Gagan Dhingra - 15 Sep 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
Issuer symbol
LCID
Transactions as of
15 Sep 2024
Net transactions value
-$109,812
Form type
4
Filing time
17 Sep 2024, 17:43:10 UTC
Previous filing
06 Sep 2024
Next filing
09 Dec 2024
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 $0 +417,153 +134% $0.000000 729,068 15 Sep 2024 Direct F1
transaction LCID Class A Common Stock Tax liability $109,812 -27,871 -3.8% $3.94 701,197 15 Sep 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