Lucid Group (LCID) SVP gets stock grant and tax share withholdings

Rhea-AI Filing Summary

Lucid Group SVP Finance & Accounting Gagan Dhingra reported a mix of equity awards and related tax share withholdings. On March 3, 2026, Dhingra acquired 34,952 shares of Class A common stock as a grant at $0.00 per share, tied to performance-based restricted stock units (PSUs) whose performance criteria have been satisfied. On March 5, 2026, 16,418 shares were disposed of through shares withheld by Lucid to cover tax obligations upon PSU settlement and vesting of time-based restricted stock units, at $10.27 per share. After these transactions, Dhingra directly held 147,853 Class A shares.

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)

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		34,952(1)	A	$0	164,271	D
Class A Common Stock	03/05/2026		F		16,418(2)	D	$10.27	147,853	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. Represents performance-based restricted stock unit ("PSUs") as to which the performance criteria have been satisfied. 50% of shares reported in this Form 4 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.

2. Represents 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.

Remarks:

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

	/s/ Bruce Wang, as attorney-in-fact for Gagan Dhingra	03/05/2026
	** 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?

Lucid Group (LCID) reported that SVP Finance & Accounting Gagan Dhingra received an equity grant and had shares withheld for taxes. He acquired 34,952 Class A shares as a grant and 16,418 shares were disposed via tax withholding, leaving him with 147,853 shares directly owned.

How many Lucid Group (LCID) shares did Gagan Dhingra acquire in the latest Form 4?

Gagan Dhingra acquired 34,952 Lucid Group Class A shares as a grant at $0.00 per share. These shares relate to performance-based restricted stock units whose performance conditions were met and are now subject to service-based vesting over several dates through March 5, 2027.

Why were 16,418 Lucid Group (LCID) shares disposed of in Dhingra’s Form 4?

The 16,418 Lucid Group shares were withheld by the company to satisfy tax withholding and remittance obligations. This occurred in connection with the settlement of performance-based restricted stock units and the vesting of time-based restricted stock units previously reported for Gagan Dhingra.

How many Lucid Group (LCID) shares does Gagan Dhingra own after these transactions?

After the reported transactions, Gagan Dhingra directly owns 147,853 Lucid Group Class A common shares. This balance reflects the 34,952-share equity grant and the 16,418 shares withheld by the issuer for tax obligations related to PSU settlement and RSU vesting.

What is the vesting schedule for Gagan Dhingra’s Lucid Group (LCID) PSUs?

For Gagan Dhingra’s performance-based restricted stock units, 50% of the shares vested on March 5, 2026. The remaining shares vest in four 1/8th increments on June 5, 2026, September 5, 2026, December 5, 2026, and March 5, 2027, subject to service-based requirements.