Lucid Group Rewards Finance Chief with Major Stock Package as EV Race Heats Up

Rhea-AI Filing Summary

Lucid Group SVP Finance & Accounting Gagan Dhingra received significant stock award according to a Form 4 filing dated June 28, 2025. The insider was granted 533,333 restricted stock units (RSUs) on June 17, 2025, at a price of $0.

Key details of the RSU grant:

• Vesting schedule spans 4 years
• Initial 1/8th vests on September 5, 2025
• Remaining RSUs vest quarterly at 1/16th on December 5, March 5, June 5, and September 5
• Vesting contingent on continued service

Following this transaction, Dhingra now beneficially owns 1,438,535 shares directly. The filing confirms Dhingra's position as Principal Accounting Officer, with the Form 4 executed by Bruce Wang as attorney-in-fact on June 20, 2025.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Dhingra Gagan

Role SVP Finance & Accounting

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	533,333	$0.00	--

Holdings After Transaction: Class A Common Stock — 1,438,535 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

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)
06/17/2025

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

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	06/17/2025		A		533,333(1)	A	$0	1,438,535	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. These restricted stock units ("RSUs") vest over four years, with 1/8th vesting on September 5, 2025, and the remainder of the RSUs to vest 1/16th quarterly on each of December 5, March 5, June 5 and September 5 thereafter, subject to the reporting person's continued service through each applicable vesting date.

Remarks:

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

	/s/ Bruce Wang, as attorney-in-fact for Gagan Dhingra	06/20/2025
	** 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.

FAQ

How many RSUs did LCID's SVP Finance & Accounting Gagan Dhingra receive on June 17, 2025?

Gagan Dhingra received 533,333 restricted stock units (RSUs) on June 17, 2025, as reported in the Form 4 filing.

What is the vesting schedule for LCID SVP Dhingra's June 2025 RSU grant?

The RSUs vest over four years with the following schedule: 1/8th vests on September 5, 2025, and the remaining RSUs vest 1/16th quarterly on each December 5, March 5, June 5, and September 5 thereafter, subject to continued service.

How many shares of LCID does Gagan Dhingra own after the June 2025 RSU grant?

Following the RSU grant, Gagan Dhingra beneficially owns 1,438,535 shares of Lucid Group Class A Common Stock held directly (Form D).

What is Gagan Dhingra's role at LCID as of June 2025?

Gagan Dhingra serves as SVP Finance & Accounting and is the Principal Accounting Officer of Lucid Group, Inc.

What was the purchase price of LCID RSUs granted to Dhingra in June 2025?

The RSUs were granted at a price of $0, as indicated in the Form 4 filing under the 'Price' column for the transaction.