Lucid Group grants CFO 836,036 performance shares

Each of the four tranches has its own market-capitalization hurdle, ranging from $3.5 billion to $8.0 billion.

Available on EDGAR 11/09/2026 - 05:03 PM EST Accepted by SEC EDGAR 11/09/2026 - 05:02 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Lucid Group, Inc. Chief Financial Officer Alexander de Bock was granted 836,036 performance-based restricted stock units on November 5, 2026. The award is divided into four tranches, each subject to continued employment and vesting upon the later of its time-based vesting date and certification that its market-capitalization performance hurdle is met. The first two tranches have time-based dates no sooner than November 5, 2028; the third and fourth have dates no sooner than November 5, 2029. The hurdles are $3.5 billion, $5.0 billion, $6.5 billion and $8.0 billion, respectively.

Insider Trade Summary

Grant/Award: 836,036 shares

Grant/Award 1 txn

Insider DE BOCK ALEXANDER

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Peformance Restricted Stock Unit F1	836,036	$0.00	$0.00

Holdings After Transaction: Peformance Restricted Stock Unit — 836,036 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 granted: 836,036 units Award tranches: 4 tranches Tranche 1 market-capitalization performance hurdle: $3.5 billion +3 more

6 metrics

Performance-based restricted stock units granted 836,036 units November 5, 2026

Award tranches 4 tranches Performance-based restricted stock unit award

Tranche 1 market-capitalization performance hurdle $3.5 billion Certification of achievement applies to vesting

Tranche 2 market-capitalization performance hurdle $5.0 billion Certification of achievement applies to vesting

Tranche 3 market-capitalization performance hurdle $6.5 billion Certification of achievement applies to vesting

Tranche 4 market-capitalization performance hurdle $8.0 billion Certification of achievement applies to vesting

Key Terms

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

3 terms

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.

time-based vesting date financial

"the tranche's time-based vesting date"

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 performance-based restricted stock units did LCID CFO Alexander de Bock receive?

Alexander de Bock was granted 836,036 performance-based restricted stock units on November 5, 2026.

What are the vesting conditions for Alexander de Bock's LCID award?

The award is divided into four tranches, subject to continued employment. Each tranche vests upon the later of its time-based vesting date and certification of achievement of its market-capitalization performance hurdle. The first two tranches have time-based dates no sooner than November 5, 2028, and the third and fourth no sooner than November 5, 2029.

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^*

DE BOCK ALEXANDER

(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 Financial 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		836,036		(1)	11/05/2030	Class A Common Stock	836,036	$0	836,036	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 Alexander De Bock	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)