Reported relationships
Latest disclosed role at each company.
| Company | Last reported as | Report date | Published |
|---|---|---|---|
| LITHIUM AMERICAS CORP.LAC · Entity 4908 | EVP, Capital Projects | April 10, 2026 | April 15, 2026 |
Disclosed balances
About these balances
Latest available filing per company, not a reconstructed current portfolio. Matching sequences show the last reported balance with all source rows expandable; grouping alone does not establish account ownership. Do not add unresolved positions together. Filings may omit unchanged positions, and amendments may correct only part of an older disclosure. Jointly reported shares are not necessarily this owner's personal holdings.
LITHIUM AMERICAS CORP.
Report date April 10, 2026 · Filed April 15, 2026
| Security / award | Ownership account | Disclosed shares / units | Disclosure context |
|---|---|---|---|
| Common SharesSEC Table I · non-derivative | Direct | 146,838 |
Ending reported balance
After 2026-04-10 transaction · row 2
2 source rows · reconciled sequenceRow 1 · 2026-04-10 · Exercise / conversion · Acquired 34,239 · Balance 184,105 Row 2 · 2026-04-10 · Tax withholding · Disposed 37,267 · Balance 146,838 |
| Restricted Share Units ("RSUs")SEC Table II · derivative / convertible security | Direct | 68,478 |
Reported balance
After 2026-03-27 transaction · row 3
Instrument identity requires review; Table II rows are not merged.
1 source rowRow 3 · 2026-03-27 · Other · Disposed 34,239 · Balance 68,478 F1: Each restricted share unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. F2: Represents grant of 102,717 RSUs on April 10, 2025, which vest 1/3 annually on the anniversary date of the grant, beginning in 2026. |
Filing footnotes · ownership attribution and instrument terms
F1: Each restricted share unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
F2: Represents grant of 102,717 RSUs on April 10, 2025, which vest 1/3 annually on the anniversary date of the grant, beginning in 2026.
Transaction history
JSON APIPurchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”
The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.
| Transaction date | Company | Activity / security | Shares / units | Reported price | Reported value | Details |
|---|---|---|---|---|---|---|
| April 10, 2026 Filed Apr 15, 2026 00:14 UTC | LITHIUM AMERICAS CORP. LAC · Entity 4908 | Tax withholdingCommon Shares | 37,267 | $4.17 | $155,403.39 |
DisclosureSEC source: 0000912282-26-000597 · form4.xml · nonDerivative · entry 2 GERSPACHER RICHARD · CIK 0002045424 · EVP, Capital Projects 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 146,838 Read SEC document |
| April 10, 2026 Filed Apr 15, 2026 00:14 UTC | LITHIUM AMERICAS CORP. LAC · Entity 4908 | Exercise / conversionCommon Shares | 34,239 | $0.00 | $0.00 |
DisclosureSEC source: 0000912282-26-000597 · form4.xml · nonDerivative · entry 1 GERSPACHER RICHARD · CIK 0002045424 · EVP, Capital Projects 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 184,105 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| March 27, 2026 Filed Apr 15, 2026 00:14 UTC | LITHIUM AMERICAS CORP. LAC · Entity 4908 | OtherRestricted Share Units ("RSUs") · Derivative | 34,239 | $0.00 | $0.00 |
DisclosureSEC source: 0000912282-26-000597 · form4.xml · derivative · entry 3 GERSPACHER RICHARD · CIK 0002045424 · EVP, Capital Projects 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 68,478 Underlying: Common Shares · 34,239 shares Expires not disclosed F1 · derivative.exercise_price: Each restricted share unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. F2 · derivative.exercise_date: Represents grant of 102,717 RSUs on April 10, 2025, which vest 1/3 annually on the anniversary date of the grant, beginning in 2026. F2 · derivative.expiration_date: Represents grant of 102,717 RSUs on April 10, 2025, which vest 1/3 annually on the anniversary date of the grant, beginning in 2026. Read SEC document |
| February 12, 2026 Filed Mar 24, 2026 21:24 UTC | LITHIUM AMERICAS CORP. LAC · Entity 4908 | Tax withholdingCommon Shares | 11,742 | $4.54 | $53,308.68 |
DisclosureSEC source: 0000912282-26-000494 · form4.xml · nonDerivative · entry 2 GERSPACHER RICHARD · CIK 0002045424 · EVP, Capital Projects 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 149,866 Read SEC document |
| February 09, 2026 Filed Mar 24, 2026 21:24 UTC | LITHIUM AMERICAS CORP. LAC · Entity 4908 | GrantCommon Shares | 23,746 | $0.00 | $0.00 |
DisclosureSEC source: 0000912282-26-000494 · form4.xml · nonDerivative · entry 1 GERSPACHER RICHARD · CIK 0002045424 · EVP, Capital Projects 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 161,608 F1 · shares: Represents grant of performance share units on February 9, 2023, for which the board determined the performance criteria to be met on [February 9, 2026]. Read SEC document |
| January 29, 2026 Filed Feb 3, 2026 01:14 UTC | LITHIUM AMERICAS CORP. LAC · Entity 4908 | GrantRestricted Share Units · Derivative | 55,403 | $0.00 | $0.00 |
DisclosureSEC source: 0000912282-26-000234 · form4.xml · derivative · entry 2 GERSPACHER RICHARD · CIK 0002045424 · EVP, Capital Projects 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 55,403 Underlying: Common Shares · 55,403 shares Expires not disclosed F2 · derivative.exercise_price: Each restricted share unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. F3 · derivative.exercise_date: Represents grant of RSUs on January 29, 2026, which vest 1/3 annually on the anniversary of the grant date, beginning in 2027. F3 · derivative.expiration_date: Represents grant of RSUs on January 29, 2026, which vest 1/3 annually on the anniversary of the grant date, beginning in 2027. Read SEC document |
| January 29, 2026 Filed Feb 3, 2026 01:14 UTC | LITHIUM AMERICAS CORP. LAC · Entity 4908 | GrantCommon Shares | 44,434 | $0.00 | $0.00 |
DisclosureSEC source: 0000912282-26-000234 · form4.xml · nonDerivative · entry 1 GERSPACHER RICHARD · CIK 0002045424 · EVP, Capital Projects 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 137,862 F1 · shares: Represents grant of short-term restricted share units which vest 100% 60 days from the grant date. Read SEC document |
| January 23, 2026 Filed Jan 28, 2026 00:36 UTC | LITHIUM AMERICAS CORP. LAC · Entity 4908 | Exercise / conversionRestricted Share Units · Derivative | 17,885 | $0.00 | $0.00 |
DisclosureSEC source: 0000912282-26-000145 · form4.xml · derivative · entry 3 GERSPACHER RICHARD · CIK 0002045424 · EVP, Capital Projects 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 17,884 Underlying: Common Shares · 17,885 shares Expires not disclosed Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · derivative.exercise_price: Each restricted share unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. F2 · derivative.exercise_date: Represents grant of RSUs on January 23, 2024, which vest 1/3 annually beginning in January of 2025. F2 · derivative.expiration_date: Represents grant of RSUs on January 23, 2024, which vest 1/3 annually beginning in January of 2025. Read SEC document |
| January 23, 2026 Filed Jan 28, 2026 00:36 UTC | LITHIUM AMERICAS CORP. LAC · Entity 4908 | Tax withholdingCommon Shares | 8,900 | $6.47 | $57,583.00 |
DisclosureSEC source: 0000912282-26-000145 · form4.xml · nonDerivative · entry 2 GERSPACHER RICHARD · CIK 0002045424 · EVP, Capital Projects 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 93,428 Read SEC document |
| January 23, 2026 Filed Jan 28, 2026 00:36 UTC | LITHIUM AMERICAS CORP. LAC · Entity 4908 | Exercise / conversionCommon Shares | 17,885 | Not disclosed | Not disclosed |
DisclosureSEC source: 0000912282-26-000145 · form4.xml · nonDerivative · entry 1 GERSPACHER RICHARD · CIK 0002045424 · EVP, Capital Projects 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 102,328 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · price: Each restricted share unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. Read SEC document |
| November 14, 2025 Filed Nov 18, 2025 22:58 UTC | LITHIUM AMERICAS CORP. LAC · Entity 4908 | SaleCommon Shares | 6,118 | $4.50 | $27,531.00 |
DisclosureSEC source: 0000912282-25-001261 · form4.xml · nonDerivative · entry 2 GERSPACHER RICHARD · CIK 0002045424 · EVP, Capital Projects 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 145,641 Read SEC document |
| October 24, 2025 Filed Nov 18, 2025 22:58 UTC | LITHIUM AMERICAS CORP. LAC · Entity 4908 | Exercise / conversionRestricted Share Units · Derivative | 12,870 | $0.00 | $0.00 |
DisclosureSEC source: 0000912282-25-001261 · form4.xml · derivative · entry 3 GERSPACHER RICHARD · CIK 0002045424 · EVP, Capital Projects 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 25,740 Underlying: Common Shares · 12,870 shares Expires not disclosed Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · derivative.exercise_price: Each restricted share unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. F2 · derivative.exercise_date: Represents grant of RSUs on October 24, 2023, which vest as follows: 1/3 on October 24, 2024; 1/3 on October 24, 2025; and 1/3 on October 24, 2026. As of the date of this Form 3, 38,610 unvested RSUs remain. F2 · derivative.expiration_date: Represents grant of RSUs on October 24, 2023, which vest as follows: 1/3 on October 24, 2024; 1/3 on October 24, 2025; and 1/3 on October 24, 2026. As of the date of this Form 3, 38,610 unvested RSUs remain. Read SEC document |
| October 24, 2025 Filed Nov 18, 2025 22:58 UTC | LITHIUM AMERICAS CORP. LAC · Entity 4908 | Exercise / conversionCommon Shares | 12,870 | Not disclosed | Not disclosed |
DisclosureSEC source: 0000912282-25-001261 · form4.xml · nonDerivative · entry 1 GERSPACHER RICHARD · CIK 0002045424 · EVP, Capital Projects 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 151,759 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · price: Each restricted share unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. Read SEC document |
| October 16, 2025 Filed Oct 20, 2025 21:36 UTC | LITHIUM AMERICAS CORP. LAC · Entity 4908 | SaleCommon Shares | 61,198 | $6.78 | $414,922.44 |
DisclosureSEC source: 0000912282-25-001100 · form4.xml · nonDerivative · entry 2 GERSPACHER RICHARD · CIK 0002045424 · EVP, Capital Projects 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 77,691 F2 · price: The sale price reported above is a weighted average price. These shares were sold in multiple transactions at prices ranging from C$9.48 to C$9.505, inclusive. The reporting person undertakes to provide to Lithium Americas Corp., any security holder of Lithium Americas Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The average weighted price of C$9.4970 converted to U.S. dollars using an exchange rate of C$1.40 = US$1.00. Read SEC document |
| October 16, 2025 Filed Oct 20, 2025 21:36 UTC | LITHIUM AMERICAS CORP. LAC · Entity 4908 | SaleCommon Shares | 2,000 | $7.18 | $14,360.00 |
DisclosureSEC source: 0000912282-25-001100 · form4.xml · nonDerivative · entry 1 GERSPACHER RICHARD · CIK 0002045424 · EVP, Capital Projects 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 138,889 F1 · price: Converted from Canadian sale price of C$10.05 using an exchange rate of C$1.40 = US$1.00. Read SEC document |
| October 16, 2025 Filed Oct 20, 2025 21:31 UTC Amendment | LITHIUM AMERICAS CORP. LAC · Entity 4908 | Exercise / conversionRestricted Share Units · Derivative | 17,884 | $0.00 | $0.00 |
DisclosureSEC source: 0000912282-25-001098 · form4a.xml · derivative · entry 2 GERSPACHER RICHARD · CIK 0002045424 · EVP, Capital Projects 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 35,769 Underlying: Common Shares · 17,884 shares Expires not disclosed Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · derivative.exercise_price: Represents grant of RSUs on January 23, 2024, which vest 1/3 annually beginning in 2025. F2 · derivative.exercise_date: Each restricted share unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. F2 · derivative.expiration_date: Each restricted share unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. Read SEC document |
| June 09, 2025 Filed Jun 11, 2025 16:39 UTC | LITHIUM AMERICAS CORP. LAC · Entity 4908 | Tax withholdingCommon Shares | 42,893 | $2.74 | $117,526.82 |
DisclosureSEC source: 0000912282-25-000644 · form4.xml · nonDerivative · entry 1 GERSPACHER RICHARD · CIK 0002045424 · EVP, Capital Projects 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 154,187 Read SEC document |
| April 10, 2025 Filed Apr 15, 2025 01:36 UTC | LITHIUM AMERICAS CORP. LAC · Entity 4908 | GrantRestricted Share Units · Derivative | 102,717 | $0.00 | $0.00 |
DisclosureSEC source: 0000912282-25-000425 · form4.xml · derivative · entry 2 GERSPACHER RICHARD · CIK 0002045424 · EVP, Capital Projects 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 102,717 Underlying: Common Shares · 102,717 shares Expires not disclosed F2 · derivative.exercise_price: Each restricted share unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. F3 · derivative.exercise_date: Represents grant of RSUs on April 10, 2025, which vest 1/3 annually beginning in 2026. F3 · derivative.expiration_date: Represents grant of RSUs on April 10, 2025, which vest 1/3 annually beginning in 2026. Read SEC document |
| April 10, 2025 Filed Apr 15, 2025 01:36 UTC | LITHIUM AMERICAS CORP. LAC · Entity 4908 | GrantCommon Shares | 91,830 | $0.00 | $0.00 |
DisclosureSEC source: 0000912282-25-000425 · form4.xml · nonDerivative · entry 1 GERSPACHER RICHARD · CIK 0002045424 · EVP, Capital Projects 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 197,080 F1 · shares: Represents grant of short-term restricted share units which vest 100% 60 days from the grant date. Read SEC document |
| February 09, 2025 Filed Apr 15, 2025 01:32 UTC | LITHIUM AMERICAS CORP. LAC · Entity 4908 | Exercise / conversionRestricted Share Units · Derivative | 4,356 | $0.00 | $0.00 |
DisclosureSEC source: 0000912282-25-000423 · form4.xml · derivative · entry 4 GERSPACHER RICHARD · CIK 0002045424 · EVP, Capital Projects 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 4,356 Underlying: Common Shares · 4,356 shares Expires not disclosed Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · derivative.exercise_price: Each restricted share unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. F3 · derivative.exercise_date: Represents grant of RSUs on February 9, 2023, which vests 1/3 annually beginning in 2024. F3 · derivative.expiration_date: Represents grant of RSUs on February 9, 2023, which vests 1/3 annually beginning in 2024. Read SEC document |
| February 09, 2025 Filed Apr 15, 2025 01:32 UTC | LITHIUM AMERICAS CORP. LAC · Entity 4908 | Exercise / conversionCommon Shares | 4,356 | $0.00 | $0.00 |
DisclosureSEC source: 0000912282-25-000423 · form4.xml · nonDerivative · entry 2 GERSPACHER RICHARD · CIK 0002045424 · EVP, Capital Projects 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 105,250 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| February 09, 2025 Filed Apr 17, 2025 01:46 UTC Amendment | LITHIUM AMERICAS CORP. LAC · Entity 4908 | Exercise / conversionRestricted Share Units · Derivative | 4,356 | $0.00 | $0.00 |
DisclosureSEC source: 0000912282-25-000446 · form4.xml · derivative · entry 4 GERSPACHER RICHARD · CIK 0002045424 · EVP, Capital Projects 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 4,356 Underlying: Common Shares · 4,356 shares Expires not disclosed Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · derivative.exercise_price: Each restricted share unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. F3 · derivative.exercise_date: Represents grant of RSUs on February 9, 2023, which vests 1/3 annually beginning in 2024. F3 · derivative.expiration_date: Represents grant of RSUs on February 9, 2023, which vests 1/3 annually beginning in 2024. Read SEC document |
| February 09, 2025 Filed Apr 17, 2025 01:46 UTC Amendment | LITHIUM AMERICAS CORP. LAC · Entity 4908 | Exercise / conversionCommon Shares | 4,356 | $0.00 | $0.00 |
DisclosureSEC source: 0000912282-25-000446 · form4.xml · nonDerivative · entry 2 GERSPACHER RICHARD · CIK 0002045424 · EVP, Capital Projects 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 96,308 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| January 23, 2025 Filed Apr 15, 2025 01:32 UTC | LITHIUM AMERICAS CORP. LAC · Entity 4908 | Exercise / conversionRestricted Share Units · Derivative | 26,826 | $0.00 | $0.00 |
DisclosureSEC source: 0000912282-25-000423 · form4.xml · derivative · entry 3 GERSPACHER RICHARD · CIK 0002045424 · EVP, Capital Projects 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 26,827 Underlying: Common Shares · 26,826 shares Expires not disclosed Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · derivative.exercise_price: Each restricted share unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. F2 · derivative.exercise_date: Represents grant of RSUs on January 21, 2023, which vests 1/3 annually over beginning in 2024. F2 · derivative.expiration_date: Represents grant of RSUs on January 21, 2023, which vests 1/3 annually over beginning in 2024. Read SEC document |
| January 23, 2025 Filed Apr 15, 2025 01:32 UTC | LITHIUM AMERICAS CORP. LAC · Entity 4908 | Exercise / conversionCommon Shares | 26,826 | $0.00 | $0.00 |
DisclosureSEC source: 0000912282-25-000423 · form4.xml · nonDerivative · entry 1 GERSPACHER RICHARD · CIK 0002045424 · EVP, Capital Projects 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 100,894 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| January 23, 2025 Filed Apr 17, 2025 01:46 UTC Amendment | LITHIUM AMERICAS CORP. LAC · Entity 4908 | Exercise / conversionRestricted Share Units · Derivative | 17,884 | $0.00 | $0.00 |
DisclosureSEC source: 0000912282-25-000446 · form4.xml · derivative · entry 3 GERSPACHER RICHARD · CIK 0002045424 · EVP, Capital Projects 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 35,769 Underlying: Common Shares · 17,884 shares Expires not disclosed Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F1 · derivative.exercise_price: Each restricted share unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. F2 · derivative.exercise_date: Represents grant of RSUs on January 21, 2024, which vests 1/3 annually beginning in 2025. F2 · derivative.expiration_date: Represents grant of RSUs on January 21, 2024, which vests 1/3 annually beginning in 2025. Read SEC document |
| January 23, 2025 Filed Apr 17, 2025 01:46 UTC Amendment | LITHIUM AMERICAS CORP. LAC · Entity 4908 | Exercise / conversionCommon Shares | 17,884 | $0.00 | $0.00 |
DisclosureSEC source: 0000912282-25-000446 · form4.xml · nonDerivative · entry 1 GERSPACHER RICHARD · CIK 0002045424 · EVP, Capital Projects 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 91,952 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| January 23, 2025 Filed Oct 20, 2025 21:31 UTC Amendment | LITHIUM AMERICAS CORP. LAC · Entity 4908 | Exercise / conversionCommon Shares | 17,884 | $0.00 | $0.00 |
DisclosureSEC source: 0000912282-25-001098 · form4a.xml · nonDerivative · entry 1 GERSPACHER RICHARD · CIK 0002045424 · EVP, Capital Projects 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 91,952 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.