Ann: Change of Director's Interest Notice DD, page-71

Have Lake Resources' insiders been buying or selling their own company's shares?

The most recent director transaction for Lake Resources came earlier this year on 24 March. This revealed that non-executive chair Stuart Crow offloaded close to 554,000 Lake shares for a sum of almost $300,000. That left him with just under 2.1 million shares of Lake. A further 7.37 million shares were also sold by his partner Ainslie Williams.

At the time, Lake Resources clarified that Crow had made these sales "under advice to meet personal financial obligations". The company went on to say, "Mr Crow currently has no plans to sell any additional shares in the foreseeable future".

Before this sale, we had the May 2022 notice that Dr Nicholas Lindsay sold around $400,000 worth of listed options. Lake Resources directors seem to be periodically awarded performance options for their service, which are convertible into shares at certain points.

The same Dr Lindsay sold 350,000 ordinary shares on 13 April 2022 for just over $664,000.

That same month, we had another major share sale. This time, it was director Steve Promnitz. Promnitz disposed of 1 million shares for a total windfall of $2.29 million.