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

Reporting relationship: SVP, Product & Chief Engineer
Issuer ticker: LCID
Reported as of: 23 Jul 2021
Net transaction value: $0
SEC form: 4
Accepted by SEC: 27 Jul 2021, 18:00:23 UTC
Next SEC filing: 08 Oct 2021
Source filing: View source filing
Reporting owner signature: /s/ Jonathan Butler, as attorney-in-fact for Eric Bach

Key filing fact

Eric Bach filed Form 4 for Lucid Group, Inc. (LCID) on 27 Jul 2021.

Key facts

This page summarizes Eric Bach's Form 4 filing for Lucid Group, Inc. (LCID).
4 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 27 Jul 2021, 18:00.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

LCID transaction

Class A Common Stock

Award

Transaction value
Shares: +1,173,177
Change %
Price
Shares after: 1,173,177
Date: 23 Jul 2021
Ownership: Direct
Footnotes: F1

LCID transaction

Class A Common Stock

Award

Transaction value
Shares: +661,000
Change %: +56%
Price
Shares after: 1,834,177
Date: 23 Jul 2021
Ownership: Direct
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

LCID transaction Derivative

Stock Options (Right to Buy)

Award

Transaction value
Shares: +879,698
Change %
Price
Shares after: 879,698
Date: 23 Jul 2021
Ownership: Direct
Underlying class: Class A common stock
Underlying amount: 879,698
Exercise price: $0.8300
Footnotes: F3, F4

LCID transaction Derivative

Stock Options (Right to Buy)

Award

Transaction value
Shares: +1,850,800
Change %
Price
Shares after: 1,850,800
Date: 23 Jul 2021
Ownership: Direct
Underlying class: Class A common stock
Underlying amount: 1,850,800
Exercise price: $0.9300
Footnotes: F3, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Received in exchange for 443,713 shares of common stock (the "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").

Footnote F2

Represents restricted stock units ("RSUs") received in exchange for 250,000 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.

Footnote F3

Each Lucid stock option was exchanged in the Merger for a stock option to acquire 2.644 shares of common stock of Lucid Group, Inc.

Footnote F4

These options were granted in April 2019. 44,067 of these options remain unvested and 50% will vest on August 1, 2021 and the remaining 50% will vest on September 1, 2021.

Footnote F5

These options were granted in July 2020. 1,310,985 of these options remain unvested and will vest in equal quarterly installments through May 2024.