Americas Corp. (LAC) EVP converts RSUs and withholds 8,900 shares for taxes

Rhea-AI Filing Summary

Americas Corp. executive Richard Gerspacher, EVP, Capital Projects, reported equity transactions involving common shares and restricted share units (RSUs) on January 23, 2026. He exercised 17,885 RSUs at an exercise price of $0, receiving the same number of common shares.

On the same date, 8,900 common shares were disposed of at $6.47 per share under code “F,” indicating shares withheld to cover tax obligations associated with the award. After these transactions, he directly owned 93,428 common shares and 17,884 RSUs. The RSUs relate to a grant made on January 23, 2024 that vests in thirds annually beginning in January 2025.

Insights

Equity compensation and governance analyst

Routine RSU vesting and tax withholding; ownership modestly rebalanced.

The transactions show RSUs vesting into common shares for Americas Corp.’s EVP, Capital Projects. Code “M” reflects the conversion of 17,885 RSUs into common shares at an exercise price of $0, which is standard for time-based RSU awards.

The “F” code sale of 8,900 common shares at $6.47 per share indicates shares withheld to satisfy tax obligations, rather than an open-market discretionary sale. Following these moves, the executive reports 93,428 common shares and 17,884 RSUs held directly, suggesting an ongoing equity stake aligned with shareholder interests.

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^*

GERSPACHER RICHARD

(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)
	EVP, Capital Projects

3. Date of Earliest Transaction (Month/Day/Year)
01/23/2026

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	01/23/2026		M		17,885	A	(1)	102,328	D
Common Shares	01/23/2026		F		8,900	D	$6.47	93,428	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)	01/23/2026		M			17,885	(2)	(2)	Common Shares	17,885	$0	17,884	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 January 23, 2024, which vest 1/3 annually beginning in January of 2025.

	/s/ Tereza Fonda as attorney-in-fact for Richard Gerspacher	01/27/2026
	** 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.

FAQ

What insider transactions did Americas Corp. (LAC) report for Richard Gerspacher?

Americas Corp. reported that EVP, Capital Projects, Richard Gerspacher exercised 17,885 RSUs into common shares and had 8,900 common shares withheld at $6.47 per share on January 23, 2026, primarily to cover tax obligations tied to the award.

How many Americas Corp. (LAC) shares does Richard Gerspacher own after this Form 4?

After the reported transactions, Richard Gerspacher directly owns 93,428 common shares of Americas Corp. and 17,884 restricted share units (RSUs). These holdings reflect both the RSU conversion into shares and the share withholding to satisfy associated tax liabilities on January 23, 2026.

What does the RSU transaction code “M” mean in the Americas Corp. (LAC) Form 4?

Transaction code “M” indicates the exercise or conversion of a derivative security, here restricted share units, into common stock. For Richard Gerspacher, 17,885 RSUs converted into the same number of Americas Corp. common shares at an exercise price of $0 per share.

Why were 8,900 Americas Corp. (LAC) shares disposed of at $6.47 in this filing?

The 8,900 common shares marked with transaction code “F” at $6.47 per share represent shares withheld to cover taxes from the RSU vesting. This is a common method where the issuer retains shares instead of the executive paying cash for tax obligations.

What is the origin and vesting schedule of Richard Gerspacher’s RSUs at Americas Corp. (LAC)?

The reported RSUs come from a January 23, 2024 grant. According to the disclosure, these restricted share units vest in one-third increments annually, beginning in January 2025, giving the executive a staggered schedule of share delivery over several years.

What does each restricted share unit represent in Americas Corp. (LAC)’s Form 4?

Each restricted share unit (RSU) represents a contingent right to receive one share of Americas Corp. common stock. Once vesting conditions are met, RSUs convert into common shares, as seen with the 17,885 RSUs exercised by EVP Richard Gerspacher on January 23, 2026.