Lucid Group (NASDAQ: LCID) CFO uses 8,393 shares for tax withholding

Rhea-AI Filing Summary

Lucid Group, Inc.’s Chief Financial Officer, Taoufiq Boussaid, reported a tax-related share disposition. On this Form 4, 8,393 shares of Class A common stock were withheld by the company at $5.68 per share to cover tax obligations tied to vesting performance-based and time-based stock units. These shares were not sold on the open market. After this withholding, Boussaid directly holds 117,829 shares of Lucid common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Boussaid Taoufiq

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock	8,393	$5.68	$48K

Holdings After Transaction: Class A Common Stock — 117,829 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares withheld for taxes: 8,393 shares Withholding price per share: $5.68 per share Shares held after transaction: 117,829 shares +2 more

5 metrics

Shares withheld for taxes 8,393 shares Tax-withholding disposition on Class A Common Stock

Withholding price per share $5.68 per share Value used for tax-withholding disposition

Shares held after transaction 117,829 shares Direct Class A Common Stock ownership post-transaction

Transaction code F Payment of tax liability by delivering securities

Tax-withholding shares count 8,393 shares aggregate taxWithholdingShares in transaction summary

Key Terms

tax withholding, performance-based stock units ("PSUs"), restricted stock units ("RSUs"), Form 4, +1 more

5 terms

tax withholding financial

"Represents shares withheld by the Issuer to satisfy tax withholding and remittance obligations"

Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.

performance-based stock units ("PSUs") financial

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

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.

Form 4 regulatory

"previously reported on Form 4s filed by the reporting person"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Class A Common Stock financial

"security_title": "Class A Common Stock""

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

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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^*

Boussaid Taoufiq

(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)
	Chief Financial Officer

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		8,393(1)	D	$5.68	117,829	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.

Remarks:

Mr. Boussaid serves as the Issuer's Principal Financial Officer.

	/s/ Bruce Wang, as attorney-in-fact for Taoufiq Boussaid	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 its CFO?

Lucid’s CFO reported a tax-withholding share disposition. The company withheld 8,393 Class A common shares at $5.68 each to satisfy tax obligations from vested PSUs and RSUs, rather than an open-market sale.

Did Lucid Group (LCID) CFO Taoufiq Boussaid sell shares on the market?

No, the transaction was not an open-market sale. The 8,393 Lucid Class A shares were withheld by the company strictly to cover tax and remittance obligations arising from vesting stock-based awards.

How many Lucid (LCID) shares were involved in the CFO’s tax withholding?

The transaction involved 8,393 shares of Class A common stock. These shares were withheld by Lucid Group to satisfy tax liabilities associated with the settlement of performance-based stock units and vesting restricted stock units.

What is the CFO’s Lucid (LCID) shareholding after this Form 4 transaction?

After the tax withholding, the CFO directly holds 117,829 shares. This post-transaction balance reflects his remaining Class A common stock ownership following the 8,393-share withholding for tax obligations.

What triggered the tax withholding of Lucid (LCID) shares for the CFO?

The withholding was triggered by vesting stock-based awards. Lucid retained shares to cover taxes related to settled performance-based stock units and vested time-based restricted stock units previously reported on earlier Form 4 filings.

How was the price per Lucid (LCID) share determined for the withheld shares?

The withheld shares were valued at $5.68 per share. This price was used to calculate the tax-withholding disposition of 8,393 Class A common shares tied to the CFO’s stock-based compensation vesting.