Lifezone Metals (NYSE: LZM) CEO reports shares, options, RSUs and earnouts

Rhea-AI Filing Summary

Lifezone Metals Ltd Chief Executive Officer Christopher Michael Showalter filed an initial ownership report showing direct holdings in the company. He holds 2,782,868 Lifezone Metals ordinary shares, plus stock options covering 327,730 ordinary shares at an exercise price of $4.40 expiring on August 14, 2030.

He also holds 333,334 restricted stock units, each representing one ordinary share, vesting in three equal installments between April 7, 2026 and April 7, 2027. In addition, he has 1,375,745 earnout units linked to ordinary shares that vest in two equal tranches if the daily VWAP reaches $14.00 or $16.00 for 20 trading days before July 6, 2028.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Showalter Christopher Michael

(Last) (First) (Middle)

7050 PINE GATE DRIVE

FAIRVIEW

(Street)

PENNSYLVANIA PA 16415

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/16/2026

3. Issuer Name and Ticker or Trading Symbol
Lifezone Metals Ltd [ LZM ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Lifezone Metals Ordinary Share	2,782,868	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Lifezone Metals Stock Options	(1)	08/14/2030	Lifezone Metals Ordinary Share	327,730	$4.4	D
Lifezone Metals Restricted Stock Units	(2)	(2)	Lifezone Metals Ordinary Share	333,334	(3)	D
Lifezone Metals Earnout Units	(4)	07/06/2028	Lifezone Metals Ordinary Share	1,375,745	(4)	D

Explanation of Responses:

1. The Stock Options were granted on August 14, 2025, and vest in three equal installments on November 1, 2025, August 14, 2026 and August 14, 2027

2. RSUs vest equally in three installments on April 7, 2026, September 7, 2026 and April 7, 2027.

3. Each Restricted Stock Unit represents a contingent right to receive one ordinary share of Lifezone Metals Limited.

4. Vest in two equal tranches if the daily VWAP of Lifezone Metals shares for any 20 trading days is greater than or equal to $14.00 or $16.00 .

Remarks:

	Chris Showalter	03/17/2026
	** 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 5 (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.
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FAQ

What does the Lifezone Metals (LZM) Form 3 filing show for the CEO?

The Form 3 shows CEO Christopher Michael Showalter’s initial ownership in Lifezone Metals. He directly holds ordinary shares, stock options, restricted stock units, and performance-based earnout units, giving a detailed view of his current equity-based alignment with the company’s long-term performance.

How many Lifezone Metals ordinary shares does the CEO directly own?

Christopher Michael Showalter directly owns 2,782,868 Lifezone Metals ordinary shares. This position reflects his core equity stake, separate from options, restricted stock units, and earnout units, which could further increase his ownership if vesting and performance conditions are satisfied over time.

What stock options are reported by the Lifezone Metals CEO on Form 3?

The CEO holds stock options over 327,730 ordinary shares with an exercise price of $4.40 per share, expiring on August 14, 2030. These options vest in three equal installments, tying additional ownership potential to continued service over the vesting period.

What restricted stock units (RSUs) does Lifezone Metals CEO hold?

He holds 333,334 restricted stock units, each representing one ordinary share. The RSUs vest in three equal installments on April 7, 2026, September 7, 2026 and April 7, 2027, providing time-based equity compensation that increases his stake as service conditions are met.

How do the earnout units in Lifezone Metals CEO’s Form 3 work?

The CEO has 1,375,745 earnout units tied to ordinary shares. They vest in two equal tranches if Lifezone Metals’ daily VWAP reaches $14.00 or $16.00 for any 20 trading days before July 6, 2028, linking additional equity to share-price performance milestones.

Does the Lifezone Metals Form 3 show any insider buying or selling?

The Form 3 reflects holdings only and does not report new purchases or sales. It establishes Christopher Michael Showalter’s existing positions in ordinary shares, stock options, RSUs, and earnout units as of the reporting date, without indicating recent trading activity.