Form 4: Lithium Americas Senior VP Disposes of Shares to Cover Tax Obligations

Edward Grandy, Senior Vice President, General Counsel & Secretary of Lithium Americas Corp., reported the disposition of 22,792 common shares to satisfy tax withholding obligations.

Summary

• Edward Grandy, the Senior Vice President, General Counsel & Secretary of Lithium Americas Corp. (LAC), filed a Form 4.
• The filing reports a transaction on June 9, 2025, where 22,792 common shares were disposed of.
• The disposition was made to the issuer at a price of $2.74 per share.
• This transaction was coded 'F', indicating a disposition to the issuer to satisfy tax withholding obligations.
• Following this transaction, Edward Grandy beneficially owns 128,363 common shares directly.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine, non-discretionary transaction for tax purposes, which is common for executive compensation and does not reflect a change in management's discretionary view of the company's prospects.

Positives

• The transaction is a routine disposition for tax withholding purposes, which is a common practice for executive compensation.

Negatives

• The disposition of shares, while for tax purposes, reduces the executive's direct ownership in the company.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing pertains to an individual insider transaction and does not provide information relevant to broader industry trends or competitive dynamics within the lithium sector.

Related Party Transactions

• The transaction involves the disposition of shares by an executive (Edward Grandy) to the issuer (Lithium Americas Corp.) to cover tax withholding obligations, which is a standard practice related to equity compensation.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes and does not indicate a change in the executive's investment thesis.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Key Dates

Keywords

Lithium Americas Corp., LAC, Form 4, Insider Transaction, Beneficial Ownership, Edward Grandy, Common Shares, Tax Withholding, Executive Compensation