Lifezone Metals grants 98,228 options to CLO

Lifezone Metals Ltd reported that Chief Legal Officer Davis Spencer received a grant of stock options.

Rhea-AI Filing Summary

Lifezone Metals Ltd reported that Chief Legal Officer Davis Spencer received a grant of stock options. The award covers 98,228 Lifezone Metals Stock Options with an exercise price of $4.81 per share and gives the right to acquire the same number of ordinary shares.

The options were granted at no purchase price and expire on May 6, 2031. According to the footnote, they vest in three equal installments on November 3, 2026, May 7, 2027 and May 7, 2028. After this grant, Spencer holds 98,228 stock options directly.

Insider Trade Summary

Grant/Award: 98,228 shares

Grant/Award 1 txn

Insider Davis Spencer

Role Chief Legal Officer

Type	Security	Shares	Price	Value
Grant/Award	Lifezone Metals Stock Options	98,228	$0.00	$0.00

Holdings After Transaction: Lifezone Metals Stock Options — 98,228 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: 98,228 options Exercise price: $4.81 per share Underlying shares: 98,228 shares +2 more

5 metrics

Options granted 98,228 options Grant to Chief Legal Officer Davis Spencer

Exercise price $4.81 per share Exercise price of Lifezone Metals Stock Options

Underlying shares 98,228 shares Lifezone Metals Ordinary Shares underlying the options

Expiration date May 6, 2031 Option expiration

Post-grant option holdings 98,228 options Total options held after transaction

Key Terms

Lifezone Metals Stock Options, Grant, award, or other acquisition, exercise price, vest in three equal instalments

4 terms

Lifezone Metals Stock Options financial

"security_title: "Lifezone Metals Stock Options""

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

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 in three equal instalments financial

"The Stock Options were granted ... and vest in three equal instalments"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Lifezone Metals (LZM) report for Davis Spencer?

Lifezone Metals reported that Chief Legal Officer Davis Spencer received a grant of 98,228 stock options. These options give him the right to acquire the same number of Lifezone Metals ordinary shares under the company’s equity compensation arrangements.

How many Lifezone Metals stock options were granted to Davis Spencer?

Davis Spencer was granted 98,228 Lifezone Metals Stock Options. Each option is linked to one Lifezone Metals ordinary share, so the grant represents rights over 98,228 underlying shares, subject to vesting and exercise conditions described in the award.

What is the exercise price of Davis Spencer’s Lifezone Metals options?

The exercise price for Davis Spencer’s Lifezone Metals Stock Options is $4.81 per share. This means he can purchase each underlying ordinary share at $4.81 once the options vest and before they expire, according to the grant terms.

When do Davis Spencer’s Lifezone Metals stock options vest?

The options vest in three equal installments on November 3, 2026, May 7, 2027 and May 7, 2028. This schedule means one-third of the 98,228 options becomes exercisable on each vesting date, assuming continued satisfaction of the vesting conditions.

When do the granted Lifezone Metals stock options expire?

The granted Lifezone Metals Stock Options expire on May 6, 2031. After that date, any unexercised options will lapse, so exercising is only possible between the respective vesting dates and the stated expiration date, subject to the plan’s other terms.

How many Lifezone Metals options does Davis Spencer hold after this grant?

Following this grant, Davis Spencer holds 98,228 Lifezone Metals Stock Options directly. This figure reflects the total derivative position reported in the Form 4 and corresponds to the full size of the newly awarded option grant.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 05/11/2026 - 02:40 PM EDT 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^*

Davis Spencer

(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)

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

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		98,228		(1)	05/06/2031	Lifezone Metals Ordinary Share	98,228	$0	98,228	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:

	Spencer Davis	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)