Lifezone Metals director granted 13,626 stock options

Lifezone Metals Ltd director Govind Friedland received a grant of stock options, reflecting equity-based compensation rather than an open-market trade.

Rhea-AI Filing Summary

Lifezone Metals Ltd director Govind Friedland received a grant of stock options, reflecting equity-based compensation rather than an open-market trade. He was awarded 13,626 Lifezone Metals stock options at an exercise price of $4.81 per share, each option tied to an ordinary share.

The options were granted on May 7, 2026 and vest in three equal installments on November 3, 2026, May 7, 2027 and May 7, 2028, encouraging longer-term alignment with shareholders. Following this grant, he holds 13,626 stock options directly, with the options expiring on May 6, 2031 if not exercised.

Insights

Equity Compensation Analyst

Routine director stock option grant with multi-year vesting schedule.

Director Govind Friedland received 13,626 Lifezone Metals stock options at an exercise price of $4.81 per share. The grant is compensation-related, coded as an acquisition (A), not an open-market purchase, and therefore carries limited trading-signal value.

The options vest in three equal installments on November 3, 2026, May 7, 2027 and May 7, 2028, with expiration on May 6, 2031. This structure promotes retention and long-term focus. Future filings may show if any of these options are later exercised or if additional equity awards are granted.

Insider Trade Summary

Grant/Award: 13,626 shares

Grant/Award 1 txn

Insider Friedland Govind

Role Director

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

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

Footnotes (1)

1. F1. 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.

Key Figures

Options granted: 13,626 options Exercise price: $4.81 per share Underlying shares: 13,626 ordinary shares +5 more

8 metrics

Options granted 13,626 options Lifezone Metals stock options granted May 7, 2026

Exercise price $4.81 per share Exercise price for granted stock options

Underlying shares 13,626 ordinary shares Each option corresponds to one ordinary share

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

Option expiration May 6, 2031 Expiration date for granted options

First vesting date November 3, 2026 First of three equal vesting installments

Second vesting date May 7, 2027 Second vesting installment

Third vesting date May 7, 2028 Final vesting installment

Key Terms

Lifezone Metals Stock Options, exercise price, vesting, expiration date, +1 more

5 terms

Lifezone Metals Stock Options financial

"security_title: "Lifezone Metals Stock Options""

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.

vesting financial

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

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the 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.

underlying security financial

"underlying_security_title: "Lifezone Metals Ordinary Share""

FAQ

What did Govind Friedland receive in this Lifezone Metals (LZM) Form 4 filing?

Govind Friedland received a grant of 13,626 Lifezone Metals stock options as director compensation. Each option is exercisable into one ordinary share at an exercise price of $4.81, creating potential future ownership if the options vest and are exercised.

Is the Govind Friedland transaction in Lifezone Metals (LZM) a stock purchase or sale?

The transaction is not a market purchase or sale; it is a grant of stock options coded as an acquisition (A). These options were awarded as compensation, rather than bought or sold on the open market for cash.

What is the vesting schedule of Govind Friedland’s Lifezone Metals (LZM) stock options?

The 13,626 stock options vest in three equal installments over time. They vest on November 3, 2026, May 7, 2027 and May 7, 2028, meaning one-third of the grant becomes exercisable at each of those dates.

What is the exercise price and expiration date of the Lifezone Metals (LZM) options granted?

The stock options carry an exercise price of $4.81 per share. They expire on May 6, 2031 if not exercised, giving Govind Friedland several years after vesting dates to decide whether to convert them into ordinary shares.

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

Following the award, Govind Friedland directly holds 13,626 Lifezone Metals stock options. This reflects his entire option position shown in this filing, all tied to ordinary shares and subject to the specified vesting and expiration terms.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/12/2026 - 12:44 PM Learn about SEC filing dates

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^*

Friedland Govind

(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:

	Govind Friedland	05/12/2026
	** 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)