Christopher Michael Showalter, Chief Executive Officer of Lifezone Metals Ltd (NYSE:LZM), filed a Form 4 on September 12, 2026, disclosing transactions in Lifezone Metals ordinary shares and restricted stock units dated September 7 through September 10, 2026.

Key Highlights

  • RSU conversion: 110,000 Lifezone Metals Restricted Stock Units were converted (transaction code C) into 110,000 ordinary shares at a price of $0.0001 on September 7, 2026.
  • Shares disposed: 48,949 ordinary shares were disposed of (transaction code F) at a weighted average price of $4.04 per share, with individual transaction prices ranging from $3.81 to $4.35.
  • Resulting ownership: Following the reported transactions, Showalter directly holds 2,910,728 Lifezone Metals ordinary shares.
  • RSU vesting schedule: The RSUs vest equally in three installments on April 7, 2026, September 7, 2026, and April 7, 2027, according to the filing.
  • Disposal period: The share disposal spanned trading dates from September 7, 2026 through September 10, 2026, with a deemed execution date of September 10, 2026.

CEO Showalter's RSU Vesting and Share Transactions at Lifezone Metals

According to the filing, Showalter's transactions began with the conversion of 110,000 Restricted Stock Units into 110,000 ordinary shares of Lifezone Metals Ltd on September 7, 2026. The filing notes that each Restricted Stock Unit represents a contingent right to receive one ordinary share of Lifezone Metals Limited, and the conversion was recorded at a price of $0.0001 per share. Following this conversion, Showalter's direct beneficial ownership stood at 2,959,677 ordinary shares.

Separately, the filing reports that 48,949 ordinary shares were disposed of under transaction code F, with transactions occurring across trading dates from September 7, 2026 to September 10, 2026. The reported weighted average price was $4.04 per share. The filing states that the shares were sold in multiple transactions at prices ranging from $3.81 to $4.35, inclusive, and that Showalter undertakes to provide the SEC, upon request, full information regarding the number of shares sold at each price within that range. After this disposal, Showalter's direct beneficial ownership is reported as 2,910,728 ordinary shares.

The RSUs subject to the conversion were part of a grant vesting equally in three installments: April 7, 2026, September 7, 2026, and April 7, 2027, as disclosed in the filing's footnotes. A remaining balance of 110,000 RSUs is reported as beneficially owned directly following the transactions, reflecting the tranche not yet vested.

What Was Disclosed

Lifezone Metals Ltd CEO Christopher Michael Showalter disclosed the conversion of 110,000 RSUs into ordinary shares and the subsequent disposal of 48,949 shares at a weighted average price of $4.04, leaving him with direct beneficial ownership of 2,910,728 ordinary shares.