Gagan Dhingra - 04 Mar 2025 Form 4 Insider Report for Lucid Group, Inc. (LCID)

Role
SVP Finance & Accounting
Signature
/s/ Bruce Wang, as attorney-in-fact for Gagan Dhingra
Issuer symbol
LCID
Transactions as of
04 Mar 2025
Net transactions value
-$212,488
Form type
4
Filing time
06 Mar 2025, 17:36:57 UTC
Previous filing
27 Feb 2025
Next filing
09 Jun 2025
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 $0 +270,730 +35% $0.000000 1,052,117 04 Mar 2025 Direct F1
transaction LCID Class A Common Stock Tax liability $212,488 -101,185 -9.6% $2.10 950,932 05 Mar 2025 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents performance-based restricted stock units ("PSUs") as to which the performance criteria have been satisfied. 50% of shares reported in this Form 4 vested on March 5, 2025, and the remaining shares are subject to service-based vesting requirements that will vest in 1/8th increments on June 5, 2025, September 5, 2025, December 5, 2025, and March 5, 2026, following the date of this Form 4.
F2 Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the settlement of PSUs for which service based vesting requirements have been satisfied and the time-based vesting of restricted stock units ("RSUs"). The acquisition of such PSUs and RSUs has previously been reported on Forms 4 filed by the reporting person.

Remarks:

Mr. Dhingra serves as Principal Accounting Officer.