Lithium Americas (NYSE: LAC) director granted 12,038 deferred share units

Rhea-AI Filing Summary

BROWN MICHAEL JOHN reported acquisition or exercise transactions in this Form 4 filing.

LITHIUM AMERICAS CORP. director Michael John Brown received a grant of deferred share units as part of his compensation. He was awarded 12,038 Deferred Share Units (DSUs), each representing the right to receive one common share in the future. Following this award, he holds 116,906 DSUs. The underlying common shares will only be issued, and related voting and dispositive rights will only begin, after his service as a director ends, with settlement timing differing for U.S. and non-U.S. participants.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider BROWN MICHAEL JOHN

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Share Units ("DSUs")	12,038	$0.00	--

Holdings After Transaction: Deferred Share Units ("DSUs") — 116,906 shares (Direct)

Footnotes (1)

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Key Figures

DSUs granted: 12,038 units DSUs held after grant: 116,906 units DSU-to-share ratio: 1 DSU : 1 common share +2 more

5 metrics

DSUs granted 12,038 units Deferred Share Units awarded on 2026-04-13

DSUs held after grant 116,906 units Total Deferred Share Units following transaction

DSU-to-share ratio 1 DSU : 1 common share Each DSU represents right to one common share

U.S. settlement timing 6 months Settlement after termination date for U.S. participants

Non-U.S. settlement timing 20th business day Settlement after termination date for non-U.S. participants

Key Terms

Deferred Share Units ("DSUs"), voting or dispositive rights, termination of the Reporting Person's employment or services, settled with no further action

4 terms

Deferred Share Units ("DSUs") financial

"Each DSU represents the right to receive one common share of the Issuer."

voting or dispositive rights regulatory

"the Reporting Person shall not have any voting or dispositive rights with respect to the underlying common shares"

termination of the Reporting Person's employment or services regulatory

"until termination of the Reporting Person's employment or services as a director of the Issuer"

settled with no further action financial

"will be settled with no further action by the Reporting Person on the date"

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^*

BROWN MICHAEL JOHN

(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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/13/2026

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

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
Deferred Share Units ("DSUs")	(1)	04/13/2026		A		12,038		(1)	(1)	Common Shares	12,038	$0	116,906	D

Explanation of Responses:

1. Each DSU represents the right to receive one common share of the Issuer. The underlying common shares will not be issued to the Reporting Person, and the Reporting Person shall not have any voting or dispositive rights with respect to the underlying common shares, until termination of the Reporting Person's employment or services as a director of the Issuer. Grants to U.S. eligible participants will be settled with no further action by the Reporting Person on the date that is 6 months following the Reporting Person's termination date. Grants to non-U.S. eligible participants will be settled with no further action by the Reporting Person on the 20th business day following the Reporting Person's termination date.

	/s/ Tereza Fonda as attorney-in-fact for Michael John Brown	04/15/2026
	** 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 LAC director Michael John Brown report on this Form 4?

Michael John Brown reported receiving a grant of 12,038 Deferred Share Units (DSUs) of Lithium Americas Corp. Each DSU represents the right to receive one common share in the future as part of his director compensation arrangement.

How many Deferred Share Units does Michael John Brown hold in LAC after this grant?

After the reported grant, Michael John Brown holds a total of 116,906 Deferred Share Units in Lithium Americas Corp. This figure reflects his DSU position following the 12,038-unit award disclosed in the filing.

What does each Deferred Share Unit (DSU) of Lithium Americas Corp. represent?

Each Deferred Share Unit of Lithium Americas Corp. represents the right to receive one common share of the company. The actual common shares are not issued until after the director’s service terminates, according to the plan’s settlement terms.

When will Michael John Brown receive common shares for his LAC DSUs?

Common shares underlying Michael John Brown’s DSUs will be issued only after his termination as a director. For U.S. participants, settlement occurs six months after termination, while non-U.S. participants settle on the 20th business day following termination.

Does Michael John Brown have voting rights for the common shares underlying his LAC DSUs?

He does not have voting or dispositive rights over the underlying common shares while they remain as DSUs. Those rights begin only once the DSUs settle into actual common shares after his service as a director ends.