[Form 4] Lithia Motors, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Louis Miramontes, a director of Lithia Motors, Inc. (LAD), reported a sale of company stock. On 08/22/2025 the reporting person sold 250 shares of Lithia Motors common stock under Transaction Code S at a weighted average price of $324.0641. After the reported sale the reporting person beneficially owned 5,679 shares, held directly. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person.

Positive

• Transaction disclosed promptly on Form 4, providing regulatory transparency
• Sale details include weighted average price ($324.0641) and number of shares sold (250), aiding clarity

Negative

• Insider sale occurred (250 shares), which some investors may view as a negative signal despite no context provided
• Filing lacks context on reasons for the sale or relation to any trading plan, limiting interpretability

Insights

Financial Analyst

TL;DR: Routine director stock sale disclosed; no additional financial details provided to assess material impact.

The filing reports a single non-derivative sale of 250 shares at a weighted average price of $324.0641 on 08/22/2025, leaving direct beneficial ownership of 5,679 shares. This disclosure satisfies Section 16 reporting requirements and provides transparency on insider activity. The size and frequency of trades relative to total holdings or outstanding shares are not provided in the document, so materiality cannot be fully assessed from this filing alone.

Corporate Governance Expert

TL;DR: Insider followed reporting protocol; sale executed via attorney-in-fact and properly documented on Form 4.

The Form 4 identifies the reporting person as a director and shows a sale coded "S." The document includes an explanatory remark about the weighted average price range and notes the attorney-in-fact signature. The filing demonstrates compliance with reporting obligations, but it does not disclose the purpose of the sale or any trading plan reference beyond the form fields, so governance implications are limited to disclosure compliance.

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
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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^*

Miramontes Louis

(Last) (First) (Middle)

150 N. BARTLETT ST

(Street)

MEDFORD OR 97501

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
LITHIA MOTORS INC [ LAD ]

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)
08/22/2025

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)
			Code	V	Amount	(A) or (D)	Price
Lithia Motors Inc Common Stock	08/22/2025		S		250	D	$324.0641(1)	5,679	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

Explanation of Responses:

1. Represents the weighted average share price of the Issuer's common stock sold in the price range of $324.035 to $324.450. The reporting person undertakes to provide upon request by the Commission staff, the Issuer or a security holder, full information regarding the number of shares sold at each separate price.

Remarks:

	/s/ Kevin Cundick, Attorney-in-Fact	08/22/2025
	** 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).
** 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

Who reported the insider transaction for LAD?

Louis Miramontes, listed as a director, is the reporting person.

What transaction was reported on the LAD Form 4?

A sale of 250 shares of Lithia Motors common stock (Transaction Code S).

When was the LAD transaction executed?

The transaction date reported is 08/22/2025.

At what price were LAD shares sold?

The weighted average price reported for the sale is $324.0641 (range $324.035 to $324.450).

How many LAD shares does the reporting person own after the sale?

The reporting person beneficially owned 5,679 shares following the reported transaction.

Who signed the Form 4 for the reporting person?

The form was signed by /s/ Kevin Cundick, Attorney-in-Fact on 08/22/2025.