CROWLEY TIMOTHY AMBROSE 4

What Happened
Timothy Ambrose Crowley, SVP Government & External Affairs at Lithium Americas (LAC), had 7,836 restricted share units (RSUs) convert into 7,836 common shares on February 9, 2026 (reported on a Form 4 filed Feb 11, 2026). The filing shows an acquisition/conversion of 7,836 shares (derivative conversion, code M) and a simultaneous disposition of 7,836 shares at $0.00, yielding $0 in cash proceeds. The conversion reflects award vesting rather than an open‑market purchase or sale.

Key Details

• Transaction date: February 9, 2026; Form 4 filed February 11, 2026 (timely).
• Reported transactions: 7,836 shares acquired via derivative conversion (code M); 7,836 shares disposed at $0.00 (derivative).
• Reported cash proceeds from the disposition: $0.00.
• Shares owned after the transaction: not disclosed in the provided filing details.
• Footnotes: F1 — each RSU represents the right to one share; F2 — these RSUs were granted Feb 9, 2023 and vest 1/3 annually beginning in 2024 (this is a scheduled vesting tranche).
• No indication in the filing of an open‑market sale or purchase plan (e.g., 10b5‑1) or of a late filing.

Context
This activity is a routine conversion of vested RSUs into common shares. The disposition at $0.00 is consistent with a non‑cash transfer (commonly used to satisfy tax withholding or similar obligations) rather than a cash sale on the market, so it does not represent a market-driven sale by the insider. Such compensation‑related vesting events are typical and do not, by themselves, signal insider buying or selling intent.