Lifezone Metals (LZM) CEO Showalter Sells 48,949 Shares to Cover Taxes

What Happened

• Christopher Michael Showalter, CEO of Lifezone Metals Ltd (LZM), had 110,000 restricted stock units (RSUs) convert to ordinary shares and sold 48,949 of those shares to cover tax obligations. The sale generated approximately $197,754 at a weighted-average price of $4.04 per share (sales ranged $3.81–$4.35). The RSU conversions are reported at a $0.00 acquisition price (nominal reporting).

Key Details

• Transaction dates: conversions and sales occurred beginning Sept 7, 2026 (footnote indicates trading dates Sept 7–10, 2026).
• Sale details: 48,949 shares sold, weighted average price $4.04; reported price range $3.81–$4.35. The filer can provide per-trade breakdown to the SEC on request (footnote).
• Conversions: 110,000 RSUs converted to ordinary shares (each RSU = 1 share); RSUs vest equally on Apr 7, 2026, Sept 7, 2026 and Apr 7, 2027 (footnotes).
• Transaction codes: conversion of derivative securities (C) and payment for tax liability/withholding (F).
• Shares owned after transaction: not provided in the supplied data.
• Filing timeliness: Form filed Sept 14, 2026 while transactions began Sept 7–10, 2026 — this appears later than the typical 2-business-day Form 4 deadline and may be a late filing.

Context

• This appears to be a routine vesting of RSUs with a partial sale to satisfy tax withholding (common and not necessarily a signal about the CEO’s view of the company). The RSUs converted to shares and a portion was sold immediately for taxes (a cashless-like outcome for withholding).