Uber reveals 37,753,583-share Lucid Group (NASDAQ: LCID) stake

Rhea-AI Filing Summary

Uber Technologies, Inc. filed an initial ownership report showing a significant stake in Lucid Group, Inc. The filing lists beneficial ownership of 37,753,583 shares of Lucid Class A common stock. These shares are recorded in the name of SMB Holding Corporation, a wholly owned Uber subsidiary, indicating Uber’s position as a large, over ten-percent owner rather than reporting a new purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Uber Technologies, Inc

Role null

Type	Security	Shares	Price	Value
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 37,753,583 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Lucid shares beneficially owned: 37,753,583 shares

1 metrics

Lucid shares beneficially owned 37,753,583 shares Class A Common Stock held as of the Form 3 entry

Key Terms

Form 3, beneficial ownership, Class A Common Stock, record holder, +1 more

5 terms

Form 3 regulatory

"Uber Technologies, Inc. filed an initial ownership report showing a significant stake"

Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.

beneficial ownership financial

"The filing lists beneficial ownership of 37,753,583 shares of Lucid Class A common stock"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Class A Common Stock financial

"reporting beneficial ownership of 37,753,583 shares of Lucid Class A common stock"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

record holder financial

"These shares are recorded in the name of SMB Holding Corporation, a wholly owned Uber subsidiary"

A record holder is the person or institution officially listed in a company’s books as the owner of shares, bonds or other securities on a specific date. Think of it like the name on the registration of a car: being the record holder determines who is eligible for dividends, voting at meetings, or other shareholder rights. Investors care because actions tied to a set date apply only to those recorded as owners.

ten percent owner regulatory

"indicating Uber’s position as a large, over ten-percent owner rather than reporting a new purchase or sale"

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Uber Technologies, Inc

(Last) (First) (Middle)

1725 3RD STREET

(Street)

SAN FRANCISCO CALIFORNIA 94158

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
04/14/2026

3. Issuer Name and Ticker or Trading Symbol
Lucid Group, Inc. [ LCID ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock	37,753,583	D(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. SMB Holding Corporation, a wholly-owned subsidiary of Uber Technologies, Inc., is the record holder of the Class A common stock of the Issuer.

	/s/ Elizabeth Coleman, Vice President, Deputy General Counsel and Deputy Corporate Secretary	04/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does Uber’s Form 3 filing for Lucid Group (LCID) show?

The Form 3 shows Uber Technologies, Inc. as a large owner of Lucid Group, reporting beneficial ownership of 37,753,583 shares of Lucid Class A common stock. It establishes Uber as an over ten-percent holder rather than detailing new trades.

How many Lucid Group (LCID) shares are reported in Uber’s Form 3?

Uber reports beneficial ownership of 37,753,583 Lucid Class A common shares. This figure represents Uber’s stake as disclosed in the initial ownership statement and is described as held of record by a wholly owned Uber subsidiary, SMB Holding Corporation.

Who is the record holder of the Lucid shares reported by Uber?

The record holder is SMB Holding Corporation, described as a wholly owned subsidiary of Uber Technologies, Inc.. The footnote clarifies that SMB Holding Corporation holds the Lucid Class A common stock, while Uber is the reporting beneficial owner on the Form 3.

Does Uber’s Form 3 for Lucid indicate recent buying or selling activity?

The Form 3 primarily reports existing holdings, with one entry classified as a holding and no buy or sell transactions counted. It serves as an initial statement of beneficial ownership, not as a report of new market trades.

What class of Lucid Group (LCID) stock does Uber report owning?

Uber reports ownership of Class A Common Stock of Lucid Group, Inc. The filing lists this security title for the 37,753,583 shares attributed to Uber’s beneficial ownership through its subsidiary SMB Holding Corporation as record holder.