Gagan Dhingra - Sep 10, 2023 Form 4 Insider Report for Lucid Group, Inc. (LCID)

Role: VP of Acctng & Internal Ctrl
Signature: /s/ Benjamin Uy, as attorney-in-fact for Gagan Dhingra
Stock symbol: LCID
Transactions as of: Sep 10, 2023
Transactions value $: -$28,657
Form type: 4
Date filed: 9/12/2023, 09:13 PM
Previous filing: Sep 7, 2023
Next filing: Dec 7, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LCID	Class A Common Stock	Award	$0	+114K	+147.32%	$0.00	191K	Sep 10, 2023	Direct	F1
transaction	LCID	Class A Common Stock	Tax liability	-$28.7K	-4.91K	-2.57%	$5.84	186K	Sep 10, 2023	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	Employee Stock Option (right to buy)	Award	$0	+114K		$0.00	114K	Sep 10, 2023	Common Stock	114K	$8.26	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These restricted stock units ("RSUs") vest over four years, with 1/8th vesting on the grant date and the remainder of the RSUs to vest 1/16th on each March 5, June 5, September 5, and December 5 annually thereafter.
F2	Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the vesting of RSUs reported on this Form 4.
F3	These stock options will vest over four years, with 5/48th to vest on the first monthly anniversary of the grant date and the remainder to vest 1/48th on each monthly anniversary thereafter.