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

Role
SVP, Product & Chief Engineer
Signature
/s/ Jonathan Butler, as attorney-in-fact for Eric Bach
Issuer symbol
LCID
Transactions as of
23 Jul 2021
Net transactions value
$0
Form type
4
Filing time
27 Jul 2021, 18:00:23 UTC
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 +1,173,177 1,173,177 23 Jul 2021 Direct F1
transaction LCID Class A Common Stock Award +661,000 +56% 1,834,177 23 Jul 2021 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LCID Stock Options (Right to Buy) Award +879,698 879,698 23 Jul 2021 Class A common stock 879,698 $0.8300 Direct F3, F4
transaction LCID Stock Options (Right to Buy) Award +1,850,800 1,850,800 23 Jul 2021 Class A common stock 1,850,800 $0.9300 Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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").
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.
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.
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.
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.