Lithium Americas (LAC) GC converts 8,707 RSUs into common shares

Rhea-AI Filing Summary

Lithium Americas Corp. executive Edward Grandy, Sr VP, General Counsel and Secretary, exercised restricted share units into common shares. On February 9, 2026, 8,707 RSUs were converted into 8,707 common shares at an exercise price of $0 per share through a derivative exercise.

Following this transaction, Grandy directly beneficially owned 182,079 common shares of Lithium Americas Corp. The RSUs originated from a grant made on February 9, 2023, that vests in three equal annual installments beginning in 2024.

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

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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^*

GRANDY EDWARD

(Last) (First) (Middle)

C/O LITHIUM AMERICAS CORP.

5310 KIETZKE LANE, SUITE 200

(Street)

RENO NV 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Sr VP, GC & Secretary

3. Date of Earliest Transaction (Month/Day/Year)
02/09/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Shares	02/09/2026		M		8,707	A	(1)	182,079	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Share Units	(1)	02/09/2026		M			8,707	(2)	(2)	Common Shares	8,707	$0	0	D

Explanation of Responses:

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

2. Represents grant of RSUs on February 9, 2023, which vest one-third annually beginning in 2024.

	/s/ Tereza Fonda as attorney-in-fact for Edward Grandy	02/11/2026
	** 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).
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FAQ

What insider transaction did LAC officer Edward Grandy report on this Form 4?

Edward Grandy reported exercising restricted share units into common shares. On February 9, 2026, 8,707 RSUs were converted into 8,707 Lithium Americas Corp. common shares at an exercise price of $0 per share, classified as an exercise or conversion of a derivative security.

How many Lithium Americas Corp. (LAC) shares does Edward Grandy own after this transaction?

After the reported transaction, Edward Grandy directly beneficially owned 182,079 common shares of Lithium Americas Corp. This total reflects the addition of 8,707 shares issued upon the exercise and conversion of previously granted restricted share units on February 9, 2026.

What type of securities did the RSU transaction involve for LAC?

The transaction involved restricted share units that convert into common shares. Each RSU represents a contingent right to receive one share of Lithium Americas Corp. common stock, and in this case 8,707 RSUs were exercised into 8,707 common shares at no cash exercise price.

When were the underlying LAC restricted share units originally granted to Edward Grandy?

The restricted share units were granted on February 9, 2023. According to the disclosure, this RSU grant vests in one-third installments annually beginning in 2024, leading to the portion exercised and converted into common shares on February 9, 2026.

Is Edward Grandy’s LAC Form 4 transaction an open-market stock purchase or sale?

The transaction is not an open-market trade; it is a derivative exercise. Code “M” indicates the exercise or conversion of derivative securities, where 8,707 RSUs converted into 8,707 common shares at $0, increasing Grandy’s direct share ownership.

What is Edward Grandy’s role at Lithium Americas Corp. (LAC)?

Edward Grandy is an officer of Lithium Americas Corp., serving as Senior Vice President, General Counsel and Secretary. His Form 4 filing reports personal equity compensation activity, specifically the exercise of restricted share units into common shares of the company.