ZAWADZKI ALEXI ILLYA 4

What Happened

• Alexi I. Zawadzki, VP Resource Development at Lithium Americas (LAC), converted 12,002 restricted stock units (RSUs) into common shares on January 23, 2026. Of those, 6,668 shares were surrendered/withheld to cover tax withholding at an implied value of US$6.45 per share (total ~$43,009), leaving a net 5,334 shares issued to him.
• Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = payment of tax liability via share withholding. One filing line shows a $0.00 per-share disposition related to the derivative conversion (administrative settlement).

Key Details

• Transaction date: January 23, 2026; Form 4 filed January 27, 2026.
• Shares converted: 12,002 RSUs -> 12,002 common shares; Shares withheld for taxes: 6,668 at US$6.45 per share (value ~$43,009, converted from C$8.86 using C$1.3732 = US$1.00).
• Net shares received by insider: 5,334 (12,002 − 6,668).
• Footnotes: F1 explains an RSU represents a right to one common share; F2 explains CAD→USD conversion; F3 notes these RSUs were granted Jan 23, 2024 and vest 1/3 annually beginning in 2025.
• Shares owned after transaction: not disclosed in the excerpt of the filing.
• No 10b5-1 plan or other special trading plan was indicated in the provided details.

Context

• This was not an open-market purchase or sale for investment gain but a routine settlement of RSUs with shares withheld to cover taxes (common practice). Such withholding transactions are administrative and do not, by themselves, indicate the insider’s market sentiment.