Lucid director has 210 shares withheld for taxes

Lucid Group, Inc. director Nouri Chabi reported a routine tax-related share disposition.

Rhea-AI Filing Summary

Lucid Group, Inc. director Nouri Chabi reported a routine tax-related share disposition. On April 24, 2026, 210 shares of Class A common stock were withheld by Lucid to cover tax withholding and remittance obligations triggered by the time-based vesting of previously reported restricted stock units.

These shares were not sold in the open market but used to satisfy tax liabilities. After this withholding, Chabi beneficially owns 24,156 shares of Lucid Class A common stock, with the share count updated to reflect rounding impacts from a prior reverse stock split.

Insider Trade Summary

Exercise Price or Tax Liability: 210 shares

Exercise Price or Tax Liability 1 txn

Insider Nouri Chabi

Role Director

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Class A Common Stock	210	$6.27	$1K

Holdings After Transaction: Class A Common Stock — 24,156 shares (Direct)

Footnotes (2)

1. F1. Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the time-based vesting of restricted stock units previously reported on Forms 4 filed by the reporting person.
2. F2. The number of shares beneficially owned by the reporting person has been updated to account for rounding as a result of the Reverse Stock Split.

Key Figures

Shares withheld for taxes: 210 shares Tax withholding share value: $6.27 per share Shares owned after transaction: 24,156 shares +1 more

4 metrics

Shares withheld for taxes 210 shares Tax-withholding disposition on Class A common stock

Tax withholding share value $6.27 per share Value applied to 210 withheld shares

Shares owned after transaction 24,156 shares Post-withholding Class A holdings of Nouri Chabi

Tax-withholding shares reported 210 shares transactionSummary taxWithholdingShares

Key Terms

restricted stock units, Reverse Stock Split, tax withholding and remittance obligations, beneficially owned

4 terms

restricted stock units financial

"in connection with the time-based vesting of restricted stock units previously reported"

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.

Reverse Stock Split financial

"updated to account for rounding as a result of the Reverse Stock Split"

A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.

tax withholding and remittance obligations financial

"withheld by the Issuer to satisfy tax withholding and remittance obligations in connection"

beneficially owned financial

"The number of shares beneficially owned by the reporting person has been updated"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

FAQ

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

What did Lucid Group (LCID) director Nouri Chabi report in this Form 4?

Director Nouri Chabi reported that 210 Lucid shares were withheld by the company to cover tax obligations tied to vested restricted stock units, rather than sold on the open market. This reflects a routine compensation-related tax-withholding event.

Was the Lucid Group (LCID) Form 4 transaction an open-market sale?

No, the filing shows a tax-withholding disposition, not an open-market sale. Lucid withheld 210 shares of Class A common stock to satisfy tax withholding and remittance requirements from vested restricted stock units previously granted to Nouri Chabi.

How many Lucid Group (LCID) shares does Nouri Chabi hold after this transaction?

After the tax-withholding event, Nouri Chabi beneficially owns 24,156 Lucid shares of Class A common stock. This post-transaction holding reflects adjustments for rounding related to a prior Reverse Stock Split disclosed in the footnotes.

What is the price per share used for the Lucid Group (LCID) tax withholding?

The Form 4 reports a value of $6.27 per share for the 210 Lucid Class A shares withheld to satisfy tax obligations. This figure is used for tax withholding and remittance related to vested restricted stock units, not for an open-market trade.

What do the footnotes in the Lucid Group (LCID) Form 4 explain?

The footnotes explain that the 210 shares were withheld by Lucid to meet tax withholding and remittance requirements for vested RSUs, and that Chabi’s reported holdings were updated for rounding effects from a prior Reverse Stock Split.

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

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Accepted by SEC EDGAR 04/28/2026 - 05:06 PM EDT Learn about SEC filing dates

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^*

Nouri Chabi

(Last) (First) (Middle)

C/O LUCID GROUP, INC.

7373 GATEWAY BOULEVARD

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/24/2026

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	04/24/2026		F		210(1)	D	$6.27	24,156(2)	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 shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the time-based vesting of restricted stock units previously reported on Forms 4 filed by the reporting person.

2. The number of shares beneficially owned by the reporting person has been updated to account for rounding as a result of the Reverse Stock Split.

Remarks:

	/s/ Bruce Wang, as attorney-in-fact for Chabi Nouri	04/28/2026
	** 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)