Evans Jonathan David 4

What Happened

• Jonathan David Evans, President & CEO and a director of Lithium Americas (LAC), had 51,838 restricted stock units (RSUs convertible to common shares) vest/convert on January 23, 2026. The RSUs converted at $0 exercise price (typical for RSUs). To cover taxes, 24,068 shares were withheld/disposed at $6.47 per share, totaling $155,720. Net shares delivered to Evans were about 27,770 (51,838 vested − 24,068 withheld).

Key Details

• Transaction date: 2026-01-23.
• Vesting/conversion: 51,838 RSUs → 51,838 common shares (recorded as derivative conversion, code M).
• Tax withholding/disposition: 24,068 shares withheld at $6.47/share = $155,720 (code F).
• Net new shares to insider: ~27,770 shares.
• Footnotes: F1 confirms RSUs convert 1:1 to common stock; F3 notes the RSUs were granted Jan 23, 2024 and vest 1/3 annually starting 2025; F2 corrects a one-share rounding error from 2025 vesting.
• Filing timeliness: Form filed 2026-01-27 for a 2026-01-23 transaction — appears to be timely (filed within the SEC’s two business days).

Context

• This was RSU vesting/settlement, not an open-market sale or purchase. The withholding is a standard tax-satisfaction action (often called a cashless or share-withhold settlement) and should not be read as a market sell decision. The filing shows conversion of the derivative award into shares and share withholding to cover taxes.