Turqi Alnowaiser - Apr 24, 2023 Form 4 Insider Report for Lucid Group, Inc. (LCID)

Role
Director, 10%+ Owner
Signature
/s/ Jonathan Butler, as attorney-in-fact for Turqi Alnowaiser
Stock symbol
LCID
Transactions as of
Apr 24, 2023
Transactions value $
-$8,373
Form type
4
Date filed
4/26/2023, 09:59 PM
Previous filing
Jun 13, 2022
Next filing
Nov 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LCID Class A Common Stock Award +32.3K +1.54% 2.12M Apr 24, 2023 Direct F1, F2
transaction LCID Class A Common Stock Tax liability -$8.37K -1.19K -0.06% $7.03 2.12M Apr 24, 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These restricted stock units ("RSUs") will vest in full on the earlier of (i) the one-year anniversary of the date of grant and (ii) the date of the next annual meeting of stockholders held after the date of grant, in each case, subject to the reporting person's continued service on the board of directors through the 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 1,100,965,202 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, 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.
F3 Represent shares that have been withheld by the Issuer to satisfy income tax withholding and remittance obligations in connection with the vesting of RSUs reported on a Form 4 filed on June 13, 2022.