Turqi Alnowaiser - Jun 4, 2024 Form 4 Insider Report for Lucid Group, Inc. (LCID)

Role
Director, 10%+ Owner
Signature
/s/ Benjamin Uy, as attorney-in-fact for Turqi Alnowaiser
Stock symbol
LCID
Transactions as of
Jun 4, 2024
Transactions value $
$0
Form type
4
Date filed
6/6/2024, 06:32 PM
Previous filing
May 7, 2024
Next filing
Jul 25, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LCID Class A Common Stock Award $0 +96.8K +4.57% $0.00 2.21M Jun 4, 2024 Direct F1, F2, 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") will vest in full on the earlier of (i) the one-year anniversary of the date of grant and (ii) the date of the next annual meeting of stockholders held after the date of grant, in each case, subject to the reporting person's continued service on the board of directors through the applicable vesting date.
F2 RSUs are settled in shares of Class A Common Stock on a one-for-one basis.
F3 The reporting person is deemed a beneficial owner of 10% of issued and outstanding shares of Class A Common Stock of the Issuer because the reporting person has voting power over 1,366,658,905 shares of Class A Common Stock (the "Ayar Shares") beneficially owned by Ayar Third Investment Company ("Ayar"), a wholly-owned subsidiary of The Public Investment Fund, pursuant to authority delegated to him by the sole manager of Ayar. The reporting person does not have and disclaims any pecuniary interest in such Ayar Shares.