Gagan Dhingra - Apr 9, 2024 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
Apr 9, 2024
Transactions value $
-$35,893
Form type
4
Date filed
4/11/2024, 05:42 PM
Previous filing
Mar 7, 2024
Next filing
Jun 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LCID Class A Common Stock Award $0 +76.3K +25.85% $0.00 371K Apr 9, 2024 Direct F1, F2
transaction LCID Class A Common Stock Tax liability -$35.9K -13.6K -3.66% $2.64 358K Apr 9, 2024 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents performance stock units ("PSUs") as to which the performance criteria have been satisfied. Of the PSUs reported in this Form 4, 50,871 remain subject to service-based vesting requirements that will vest in 1/12th increments on each June 5, September 5, December 5 and March 5 following the date of this Form 4.
F2 PSUs are settled in shares of common stock on a one-for-one basis.
F3 Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the settlement of the PSUs reported above for which service-based vesting requirements have been satisfied.

Remarks:

* Mr. Dhingra also serves as Interim Chief Financial Officer and Principal Financial Officer.