BROWN MICHAEL JOHN 4

What Happened
Michael John Brown, a director of Lithium Americas Corp. (LAC), received a grant of 12,312 deferred share units (DSUs) on 2026-07-06. The grant is recorded as an award/derivative (code A) at $0.00 per unit (total reported value $0). These DSUs represent the right to receive one common share per DSU but are not issued shares today and do not carry voting or dispositive rights while Brown remains a director.

Key Details

• Transaction date: 2026-07-06; filing date: 2026-07-08 (timely Form 4 filing).
• Award: 12,312 DSUs @ $0.00 (derivative award); reported value $0.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: Each DSU converts to one common share only upon termination of the reporting person's employment or directorship; no voting/dispositive rights before then. U.S. participants: settlement occurs 6 months after termination; non-U.S. participants: settlement on the 20th business day after termination.
• Transaction code: A = Award/Grant (derivative).

Context
DSU grants are a common form of director compensation and are not the same as an open-market purchase or sale; they do not immediately increase the director's voting stake in the company. This grant does not itself signal buying or selling activity in the market — it is a deferred, non-voting award that will convert to shares only upon termination under the timelines noted above.