Lucid Group CEO Silvio Napoli gets 603,110-share award

The four tranches require continued employment through vesting and certification against specified market-capitalization hurdles.

Available on EDGAR 11/09/2026 - 05:00 PM EST Accepted by SEC EDGAR 11/09/2026 - 05:00 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Lucid Group, Inc. Chief Executive Officer and director Silvio Napoli received a direct grant of 603,110 performance-based restricted stock units on November 5, 2026. The award has four tranches, each vesting upon the later of its time-based date and certification of a market-capitalization hurdle: $3.5 billion, $5.0 billion, $6.5 billion or $8.0 billion. Time-based dates are no sooner than November 5, 2028, for tranches 1 and 2 and November 5, 2029, for tranches 3 and 4; continued employment through vesting is required.

Insider Trade Summary

Grant/Award: 603,110 shares

Grant/Award 1 txn

Insider Napoli Silvio

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Peformance Restricted Stock Unit F1	603,110	$0.00	$0.00

Holdings After Transaction: Peformance Restricted Stock Unit — 603,110 units (Direct)

Footnotes (1)

1. F1. 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 5, 2028, for tranches 1 and 2, and no sooner than November 5, 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

Performance-based restricted stock units: 603,110 units Award tranches: 4 tranches Market-capitalization hurdle, tranche 1: $3.5 billion +4 more

7 metrics

Performance-based restricted stock units 603,110 units Direct grant on November 5, 2026

Award tranches 4 tranches The award is divided into four tranches

Market-capitalization hurdle, tranche 1 $3.5 billion Applicable to tranche 1

Market-capitalization hurdle, tranche 2 $5.0 billion Applicable to tranche 2

Market-capitalization hurdle, tranche 3 $6.5 billion Applicable to tranche 3

Market-capitalization hurdle, tranche 4 $8.0 billion Applicable to tranche 4

Time-based vesting dates No sooner than November 5, 2028 (tranches 1 and 2); no sooner than November 5, 2029 (tranches 3 and 4) Award vesting schedule

Key Terms

performance-based restricted stock units, tranches, market capitalization performance hurdle, time-based vesting date

4 terms

performance-based restricted stock units technical

"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.

tranches technical

"divided into four tranches"

Tranches are portions or slices of a larger financing deal—such as a loan, bond issue, or equity round—that are released at different times or under different conditions. For investors they matter because each tranche can carry different risk, interest or payout terms and may be paid only if certain targets are met; think of funding as slices of a cake handed out as progress is made.

market capitalization performance hurdle financial

"market capitalization performance hurdle applicable to each tranche"

time-based vesting date technical

"the tranche's time-based vesting date"

FAQ

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

How many performance-based RSUs did Lucid Group (LCID) CEO Silvio Napoli receive?

Silvio Napoli received a direct grant of 603,110 performance-based restricted stock units on November 5, 2026, tied to 603,110 shares of Lucid Group Class A common stock.

What are the vesting conditions for Silvio Napoli’s LCID RSUs?

The award is divided into four tranches. Each tranche vests upon the later of its time-based vesting date and certification of its applicable market-capitalization hurdle: $3.5 billion, $5.0 billion, $6.5 billion or $8.0 billion. The dates are no sooner than November 5, 2028, for tranches 1 and 2, and November 5, 2029, for tranches 3 and 4; continued employment through vesting is required.

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

Form 4 Insider Transactions: What Each Field Means →

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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^*

Napoli Silvio

(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
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/05/2026

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

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

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

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	(1)	11/05/2026		A		603,110		(1)	11/05/2030	Class A Common Stock	603,110	$0	603,110	D

Explanation of Responses:

1. 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 5, 2028, for tranches 1 and 2, and no sooner than November 5, 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/ Bruce Wang, as attorney-in-fact for Silvio Napoli	11/09/2026
	** 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)