Sylvain Collard, President Canada and Group COO of Elevra Lithium Ltd, filed a Form 4 on November 3, 2026, disclosing the exercise of vested performance rights and a subsequent sale of ordinary shares to cover withholding tax obligations.

Key Highlights

  • Performance rights exercised: 52,075 vested performance rights were exercised on October 31, 2026, at a price of $0, converting to ordinary shares held in the ELV Employee Share Plan Trust.
  • Original grant date: According to the filing, the 52,075 performance rights were originally granted on November 28, 2024, and vested upon satisfaction of applicable performance-related vesting conditions.
  • Shares sold for tax: On November 2, 2026, 32,651 ordinary shares were disposed of at a reported price of $2.1492 per share to cover withholding tax obligations.
  • Sale price in AUD: The filing states shares were sold in Australian dollars at AUD 3.0603 per share, converted to USD using an exchange rate of 0.7023 USD per 1.00 AUD as of November 2, 2026.
  • Remaining beneficial ownership: Following the transactions, Collard indirectly holds 102,911 ordinary shares in the ELV Employee Plan Share Trust.
  • Issuer listing: Elevra Lithium Ltd trades as NASDAQ:ELVR and also carries a foreign trading symbol of ELV on the ASX.

Collard's Performance Rights Vest and Partial Share Sale at Elevra Lithium

According to the Form 4 filed on November 3, 2026, Sylvain Collard, identified as President Canada and Group COO of Elevra Lithium Ltd (NASDAQ:ELVR), reported two distinct transactions involving ordinary shares. On October 31, 2026, Collard exercised 52,075 vested performance rights at $0 cost, acquiring an equivalent number of ordinary shares held indirectly through the ELV Employee Share Plan Trust. The filing notes these performance rights were originally granted on November 28, 2024, and vested upon satisfaction of applicable performance-related vesting conditions.

Two days later, on November 2, 2026, the filing discloses that Collard disposed of 32,651 ordinary shares at a reported price of $2.1492 per share. The filing explains this sale "represents shares sold to cover withholding tax obligations on the vesting and settlement of the reporting person's performance rights." The shares were sold in Australian dollars at AUD 3.0603 per share, with the USD price reflecting a conversion at an exchange rate of 0.7023 USD per 1.00 AUD as of November 2, 2026.

Following both transactions, Collard's indirect beneficial ownership of ordinary shares, held in the ELV Employee Plan Share Trust, stands at 102,911 shares, according to the filing. In Table II, the filing also records the vesting and exercise of the 52,075 performance rights with an expiration date of October 31, 2028, leaving zero performance rights remaining in that tranche. All reported shares are held indirectly.

What Was Disclosed

Sylvain Collard, President Canada and Group COO of Elevra Lithium Ltd, disclosed the October 31, 2026 exercise of 52,075 performance rights and a November 2, 2026 sale of 32,651 ordinary shares at $2.1492 to satisfy withholding tax obligations, leaving 102,911 shares held indirectly.