Lucid (LCID) SVP Dhingra reports 6,801-share tax withholding, holds 145,749

Rhea-AI Filing Summary

Lucid Group, Inc. SVP Finance & Accounting Gagan Dhingra reported a tax-related share disposition. On the settlement of previously granted performance-based stock units and vesting of restricted stock units, 6,801 shares of Class A Common Stock were withheld at $5.68 per share to cover tax obligations. After this non-market transaction, Dhingra directly holds 145,749 shares of Lucid Class A Common Stock, which include 427 shares acquired through the 2021 Employee Stock Purchase Plan.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Dhingra Gagan

Role SVP Finance & Accounting

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock	6,801	$5.68	$39K

Holdings After Transaction: Class A Common Stock — 145,749 shares (Direct, null)

Footnotes (1)

1. Represents shares withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the settlement of performance-based stock units ("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. Includes 427 shares of Class A Common Stock purchased pursuant to the Lucid Group, Inc. 2021 Employee Stock Purchase Plan not previously reported.

Key Figures

Shares withheld for taxes: 6,801 shares Withholding price per share: $5.68 per share Shares held after transaction: 145,749 shares +2 more

5 metrics

Shares withheld for taxes 6,801 shares Tax-withholding disposition on PSU settlement and RSU vesting

Withholding price per share $5.68 per share Value used for 6,801-share tax withholding

Shares held after transaction 145,749 shares Direct Class A Common Stock ownership following withholding

ESPP shares included 427 shares Class A shares bought via 2021 Employee Stock Purchase Plan

Tax-withholding transactions count 1 transaction Single F-code non-derivative disposition

Key Terms

performance-based stock units ("PSUs"), restricted stock units ("RSUs"), Employee Stock Purchase Plan, tax withholding and remittance obligations

4 terms

performance-based stock units ("PSUs") financial

"in connection with the settlement of performance-based stock units ("PSUs"), for which service-based vesting requirements have been satisfied"

restricted stock units ("RSUs") financial

"and the vesting of time-based restricted stock units ("RSUs")."

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

Employee Stock Purchase Plan financial

"Includes 427 shares of Class A Common Stock purchased pursuant to the Lucid Group, Inc. 2021 Employee Stock Purchase Plan"

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

tax withholding and remittance obligations financial

"shares withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the settlement of"

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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 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)
	SVP Finance & Accounting

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/05/2026

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
Class A Common Stock	06/05/2026		F		6,801(1)	D	$5.68	145,749(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 withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the settlement of performance-based stock units ("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.

2. Includes 427 shares of Class A Common Stock purchased pursuant to the Lucid Group, Inc. 2021 Employee Stock Purchase Plan not previously reported.

Remarks:

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

	/s/ Bruce Wang, as attorney-in-fact for Gagan Dhingra	06/09/2026
	** 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)

FAQ

What insider transaction did Lucid Group (LCID) report for Gagan Dhingra?

Lucid Group reported that SVP Finance & Accounting Gagan Dhingra had 6,801 shares of Class A Common Stock withheld. These shares covered tax obligations tied to settling performance-based stock units and vesting restricted stock units, rather than being sold in the open market.

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

No, the Form 4 shows a tax-withholding disposition, not an open-market sale. The 6,801 shares were surrendered to Lucid to satisfy tax and remittance obligations upon PSU settlement and RSU vesting, a routine compensation-related event.

How many Lucid (LCID) shares does Gagan Dhingra hold after this Form 4 transaction?

Following the tax-withholding disposition, Gagan Dhingra directly holds 145,749 shares of Lucid Class A Common Stock. This total includes 427 shares previously purchased through the Lucid Group, Inc. 2021 Employee Stock Purchase Plan and not earlier reported.

What triggered the tax withholding reported in Lucid (LCID) SVP Gagan Dhingra’s Form 4?

The withholding was triggered by the settlement of performance-based stock units whose service-based vesting conditions were met and by the vesting of time-based RSUs. Lucid retained 6,801 shares to meet associated tax withholding and remittance obligations.

How is the 2026 Form 4 for Lucid (LCID) Gagan Dhingra related to prior equity awards?

The filing explains that the PSUs and RSUs involved were previously reported on earlier Forms 4. This report reflects only the tax withholding on those awards and updates holdings to include 427 ESPP shares not earlier disclosed.