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

Role: Director, 10%+ Owner
Signature: /s/ Turqi A. Alnowaiser
Stock symbol: LCID
Transactions as of: Jul 23, 2021
Transactions value $: $0
Form type: 4
Date filed: 7/27/2021, 05:42 PM
Next filing: Oct 27, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LCID	Class A Common Stock	Award	$0	+2.07M		$0.00	2.07M	Jul 23, 2021	Direct	F1, F2

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

Turqi Alnowaiser is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Represents shares of Class A Common Stock that were issued to the Reporting Person in exchange for shares of common stock of Atieva, Inc., d/b/a Lucid Motors ("Lucid") held by the Reporting Person upon the closing of the business combination transaction pursuant to the Agreement and Plan of Merger, dated February 22, 2021, by and among Churchill Capital Corp IV ("Churchill"), Air Merger Sub, Inc., a direct, wholly-owned subsidiary of Churchill and Lucid.
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

Represents shares of Class A Common Stock that were issued to the Reporting Person in exchange for shares of common stock of Atieva, Inc., d/b/a Lucid Motors ("Lucid") held by the Reporting Person upon the closing of the business combination transaction pursuant to the Agreement and Plan of Merger, dated February 22, 2021, by and among Churchill Capital Corp IV ("Churchill"), Air Merger Sub, Inc., a direct, wholly-owned subsidiary of Churchill and Lucid.

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.