Michael Bell - Jul 23, 2021 Form 4 Insider Report for Lucid Group, Inc. (LCID)

Role
Senior Vice President, Digital
Signature
/s/ Jonathan Butler, as attorney-in-fact for Michael Bell
Stock symbol
LCID
Transactions as of
Jul 23, 2021
Transactions value $
$0
Form type
4
Date filed
7/27/2021, 05:38 PM
Previous filing
Jun 15, 2021
Next filing
Oct 8, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LCID Class A Common Stock Award +100K 100K Jul 23, 2021 Direct F1
transaction LCID Class A Common Stock Award +1.32M +1317.21% 1.42M Jul 23, 2021 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Received in exchange for 37,959 shares of common stock of Atieva, Inc., d/b/a Lucid Motors ("Lucid") in connection with the merger by and among Churchill Capital Corp IV, Atieva, Inc., d/b/a Lucid Motors and Air Merger Sub, Inc. (the "Merger").
F2 Represents restricted stock units ("RSUs") received in exchange for 500,000 RSUs of Lucid in connection with the Merger. 25% of the RSUs will vest on August 2022 with the remaining 75% of the RSUs vesting in twelve equal quarterly installments through June 2025 subject to continued employment through each applicable vesting date.