STOCK TITAN
  1. Home
  2. Sec-filings
  3. LZM
  4. [Form 4] Lifezone Metals Ltd Insider Trading Activity

Lifezone Metals (LZM) CEO exercises RSUs and withholds shares for taxes

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Lifezone Metals Ltd Chief Executive Officer Christopher Michael Showalter exercised restricted stock units and had shares withheld for taxes. On April 7, 2026, he exercised 113,334 Lifezone Metals Restricted Stock Units at a nominal price of $0.0001 per unit, receiving an equal number of ordinary shares. Between April 7 and April 13, 2026, 46,525 ordinary shares were disposed of as a tax-withholding transaction at a weighted average price of $3.938 per share, based on individual prices ranging from $3.66 to $4.16. After these transactions, he directly owned 2,849,677 ordinary shares. The RSU award represented a contingent right to receive ordinary shares and vests in three equal installments on April 7, 2026, September 7, 2026 and April 7, 2027, leaving 220,000 RSUs outstanding following the reported exercise.

Positive

  • None.

Negative

  • None.
Insider Showalter Christopher Michael
Role Chief Executive Officer
Type Security Shares Price Value
Tax Withholding Lifezone Metals Ordinary Share 46,525 $3.938 $183K
Exercise Lifezone Metals Restricted Stock Units 113,334 $0.0001 $11.33
Exercise Lifezone Metals Ordinary Share 113,334 $0.0001 $11.33
Holdings After Transaction: Lifezone Metals Ordinary Share — 2,849,677 shares (Direct); Lifezone Metals Restricted Stock Units — 220,000 shares (Direct)
Footnotes (1)
  1. Transaction date includes trading dates starting from April 7, 2026 and ending on April 13, 2026 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.66 to $4.16, inclusive. The reporting person undertakes to provide the staff of the Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote. Each Restricted Stock Unit represents a contingent right to receive one ordinary share of Lifezone Metals Limited. RSUs vest equally in three installments on April 7, 2026, September 7, 2026 and April 7, 2027.
RSUs exercised 113,334 units Lifezone Metals Restricted Stock Units exercised on April 7, 2026
Exercise price $0.0001 per unit Price per Lifezone Metals RSU converted to ordinary shares
Shares for tax withholding 46,525 shares Ordinary shares disposed of in tax-withholding transaction between April 7 and April 13, 2026
Weighted average price $3.938 per share Weighted average for tax-withholding shares, range $3.66–$4.16
Shares owned after transactions 2,849,677 shares Lifezone Metals ordinary shares directly owned by CEO after reported events
RSUs remaining 220,000 units Lifezone Metals Restricted Stock Units outstanding after the exercise
RSU vesting schedule Three equal installments Vesting on April 7, 2026, September 7, 2026 and April 7, 2027
Restricted Stock Unit financial
"Lifezone Metals Restricted Stock Units vest equally in three installments"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
weighted average price financial
"The reported price is a weighted average price for multiple transactions"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
tax-withholding disposition financial
"Transaction code F reflects a tax-withholding disposition of ordinary shares"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"Exercise or conversion of derivative security described for RSU transaction"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
contingent right financial
"Each Restricted Stock Unit represents a contingent right to receive one ordinary share"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Showalter Christopher Michael
(Last)(First)(Middle)
2ND FLOOR, ST GEORGE'S COURT
UPPER CHURCH STREET,
(Street)
DOUGLASIM1 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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/07/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Lifezone Metals Ordinary Share04/07/2026M113,334A$0.00012,896,202D
Lifezone Metals Ordinary Share04/13/2026(1)F46,525D$3.938(2)2,849,677D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Lifezone Metals Restricted Stock Units(3)04/07/2026M113,334 (4) (4)Lifezone Metals Ordinary Share113,334$0.0001220,000D
Explanation of Responses:
1. Transaction date includes trading dates starting from April 7, 2026 and ending on April 13, 2026
2. The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.66 to $4.16, inclusive. The reporting person undertakes to provide the staff of the Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.
3. Each Restricted Stock Unit represents a contingent right to receive one ordinary share of Lifezone Metals Limited.
4. RSUs vest equally in three installments on April 7, 2026, September 7, 2026 and April 7, 2027.
Remarks:
Chris Showalter04/15/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Lifezone Metals (LZM) CEO Christopher Showalter do in this Form 4 filing?

Christopher Showalter exercised 113,334 restricted stock units into ordinary shares and had 46,525 shares disposed of in a tax-withholding transaction. After these events, he directly held 2,849,677 Lifezone Metals ordinary shares, reflecting a routine equity compensation and tax-settlement process.

How many Lifezone Metals (LZM) RSUs did the CEO exercise and at what price?

The CEO exercised 113,334 Lifezone Metals Restricted Stock Units at a nominal exercise price of $0.0001 per unit, receiving an equal number of ordinary shares. Each RSU represented a contingent right to one ordinary share under the company’s equity compensation arrangements.

How many Lifezone Metals (LZM) shares were used for the CEO’s tax withholding?

A total of 46,525 Lifezone Metals ordinary shares were disposed of as a tax-withholding transaction related to the equity event. The weighted average price for these shares was $3.938, with individual transaction prices ranging between $3.66 and $4.16 per share, inclusive.

What are Christopher Showalter’s Lifezone Metals (LZM) holdings after these transactions?

Following the reported transactions, Christopher Showalter directly owned 2,849,677 Lifezone Metals ordinary shares. He also had 220,000 Restricted Stock Units remaining outstanding, which continue to represent contingent rights to receive additional ordinary shares as they vest over time.

How do the Lifezone Metals (LZM) RSUs for the CEO vest over time?

The Restricted Stock Units reported for the CEO vest in three equal installments. The vesting dates are April 7, 2026, September 7, 2026 and April 7, 2027. Each vested RSU entitles him to receive one Lifezone Metals ordinary share upon settlement.

Were the Lifezone Metals (LZM) CEO’s transactions open-market buys or sales?

The filing identifies a derivative exercise and a tax-withholding disposition rather than open-market purchases or sales. Code M reflects the RSU exercise, while code F reflects the tax-withholding transaction, both connected to the company’s equity compensation and related tax obligations.