Turqi A. Alnowaiser - 25 Oct 2021 Form 4 Insider Report for Lucid Group, Inc. (LCID)

Role: Director, 10%+ Owner
Signature: /s/ Jonathan Butler, as attorney-in-fact for Turqi Alnowaiser
Issuer symbol: LCID
Transactions as of: 25 Oct 2021
Net transactions value: $0
Form type: 4
Filing time: 27 Oct 2021, 17:50:26 UTC
Previous filing: 27 Jul 2021
Next filing: 13 Jun 2022
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		+11,206	+0.54%		2,081,344	25 Oct 2021	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	These restricted stock units will vest in equal annual installments on each of July 23, 2022, July 23, 2023 and July 23, 2024 subject to the reporting person's continued service through each applicable vesting date.
F2	The Reporting Person is deemed a beneficial owner of 10% of issued and outstanding shares of Class A Common Stock of the Issuer because the Reporting Person has voting power over 1,015,252,523 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 ("PIF"), pursuant to authority delegated to him by the sole manager of Ayar. The Reporting Person does not have and disclaims any pecuniary interest in such Ayar Shares.

Content

These restricted stock units will vest in equal annual installments on each of July 23, 2022, July 23, 2023 and July 23, 2024 subject to the reporting person's continued service through each applicable vesting date.

The Reporting Person is deemed a beneficial owner of 10% of issued and outstanding shares of Class A Common Stock of the Issuer because the Reporting Person has voting power over 1,015,252,523 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 ("PIF"), pursuant to authority delegated to him by the sole manager of Ayar. The Reporting Person does not have and disclaims any pecuniary interest in such Ayar Shares.

Remarks:

POA exhibit 24.