GERSPACHER RICHARD 4

What Happened

• Richard Gerspacher, EVP, Capital Projects at Lithium Americas (LAC), had 17,885 restricted stock units (RSUs) convert to common shares on January 23, 2026. To satisfy tax withholding, 8,900 of those shares were surrendered at a withholding price of $6.47/share (total ~$57,583). The net shares delivered to him were 8,985 (17,885 vested minus 8,900 withheld).
• This was not a market sale but a routine tax-withholding disposition tied to RSU vesting (not a cash purchase or open-market sale).

Key Details

• Transaction date: January 23, 2026; Form 4 filed January 27, 2026 (filed on time within required period).
• Vesting/conversion: 17,885 RSUs converted to common shares (derivative conversion).
• Tax withholding: 8,900 shares withheld at $6.47 each for ~$57,583 (reported as a disposition to cover tax liability).
• Net shares received: 8,985 (17,885 vested − 8,900 withheld).
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes: F1 clarifies an RSU represents a right to one share; F2 notes these RSUs were granted on Jan 23, 2024 and vest one-third annually beginning Jan 2025.

Context

• This is a routine RSU vesting event with shares withheld for taxes (common practice). It is not an open-market sale or an indication of a new purchase. Purchases by insiders can be more informative about bullish sentiment; withholding-to-cover tax events are standard administrative actions.