Evans Jonathan David 4

What Happened Jonathan David Evans, President & CEO and Director of Lithium Americas Corp. (LAC), had 46,996 performance-based share units (PSUs) settle/vest on Feb 9, 2026 (reported as an award/grant). To satisfy tax withholding related to the vesting, 23,238 shares were withheld/disposed on Feb 12, 2026 at $4.54 per share, totaling $105,501. Net shares delivered to Evans after withholding were 23,758 (46,996 granted minus 23,238 withheld). The award traces to a PSU grant made Feb 9, 2023 for which the board determined performance criteria were met (footnote).

Key Details

• Award (A): 46,996 shares granted/issued on 2026-02-09 (PSUs from 2023 grant; board determined performance met on 2026-02-09).
• Tax withholding (F): 23,238 shares withheld/disposed on 2026-02-12 at $4.54/share = $105,501.
• Implied gross value of the vested award (using $4.54/share) ≈ $213,362; net value after withholding ≈ $107,861 (approx).
• Net shares retained by insider after withholding: 23,758.
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Filing date: 2026-03-24 — appears to be filed late relative to the Feb 2026 transactions (Form 4 is generally required within two business days).

Context

• This was a vesting/settlement of performance share units (PSUs), not an open-market purchase; the withholding of shares to cover taxes is a routine administrative step and is common when equity awards vest.
• The award originated from a 2023 grant; the board certified achievement of performance goals on Feb 9, 2026 (per footnote).
• Such award vestings are compensation-related and do not necessarily indicate a purchase-based bullish signal; the withheld-sale is for tax obligations, not a voluntary cash sale.