Lucid (NASDAQ: LCID) SVP amends Form 4 on PSU, RSU vesting and tax

Rhea-AI Filing Summary

Lucid Group, Inc. senior vice president of finance and accounting Gagan Dhingra filed an amended Form 4 updating previously reported equity award activity. The amendment corrects the number of performance-based restricted stock units whose performance criteria were satisfied and the related share vesting and tax withholding details.

On March 3, 2026, Dhingra acquired 40,801 shares of Class A common stock via a grant or award, with no cash paid per share. According to the filing, 50% of the reported shares vested on March 5, 2026, and the remaining portion will vest in four equal installments on June 5, 2026, September 5, 2026, December 5, 2026, and March 5, 2027, subject to service-based vesting requirements.

The amendment also updates the number of shares, 17,997, that were withheld by Lucid on March 5, 2026 to satisfy tax withholding and remittance obligations tied to PSU settlements and time-based RSU vesting. After these compensation and tax-withholding entries, Dhingra directly holds 152,123 shares of Lucid Class A common stock.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Dhingra Gagan

(Last) (First) (Middle)

C/O LUCID GROUP, INC.

7373 GATEWAY BOULEVARD

(Street)

NEWARK CA 94560

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP Finance & Accounting

3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)
03/05/2026

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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	03/03/2026		A		40,801(1)	A	$0	170,120	D
Class A Common Stock	03/05/2026		F		17,997(2)	D	$10.27	152,123	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This Form 4/A is being filed to amend the Form 4 filed by the reporting person on March 5, 2026 to reflect the correct number of performance-based restricted stock units ("PSUs") for which the performance criteria have been satisfied. 50% of shares reported in this Form 4/A vested on March 5, 2026, and the remaining shares are subject to service-based vesting requirements that will vest in 1/8th increments on June 5, 2026, September 5, 2026, December 5, 2026, and March 5, 2027. This Form 4/A does not report any new transactions or otherwise modify any other transaction details that were previously reported, other than those set out in these footnotes.

2. This Form 4/A is being filed to amend the Form 4 filed by the reporting person on March 5, 2026 to reflect the correct number of shares withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the settlement of PSUs, for which service-based vesting requirements have been satisfied, and the vesting of time-based restricted stock units ("RSUs"). The acquisition of such PSUs and RSUs was previously reported on Form 4s filed by the reporting person. This Form 4/A does not report any new transactions or otherwise modify any other transaction details that were previously reported, other than those set out in these footnotes.

Remarks:

Mr. Dhingra serves as the Issuer's Principal Accounting Officer.

	/s/ Bruce Wang, as attorney-in-fact for Gagan Dhingra	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did Lucid Group (LCID) report for Gagan Dhingra in this amended Form 4?

The amended filing shows a grant of 40,801 Lucid Class A shares on March 3, 2026 and a withholding of 17,997 shares on March 5, 2026 to cover tax obligations tied to PSU and RSU vesting.

Does this Lucid (LCID) Form 4/A disclose any new insider transactions?

No new transactions are disclosed. The amendment only corrects the number of performance-based restricted stock units, vesting details, and related tax-withheld shares previously reported, leaving all other transaction information and terms unchanged from the original Form 4.

How many Lucid (LCID) shares does Gagan Dhingra hold after the amended Form 4 transactions?

Following the updated equity award vesting and tax-withholding entries, Gagan Dhingra directly holds 152,123 shares of Lucid Class A common stock, reflecting his remaining ownership position after the March 2026 compensation and withholding events reported in the amendment.

What vesting schedule applies to the Lucid (LCID) PSUs reported in this Form 4/A?

Half of the shares reported vested on March 5, 2026. The remaining shares are scheduled to vest in 1/8th increments on June 5, 2026, September 5, 2026, December 5, 2026, and March 5, 2027, subject to ongoing service-based vesting requirements.

Why were 17,997 Lucid (LCID) shares withheld in Gagan Dhingra’s Form 4/A?

Lucid withheld 17,997 shares to satisfy tax withholding and remittance obligations arising from the settlement of performance-based restricted stock units with satisfied service vesting and the vesting of time-based restricted stock units previously granted to Gagan Dhingra.

What type of acquisition is reported for Lucid (LCID) insider Gagan Dhingra on March 3, 2026?

The filing describes a grant or award acquisition of 40,801 shares of Lucid Class A common stock at a price of $0.0000 per share, indicating a compensation-related equity award rather than an open-market stock purchase.