflecting dealer compensation, hedging and funding costs.

Are the notes tradeable on an exchange?

No. The securities will not be listed; secondary liquidity relies on discretionary dealer markets and may be limited.

Which indices determine performance of the least-performing asset?

The Nasdaq-100 (NDX), Russell 2000 (RTY) and S&P 500 (SPX). The note’s payoff depends on the worst performer among them.

[Form 4] Lithium Americas Corp. Insider Trading Activity

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FAQ

What is the contingent coupon rate on UBS (WUCT) Trigger Callable Notes?

How much principal protection do the UBS notes offer?

When can UBS call the notes?

What is the estimated initial value versus the $1,000 issue price?

Are the notes tradeable on an exchange?

Which indices determine performance of the least-performing asset?

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[Form 4] Lithium Americas Corp. Insider Trading Activity

Insights

Structured Products Analyst neutral

Credit & Risk Analyst negative

FAQ

What is the contingent coupon rate on UBS (WUCT) Trigger Callable Notes?

How much principal protection do the UBS notes offer?

When can UBS call the notes?

What is the estimated initial value versus the $1,000 issue price?

Are the notes tradeable on an exchange?

Which indices determine performance of the least-performing asset?

NYSE:LAC

LAC Rankings

LAC Latest News

LAC Latest SEC Filings

LAC Stock Data