Lifezone Metals (LZM) director receives 13,626 stock options at $4.81 strike

Rhea-AI Filing Summary

Lifezone Metals Ltd director Maajar Mwanaidi Sinare received a grant of stock options, giving the right to acquire 13,626 Lifezone Metals Ordinary Shares at an exercise price of $4.81 per share. The options were granted as a compensation award and had no cash cost at grant.

The 13,626 options vest in three equal instalments on November 3, 2026, May 7, 2027 and May 7, 2028, and expire on May 6, 2031. Following this grant, Sinare holds 13,626 stock options directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Maajar Mwanaidi Sinare

Role null

Type	Security	Shares	Price	Value
Grant/Award	Lifezone Metals Stock Options	13,626	$0.00	--

Holdings After Transaction: Lifezone Metals Stock Options — 13,626 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Options granted: 13,626 options Exercise price: $4.81 per share Shares underlying options: 13,626 shares +3 more

6 metrics

Options granted 13,626 options Grant to director on May 7, 2026

Exercise price $4.81 per share Conversion/exercise price for stock options

Shares underlying options 13,626 shares Lifezone Metals Ordinary Shares covered by grant

Post-grant option holdings 13,626 options Total options held following transaction

Grant date May 7, 2026 Date options were granted

Expiration date May 6, 2031 Option expiration

Key Terms

stock options, exercise price, vest, expiration date

4 terms

stock options financial

"The Stock Options were granted on May 7, 2026, and vest in three equal instalments"

Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.

exercise price financial

"conversion_or_exercise_price": "4.8100""

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

vest financial

"and vest in three equal instalments on November 3, 2026, May 7, 2027 and May 7, 2028."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

expiration date financial

"expiration_date": "2031-05-06T00:00:00.000Z""

The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.

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^*

Maajar Mwanaidi Sinare

(Last) (First) (Middle)

2ND FLOOR, ST GEORGE'S COURT

UPPER CHURCH STREET,

(Street)

DOUGLAS IM1 1EE

(City) (State) (Zip)

ISLE OF MAN

(Country)

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

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)
05/07/2026

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
Lifezone Metals Stock Options	$4.81	05/07/2026		A		13,626		(1)	05/06/2031	Lifezone Metals Ordinary Share	13,626	$0	13,626	D

Explanation of Responses:

1. The Stock Options were granted on May 7, 2026, and vest in three equal instalments on November 3, 2026, May 7, 2027 and May 7, 2028.

Remarks:

	Mwanaidi Sinare Maajar	05/11/2026
	** 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 insider transaction did Lifezone Metals (LZM) report for Maajar Mwanaidi Sinare?

Lifezone Metals reported that director Maajar Mwanaidi Sinare received a grant of 13,626 stock options. These options are a compensation award, not an open-market purchase, and give the right to acquire ordinary shares at a fixed exercise price in the future.

What is the exercise price of the new Lifezone Metals (LZM) stock options?

The granted stock options have an exercise price of $4.81 per share. This means Sinare can buy Lifezone Metals Ordinary Shares at $4.81 when exercising the options, subject to the vesting schedule and the option expiration date in 2031.

How many Lifezone Metals (LZM) shares are covered by Sinare’s option grant?

The option grant covers 13,626 underlying Lifezone Metals Ordinary Shares. Each option corresponds to one ordinary share, so exercising all vested options would allow Sinare to acquire 13,626 shares, assuming exercise occurs before the stated expiration date and in accordance with plan terms.

When do Maajar Mwanaidi Sinare’s Lifezone Metals (LZM) options vest?

The options vest in three equal instalments on November 3, 2026, May 7, 2027 and May 7, 2028. This staged vesting means only a portion becomes exercisable at each date, aligning the director’s compensation with longer-term service and performance.

When do the newly granted Lifezone Metals (LZM) stock options expire?

The stock options expire on May 6, 2031. After that expiration date, any unexercised options will lapse and can no longer be used to acquire Lifezone Metals Ordinary Shares, so exercise must occur before that deadline, subject to vesting and plan rules.

How many Lifezone Metals (LZM) options does Sinare hold after this grant?

After the reported grant, Sinare holds 13,626 stock options directly. This figure matches the number of options granted in the transaction, indicating this filing reflects Sinare’s full reported option position related to this specific award at the time of the report.