Lucid Group Inc SEC Filings

Lucid Group (LCID) announced a private convertible note financing. The company commenced, subject to market and other conditions, a private offering of $875,000,000 aggregate principal amount of Convertible Senior Notes due 2031 under Rule 144A to qualified institutional buyers. Lucid also expects to grant the initial purchasers an option to buy up to an additional $100,000,000 of notes within 13 days of first issuance.

Concurrently, Lucid may repurchase for cash a portion of its outstanding 1.25% Convertible Senior Notes due 2026 in separately negotiated transactions; there is no assurance of the amount or terms. In connection with pricing, Ayar Third Investment Company expects to enter a privately negotiated prepaid forward to purchase shares, with delivery expected around the notes’ maturity and an option for cash settlement. Lucid intends to pay Ayar a periodic cash fee initially accruing at 0.5% per annum on the prepaid forward amount. The company notes related hedging activity may affect the market price of Lucid’s common stock and the notes.

Lucid Group (LCID) filed its Q3 report, showing higher sales but continued heavy losses. Revenue reached $336,580,000, up from $200,038,000 a year ago, while loss from operations was $(942,019,000). Net loss was $(978,428,000) for the quarter and $(1,884,031,000) for the nine months. The company effected a one-for-ten reverse stock split on August 29, 2025; 324,168,457 common shares were outstanding as of October 30, 2025.

Liquidity actions were significant. Year to date, the company issued $1,100,000,000 of 2030 convertible notes, repurchased $931,433,000 of 2026 notes, and raised $300,000 under a 2025 Subscription Agreement. Cash and cash equivalents were $1,635,120,000, with short- and long‑term investments of $701,906,000 and $656,249,000, respectively. Inventory increased to $981,062,000 as production of Lucid Air and Lucid Gravity continued.

Total assets were $8,823,038,000 and total liabilities $5,101,949,000. Redeemable convertible preferred stock totaled $1,920,711,000, and accumulated deficit reached $(14,796,725,000). The company renewed and expanded its GIB credit facility to SAR 1.9 billion (approximately $506.6 million) and, subsequent to quarter end, amended its delayed draw term loan to $1,980,000,000.

Lucid Group (LCID) amended its credit agreement, increasing its unsecured delayed draw term loan facility with Ayar Third Investment Company (an affiliate of PIF) from $750 million to approximately $2.0 billion, effective November 4, 2025. The facility retains a final maturity of August 4, 2029.

The amendment adds an upfront fee of 0.75% on the incremental commitment above $750,000,000, due within 30 days of effectiveness, and a quarterly undrawn fee at 0.50% per annum on unused commitments. As of the effective date, the company had not requested any draws under the facility.

Lucid also announced leadership changes: Eric Bach, Senior Vice President, Product and Chief Engineer, departed effective November 5, 2025, and Emad Dlala was appointed Senior Vice President, Engineering and Digital.

Lucid Group insider Form 4: SVP, Product & Chief Engineer Eric Bach reported a sale of 19,074 Class A common shares on 09/05/2025 at a reported price of $16.16 per share, with 364,492 Class A shares beneficially owned by the reporting person following the transaction. The filing explains the 19,074 shares were withheld by the issuer to satisfy tax withholding obligations related to the settlement of performance-based restricted stock units (PSUs) and the vesting of time-based restricted stock units (RSUs) that were previously reported. The company effected a 1-for-10 reverse stock split on 08/29/2025; share and dollar amounts reflect that split and rounding adjustments.

Insider sale to cover RSU taxes by Lucid CFO Taoufiq Boussaid, who serves as Chief Financial Officer and a director of Lucid Group, Inc. (LCID), reported a transaction dated 09/05/2025. The filing shows 4,499 Class A common shares were disposed under code F at a price of $16.16 per share; the filing explains these shares were withheld by the issuer to satisfy tax withholding related to the settlement of vested time-based RSUs that were previously reported. After the transaction and reflecting Lucid's 1-for-10 reverse stock split effective August 29, 2025, Boussaid beneficially owns 93,146 shares (rounded for the reverse split). The form was signed by an attorney-in-fact on 09/09/2025.

Lucid Group, Inc. (LCID) insider transaction: SVP Finance & Accounting Gagan Dhingra reported a disposition of 8,262 Class A common shares on 09/05/2025 at a price of $16.16 per share. The filing states these shares were withheld by the issuer to satisfy tax withholding in connection with settlement of previously granted performance-based restricted stock units (PSUs) and time-based restricted stock units (RSUs). After the transaction (and reflecting a 1-for-10 reverse stock split effective August 29, 2025), Dhingra beneficially owns 135,586 shares. The filing was signed by an attorney-in-fact on behalf of the reporting person.

Marc Winterhoff, Interim CEO of Lucid Group, Inc. (LCID), reported a Section 16 transaction dated 09/05/2025. The filing shows 19,575 shares of Class A common stock were disposed at a price of $16.16. The filing explains these shares were withheld by the issuer to satisfy tax withholding obligations in connection with the settlement of performance-based restricted stock units and the vesting of time-based restricted stock units that were previously reported. Following the transaction and reflecting a 1-for-10 reverse stock split effectuated on August 29, 2025, Winterhoff beneficially owns 325,480 shares. The Form 4 was signed by an attorney-in-fact on 09/09/2025.