Collard Sylvain 4

What Happened

• Sylvain Collard, President Canada & Group COO of Elevra Lithium Ltd (ELVR), acquired 84,123 shares on March 31, 2026 through the vesting/exercise of previously granted time‑based equity rights. The reported acquisition price was $0.00, so the immediate cash value reported on the Form 4 is $0.

Key Details

• Transaction date: 2026-03-31 (reported on Form 4 filed 2026-04-01).
• Transaction type/code: M — exercise or conversion of a derivative; footnote clarifies this reflects vesting of time‑based equity rights originally granted Dec 31, 2024 (Footnote F1).
• Shares acquired: 84,123; exercise price reported: $0.00; total dollar amount shown on the filing: $0.
• Shares owned after transaction: Not specified in the information provided in this summary (check the full Form 4 for post‑transaction holdings).
• Filing timeliness: Form 4 was filed the next business day (appears timely; no late filing indicated).

Context

• This was a vesting/conversion of equity rights (compensation) rather than an open‑market purchase or sale. The filing does not report any immediate sale of the shares (no cashless exercise or disposition noted), so this transaction mainly reflects compensation vesting rather than a market sentiment trade.