Lucid Group grants 303,327 performance shares

Available on EDGAR 11/13/2026 - 04:10 PM EST Accepted by SEC EDGAR 11/13/2026 - 04:10 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

At Lucid Group, Inc. (LCID), Chief Accounting Officer Neil James Laverty acquired awards covering 202,219 restricted stock units and 303,327 performance-based restricted stock units on November 10, 2026. The restricted stock units vest over four years: one-quarter on December 5, 2027, followed by 12 quarterly installments of one-sixteenth, subject to continued employment.

The performance-based units are divided into four tranches. Tranches 1 and 2 have time-based vesting dates no sooner than November 10, 2028, and tranches 3 and 4 no sooner than November 10, 2029; each also requires certification of its applicable market-capitalization hurdle—$3.5 billion, $5.0 billion, $6.5 billion or $8.0 billion—and continued employment. Following the awards, reported direct holdings were 202,229 shares of Class A common stock and 303,327 performance-based units.

Insider Trade Summary

Grant/Award: 505,546 shares

Grant/Award 2 txns

Insider Laverty Neil James

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Grant/Award	Peformance Restricted Stock Unit F2	303,327	$0.00	$0.00
Grant/Award	Class A Common Stock F1	202,219	$0.00	$0.00

Holdings After Transaction: Peformance Restricted Stock Unit — 303,327 units (Direct); Class A Common Stock — 202,229 shares (Direct)

Footnotes (2)

1. F1. Represents restricted stock units that will vest over four years, with 1/4th vesting on December 5, 2027 and 1/16th vesting quarterly thereafter in twelve installments, on each March 5, June 5, September 5, and December 5 of each calendar year that occurs following December 5, 2027, subject to the reporting person's continued employment with the Issuer or its subsidiary through each vesting date.
2. F2. Represents performance-based restricted stock units that are divided into four tranches and subject to both time-based and performance-based vesting conditions. A given tranche vests upon the later of (x) the tranche's time-based vesting date (which is no sooner than November 10, 2028, for tranches 1 and 2, and no sooner than November 10, 2029, for tranches 3 and 4) and (y) certification of achievement of the market capitalization performance hurdle applicable to each tranche ($3.5 billion, $5.0 billion, $6.5 billion and $8.0 billion for tranches 1, 2, 3, and 4 respectively, calculated in accordance with the reporting person's performance stock unit agreement), in each case, subject to the reporting person's continued employment with the Issuer or its subsidiary through each vesting date.

Key Figures

Restricted stock units awarded: 202,219 units Performance-based restricted stock units awarded: 303,327 units Direct Class A common stock holdings: 202,229 shares +4 more

7 metrics

Restricted stock units awarded 202,219 units Awarded November 10, 2026; covering Class A common stock

Performance-based restricted stock units awarded 303,327 units Awarded November 10, 2026; tied to Class A common stock

Direct Class A common stock holdings 202,229 shares Reported following the November 10, 2026 transaction

Market-capitalization hurdle, tranche 1 $3.5 billion Performance-based unit vesting condition

Market-capitalization hurdle, tranche 2 $5.0 billion Performance-based unit vesting condition

Market-capitalization hurdle, tranche 3 $6.5 billion Performance-based unit vesting condition

Market-capitalization hurdle, tranche 4 $8.0 billion Performance-based unit vesting condition

Key Terms

restricted stock units, performance-based restricted stock units, market capitalization performance hurdle

3 terms

restricted stock units financial

"restricted stock units that will vest over four years"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

performance-based restricted stock units financial

"performance-based restricted stock units that are divided into four tranches"

Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.

market capitalization performance hurdle financial

"certification of achievement of the market capitalization performance hurdle"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many LCID shares did Chief Accounting Officer Neil James Laverty receive?

Neil James Laverty received awards covering 202,219 restricted stock units and 303,327 performance-based restricted stock units on November 10, 2026. Reported direct holdings afterward were 202,229 shares of Class A common stock and 303,327 performance-based units.

What are the vesting conditions for Neil James Laverty's LCID awards?

The 202,219 restricted stock units vest over four years, with one-quarter vesting December 5, 2027, followed by 12 quarterly installments of one-sixteenth, subject to continued employment. The performance-based units vest in four tranches upon the later of their applicable time-based date and certification of the tranche's market-capitalization hurdle, also subject to continued employment.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Laverty Neil James

(Last) (First) (Middle)

C/O LUCID GROUP, INC.

7373 GATEWAY BLVD

(Street)

NEWARK CALIFORNIA 94560

(City) (State) (Zip)

UNITED STATES

(Country)

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)
	Chief Accounting Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/10/2026

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

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

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

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	11/10/2026		A		202,219(1)	A	$0	202,229	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
Peformance Restricted Stock Unit	(2)	11/10/2026		A		303,327		(2)	11/10/2030	Class A Common Stock	303,327	$0	303,327	D

Explanation of Responses:

1. Represents restricted stock units that will vest over four years, with 1/4th vesting on December 5, 2027 and 1/16th vesting quarterly thereafter in twelve installments, on each March 5, June 5, September 5, and December 5 of each calendar year that occurs following December 5, 2027, subject to the reporting person's continued employment with the Issuer or its subsidiary through each vesting date.

2. Represents performance-based restricted stock units that are divided into four tranches and subject to both time-based and performance-based vesting conditions. A given tranche vests upon the later of (x) the tranche's time-based vesting date (which is no sooner than November 10, 2028, for tranches 1 and 2, and no sooner than November 10, 2029, for tranches 3 and 4) and (y) certification of achievement of the market capitalization performance hurdle applicable to each tranche ($3.5 billion, $5.0 billion, $6.5 billion and $8.0 billion for tranches 1, 2, 3, and 4 respectively, calculated in accordance with the reporting person's performance stock unit agreement), in each case, subject to the reporting person's continued employment with the Issuer or its subsidiary through each vesting date.

Remarks:

	/s/ Douglas Stewart, as attorney-in-fact for Neil James Laverty	11/13/2026
	** 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 4 (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 4: SEC 1474 (03-26)