Adams Michael David 4

What Happened

• Michael David Adams, Chief Technology Officer of Lifezone Metals Ltd (LZM), received a grant of 129,448 stock options on May 7, 2026. The grant was recorded as an acquisition at $0.00 (a derivative award), so no cash changed hands at grant.
• This was an award/grant (A), not a market purchase or sale.

Key Details

• Transaction date: May 7, 2026; Filing date (Form 4): May 12, 2026 — filing was marked late.
• Instrument: Stock options (derivative), 129,448 options granted; acquisition price reported as $0.00.
• Vesting (footnote): options vest in three equal instalments on Nov 3, 2026; May 7, 2027; and May 7, 2028.
• Shares owned after transaction: Not specified in the provided filing details.
• No exercise or sale reported — these are grant/award options, not exercised or cashed out.

Context

• This is a standard equity compensation grant to an executive; it does not represent an open-market purchase or sale. Such awards are typically part of compensation and retention packages and should be interpreted as compensation-related rather than a direct market-confidence signal.
• Because the filing was submitted after the Form 4 deadline, the late filing may be noted by investors but does not change the nature of the grant.