LITHIUM AMERICAS (NYSE: LAC) EVP awarded 75,573 RSUs plus 74,587 shares

Rhea-AI Filing Summary

DUSHNISKY KELVIN PAUL MICHAEL reported acquisition or exercise transactions in this Form 4 filing.

LITHIUM AMERICAS CORP. executive and director Kelvin Paul Michael Dushnisky reported compensation-related equity grants. On January 29, 2026, he received 75,573 Restricted Share Units (RSUs), each representing a contingent right to one common share, and 74,587 Common Shares, both at a stated price of $0.00 per share.

The RSU grants include short-term restricted share units that vest 100% 60 days from the grant date, and a separate grant of 75,573 RSUs that vest in three equal annual installments beginning in 2027. Following the common share grant, his directly held common share position increased to 252,544 shares.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider DUSHNISKY KELVIN PAUL MICHAEL

Role EVP, Capital Projects

Type	Security	Shares	Price	Value
Grant/Award	Restricted Share Units	75,573	$0.00	--
Grant/Award	Common Shares	74,587	$0.00	--

Holdings After Transaction: Restricted Share Units — 75,573 shares (Direct); Common Shares — 252,544 shares (Direct)

Footnotes (1)

1. Represents grant of short-term restricted share units which vest 100% 60 days from the grant date. Each restricted share unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. Represents grant of 75,573 RSUs on January 29, 2026, which vest 1/3 annually beginning in 2027.

Key Figures

RSU grant: 75,573 RSUs Common share grant: 74,587 shares Shares held after grant: 252,544 shares +3 more

6 metrics

RSU grant 75,573 RSUs Granted January 29, 2026; each RSU equals one common share

Common share grant 74,587 shares Common Shares granted January 29, 2026 at $0.00 per share

Shares held after grant 252,544 shares Total directly held common shares following the 74,587-share grant

RSU vesting schedule 1/3 annually from 2027 75,573 RSUs vest in three equal annual installments starting 2027

Short-term RSU vesting 100% after 60 days Short-term restricted share units vest fully 60 days from grant

Transaction price $0.00 per share Stated price for both RSU and common share grants

Key Terms

Restricted Share Units, RSU, short-term restricted share units, contingent right

4 terms

Restricted Share Units financial

"Represents grant of short-term restricted share units which vest 100% 60 days"

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

RSU financial

"Each restricted share unit ("RSU") represents a contingent right to receive"

Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.

short-term restricted share units financial

"Represents grant of short-term restricted share units which vest 100% 60 days"

contingent right financial

"Each restricted share unit ("RSU") represents a contingent right to receive one share"

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)
01/29/2026

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	01/29/2026		A		74,587(1)	A	$0	252,544	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	(2)	01/29/2026		A		75,573		(3)	(3)	Common Shares	75,573	$0	75,573	D

Explanation of Responses:

1. Represents grant of short-term restricted share units which vest 100% 60 days from the grant date.

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

3. Represents grant of 75,573 RSUs on January 29, 2026, which vest 1/3 annually beginning in 2027.

	/s/ Tereza Fonda as attorney-in-fact for Kelvin Dushnisky	03/27/2026
	** 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 equity awards did LAC executive Kelvin Dushnisky receive in this Form 4?

Kelvin Dushnisky received 75,573 Restricted Share Units (RSUs) and a separate grant of 74,587 Common Shares. Both awards were recorded at a stated transaction price of $0.00 per share, reflecting compensation rather than open-market purchases.

How do the new grants affect Kelvin Dushnisky’s LAC share ownership?

After the 74,587 Common Shares grant, Kelvin Dushnisky’s directly held common share position increased to 252,544 shares. The 75,573 RSUs represent additional contingent rights to receive common shares upon future vesting conditions.

When do Kelvin Dushnisky’s LAC Restricted Share Units vest?

The filing notes short-term restricted share units that vest 100% 60 days from the grant date, and a separate grant of 75,573 RSUs on January 29, 2026 that vest in one-third increments annually beginning in 2027.

What does each LAC Restricted Share Unit (RSU) represent in this filing?

Each RSU represents a contingent right to receive one share of LITHIUM AMERICAS CORP.’s common stock. Actual share delivery depends on the vesting conditions described, including the 60-day cliff and the three-year annual vesting schedule starting in 2027.

Is Kelvin Dushnisky’s Form 4 for LAC a market purchase or compensation grant?

The transactions are classified as grant, award, or other acquisition with a transaction price of $0.00 per share, indicating compensation-related equity awards rather than open-market purchases or sales of LITHIUM AMERICAS CORP. stock.