Turqi Alnowaiser - Jul 23, 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: Jul 23, 2024
Transactions value $: -$1,917
Form type: 4
Date filed: 7/25/2024, 06:21 PM
Previous filing: Jun 6, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LCID	Class A Common Stock	Tax liability	-$1.92K	-534	-0.02%	$3.59	2.21M	Jul 23, 2024	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the time-based vesting of restricted stock units reported on a Form 4 filed on October 27, 2021.
F2	The reporting person is deemed a beneficial owner of 10% of issued and outstanding shares of Class A Common Stock of the Issuer (the "Class A Common Stock") because the reporting person has voting power over 1,659,315,920 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, which Ayar Shares include shares of Class A Common Stock issuable upon conversion of 100,000 shares of Series A Convertible Preferred Stock of the Issuer held by Ayar. The reporting person does not have and disclaims any pecuniary interest in such Ayar Shares.

Content

Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the time-based vesting of restricted stock units reported on a Form 4 filed on October 27, 2021.

The reporting person is deemed a beneficial owner of 10% of issued and outstanding shares of Class A Common Stock of the Issuer (the "Class A Common Stock") because the reporting person has voting power over 1,659,315,920 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, which Ayar Shares include shares of Class A Common Stock issuable upon conversion of 100,000 shares of Series A Convertible Preferred Stock of the Issuer held by Ayar. The reporting person does not have and disclaims any pecuniary interest in such Ayar Shares.