ZAWADZKI ALEXI ILLYA 4

What Happened

• Alexi I. Zawadzki, VP Resource Development at Lithium Americas (LAC), had RSUs convert to common shares on April 10, 2026. The filing shows 17,712 shares acquired via conversion (derivative code M).
• To cover tax/withholding obligations (code F), 27,806 shares were surrendered at $4.13 per share, totaling $114,839. The Form 4 also lists a related derivative entry of 17,712 shares at $0 (reporting convention for the conversion/cancellation of the RSUs).
• This is not an open‑market purchase; it reflects vesting/conversion of restricted share units and routine share withholding to satisfy taxes.

Key Details

• Transaction date: April 10, 2026; Form 4 filed April 14, 2026.
• Reported entries: M (conversion/exercise) — 17,712 shares acquired; F (tax/payment) — 27,806 shares disposed at $4.13/share for $114,839; an additional M line lists 17,712 shares at $0 (derivative reporting).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: F1 — each RSU equals a contingent right to one common share; F3 — these RSUs came from a 53,136 RSU grant on April 10, 2025 that vests one‑third annually beginning 2026. F2 notes a C$→US$ conversion used in pricing.
• Filing appears timely (transaction 4/10, Form 4 filed 4/14).

Context

• This was a vesting/conversion of restricted share units (RSUs), not a buy or sale for profit. The surrender of shares to cover taxes is a common, routine outcome of RSU vesting (a cashless settlement/withholding), and does not by itself signal a buy or sell decision by the insider.
• Derivative reporting (code M) and $0 lines can reflect the administrative conversion/cancellation of RSUs as they convert into issued shares.