Evans Jonathan David 4

What Happened

• Jonathan David Evans, President & CEO and Director of Lithium Americas Corp. (LAC), was granted a total of 228,279 restricted share units (RSUs) on January 29, 2026. The awards are reported as awards/grants (code A) at a $0.00 price: 82,172 RSUs and 146,107 RSUs. These are not open‑market purchases or sales but equity awards that convert to shares if and when they vest.

Key Details

• Transaction date: January 29, 2026; filing date: March 31, 2026 (the filing appears late relative to the trade date).
• Reported price: $0.00 for both grants (typical for RSU awards — no cash purchase price).
• Grant breakdown: 82,172 RSUs (short‑term) + 146,107 RSUs (long‑term) = 228,279 RSUs total.
• Vesting notes:
  • 82,172 RSUs vest 100% 60 days from grant date (per F1).
  • 146,107 RSUs vest 1/3 annually on each anniversary of the grant, beginning in 2027 (per F3).
  • Each RSU represents a contingent right to receive one share of common stock upon vesting (per F2).
• Shares owned after the transaction: not disclosed in the provided Form 4 summary.
• Transaction code: A = Award/Grant; the second grant was recorded as a derivative award (RSU).

Context

• RSU grants are compensation, not open‑market trades; they become shares only if vesting conditions are met and generally do not reflect an immediate cash investment or sale.
• The filing was submitted about two months after the grant date. Late Form 4s can delay public transparency about insider holdings; investors should note the timing but not assume motive from grants alone.