GERSPACHER RICHARD 4

What Happened

• Richard Gerspacher, EVP, Capital Projects at Lithium Americas (LAC), was granted/received 23,746 performance share units (PSUs) that vested/settled on Feb 9, 2026 (acquired at $0). To cover tax withholding, 11,742 of those shares were surrendered/withheld on Feb 12 at $4.54 per share, for a cash value of approximately $53,309 (disposition to satisfy tax liability).

Key Details

• Transaction dates: Feb 9, 2026 (award/acquisition); Feb 12, 2026 (tax withholding/disposition).
• Award: 23,746 PSUs acquired at $0.00 per share (no cash purchase).
• Withholding: 11,742 shares disposed at $4.54 per share, totaling ~$53,309 to cover taxes.
• Shares owned after transaction: not specified in the filing.
• Footnote: The PSUs were originally granted on Feb 9, 2023; the board certified that the performance criteria were met on Feb 9, 2026 (F1).
• Filing timeliness: Form 4 was filed Mar 24, 2026 — more than the typical 2-business-day deadline after the Feb transactions (late filing).

Context

• This was an award settlement (performance-based equity) rather than an open-market purchase or sale. The withholding of roughly half the award (~49.5%) to cover taxes is a routine administrative step and should not be read as an open-market sale signaling sentiment. For retail investors, awards and related tax withholdings are common compensation mechanics and do not necessarily reflect an insider’s view on the company’s near-term prospects.