Gagan Dhingra - Sep 15, 2024 Form 4 Insider Report for Lucid Group, Inc. (LCID)

Role
VP of Acctng & Internal Ctrl*
Signature
/s/ Daniel Horwood, as attorney-in-fact for Gagan Dhingra
Stock symbol
LCID
Transactions as of
Sep 15, 2024
Transactions value $
-$109,812
Form type
4
Date filed
9/17/2024, 05:43 PM
Previous filing
Sep 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LCID Class A Common Stock Award $0 +417K +133.74% $0.00 729K Sep 15, 2024 Direct F1
transaction LCID Class A Common Stock Tax liability -$110K -27.9K -3.82% $3.94 701K Sep 15, 2024 Direct 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 ("RSU") vest over four years, with 1/8th vesting on the grant date and the remainder of the RSUs to vest 1/16th quarterly on each March 5, June 5, September 5, and December 5 annually thereafter, subject to the reporting person's continued service through each applicable vesting date.
F2 Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the vesting of the RSUs reported on this Form 4.

Remarks:

* Mr. Dhingra also serves as Interim Chief Financial Officer and Principal Financial Officer