GRANDY EDWARD 4

What Happened

• Edward Grandy, Senior Vice President, General Counsel & Secretary of Lithium Americas (LAC), had 8,707 restricted share units (RSUs) convert to common shares on 2026-02-09 (reported on Form 4 filed 2026-02-11). The filing shows 8,707 shares acquired via conversion/exercise of a derivative (code M) and 8,707 shares disposed at $0.00 (derivative). No cash purchase price is reported for the acquisition; the disposal shows $0 proceeds.

Key Details

• Transaction date: 2026-02-09; Form 4 filed: 2026-02-11 (timely).
• Acquisition: 8,707 shares by exercise/conversion of a derivative (code M); price: N/A.
• Disposal: 8,707 shares reported disposed at $0.00 (total $0).
• Shares owned after transaction: not disclosed in the provided excerpt.
• Footnotes: F1—each RSU represents a contingent right to one share. F2—these RSUs were granted on Feb 9, 2023 and vest one‑third annually beginning in 2024 (this action is consistent with the scheduled vesting).
• Filing timeliness: Filed two days after the vesting date; no late filing indicated.

Context

• This appears to be the conversion/vesting of RSUs rather than an open‑market purchase or sale. The equal number of shares disposed at $0.00 is consistent with shares being withheld or surrendered to satisfy tax withholding obligations on vesting (common in RSU settlements), meaning no cash proceeds to the insider. Such vesting transactions are routine compensation events and do not necessarily signal a change in insider sentiment.