Peter Dore Rawlinson - 23 Jul 2021 Form 4 Insider Report for Lucid Group, Inc. (LCID)

Role
CEO & Chief Technology Officer, Director
Signature
/s/ Jonathan Butler, as attorney-in-fact for Peter Rawlinson
Issuer symbol
LCID
Transactions as of
23 Jul 2021
Transactions value $
$0
Form type
4
Filing time
27 Jul 2021, 17:44:29 UTC
Next filing
08 Oct 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LCID Class A Common Stock Award +537,919 537,919 23 Jul 2021 Direct F1
transaction LCID Class A Common Stock Award +29,859,159 +55.51% 30,397,078 23 Jul 2021 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LCID Stock Options (Right to Buy) Award +261,756 261,756 23 Jul 2021 Class A common stock 261,756 $0.18 Direct F3
transaction LCID Stock Options (Right to Buy) Award +4,395,416 4,395,416 23 Jul 2021 Class A common stock 4,395,416 $0.37 Direct F3
transaction LCID Stock Options (Right to Buy) Award +7,931,999 7,931,999 23 Jul 2021 Class A common stock 7,931,999 $0.83 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Received in exchange for 203,449 shares of common stock of Atieva, Inc., d/b/a Lucid Motors ("Lucid") in connection with the merger by and among Churchill Capital Corp IV, Atieva, Inc., d/b/a Lucid Motors and Air Merger Sub, Inc. (the "Merger").
F2 Represents restricted stock units ("RSUs") received in exchange for 11,293,177 RSUs of Lucid in connection with the Merger. 13,834,748 of the RSUs are subject to a time-vesting requirement and will vest in sixteen equal quarterly installments beginning on December 5, 2021. 16,024,411 of the RSUs are subject to a performance-vesting requirement and will vest in five tranches based on the achievement of market capitalization goals applicable to each tranche over any six-month period subject to continued employment through the applicable vesting date.
F3 Each Lucid stock option was exchanged in the Merger for a stock option to acquire 2.644 shares of common stock of Lucid Group, Inc.