Michael Bell - 23 Jul 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
Issuer symbol
LCID
Transactions as of
23 Jul 2021
Net transactions value
$0
Form type
4
Filing time
27 Jul 2021, 17:38:08 UTC
Previous filing
15 Jun 2021
Next filing
08 Oct 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LCID Class A Common Stock Award +100,364 100,364 23 Jul 2021 Direct F1
transaction LCID Class A Common Stock Award +1,322,000 +1317% 1,422,364 23 Jul 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.