Third Investment Co Ayar - Jul 23, 2021 Form 4 Insider Report for Lucid Group, Inc. (LCID)

Role: Director, 10%+ Owner
Signature: /s/ Turqi A. Alnowaiser, Authorized Signatory
Stock symbol: LCID
Transactions as of: Jul 23, 2021
Transactions value $: $0
Form type: 4
Date filed: 7/27/2021, 05:43 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LCID	Class A Common Stock	Award	$0	+1.02B		$0.00	1.02B	Jul 23, 2021	Direct	F1, F2

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

Third Investment Co Ayar 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 ("Shares") that were issued to Ayar Third Investment Company ("Ayar") in exchange for shares of common stock of Atieva, Inc., d/b/a Lucid Motors ("Lucid") held by Ayar 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. Ayar is a wholly-owned subsidiary of The Public Investment Fund of Saudi Arabia ("PIF"), and as such PIF may be deemed to beneficially own the Shares held by Ayar. In addition, H.E. Yasir O. Al Rumayyan is the Governor of PIF and the sole manager of Ayar and may be deemed to beneficially own the Shares by virtue of his power to vote the Shares.
F2	Ayar may be deemed a director by deputization, as Turqi A. Alnowaiser, an employee of PIF, serves as a representative of Ayar on the Board of Directors of the Issuer.

Content

Represents shares of Class A Common Stock ("Shares") that were issued to Ayar Third Investment Company ("Ayar") in exchange for shares of common stock of Atieva, Inc., d/b/a Lucid Motors ("Lucid") held by Ayar 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. Ayar is a wholly-owned subsidiary of The Public Investment Fund of Saudi Arabia ("PIF"), and as such PIF may be deemed to beneficially own the Shares held by Ayar. In addition, H.E. Yasir O. Al Rumayyan is the Governor of PIF and the sole manager of Ayar and may be deemed to beneficially own the Shares by virtue of his power to vote the Shares.

Ayar may be deemed a director by deputization, as Turqi A. Alnowaiser, an employee of PIF, serves as a representative of Ayar on the Board of Directors of the Issuer.