Lucid CFO withholds 4,499 shares to cover RSU taxes at $16.16

Insider sale to cover RSU taxes by Lucid CFO Taoufiq Boussaid, who serves as Chief Financial Officer and a director of Lucid Group, Inc. (LCID), reported a transaction dated 09/05/2025.

Rhea-AI Filing Summary

Insider sale to cover RSU taxes by Lucid CFO Taoufiq Boussaid, who serves as Chief Financial Officer and a director of Lucid Group, Inc. (LCID), reported a transaction dated 09/05/2025. The filing shows 4,499 Class A common shares were disposed under code F at a price of $16.16 per share; the filing explains these shares were withheld by the issuer to satisfy tax withholding related to the settlement of vested time-based RSUs that were previously reported. After the transaction and reflecting Lucid's 1-for-10 reverse stock split effective August 29, 2025, Boussaid beneficially owns 93,146 shares (rounded for the reverse split). The form was signed by an attorney-in-fact on 09/09/2025.

Positive

• Clear disclosure that the disposition was for tax withholding related to RSU settlement
• Post-transaction beneficial ownership is disclosed (93,146 shares) and adjusted for the reverse split
• Filing includes explanation of the effect of the 1-for-10 reverse stock split and rounding

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine tax-withholding share disposition from RSU vesting; not an active liquidity sale by the officer.

The Form 4 indicates a disposition coded "F," which the filer explains as shares withheld to satisfy tax obligations upon RSU settlement. This is a common administrative step following equity compensation vesting and does not necessarily indicate voluntary selling pressure from the reporting person. The transaction price of $16.16 simply reflects the withholding execution and is tied to the company's recent 1-for-10 reverse split, which the filing adjusts for rounding. Beneficial ownership after the event remains disclosed at 93,146 shares.

Corporate Governance Expert

TL;DR: Disclosure is standard and transparent; explains tax withholding and reverse split rounding.

The filing provides clear explanations for the mechanics: withholding of shares from vested RSUs and adjustments for the August 29, 2025 reverse stock split. The signature by an attorney-in-fact is properly included. There are no indications of unexpected insider disposition patterns or governance concerns in this brief filing.

Insider Trade Summary

Exercise Price or Tax Liability: 4,499 shares

Exercise Price or Tax Liability 1 txn

Insider Boussaid Taoufiq

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Class A Common Stock	4,499	$16.16	$73K

Holdings After Transaction: Class A Common Stock — 93,146 shares (Direct)

Footnotes (3)

1. F1. Represents shares withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the settlement of the vesting of time-based restricted stock units ("RSUs"). The acquisition of such RSUs was previously reported on a Form 4 filed by the reporting person.
2. F2. Share and dollar amounts give effect to the Issuer's 1-for-10 reverse stock split that was effectuated on August 29, 2025 (the "Reverse Stock Split").
3. F3. 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.

FAQ

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

What did Lucid (LCID) reporting person Taoufiq Boussaid do on 09/05/2025?

The filing reports that on 09/05/2025 Taoufiq Boussaid had 4,499 Class A shares disposed via withholding at $16.16 per share to satisfy tax withholding from RSU vesting.

Why were shares disposed under code F in the Form 4 for LCID?

The Form 4 states the shares were withheld by the issuer to satisfy tax withholding and remittance obligations in connection with the settlement of vested time-based RSUs.

How many Lucid shares does Taoufiq Boussaid beneficially own after the transaction?

Following the reported transaction and adjustments for the 1-for-10 reverse stock split, the filing shows he beneficially owns 93,146 shares.

Did the Form 4 reflect the recent reverse stock split?

Yes. The filing explains share and dollar amounts reflect the 1-for-10 reverse stock split effectuated on August 29, 2025, and that rounding was applied.

Who signed the Form 4 for Taoufiq Boussaid and when?

The Form 4 was signed by Bruce Wang as attorney-in-fact for Taoufiq Boussaid on 09/09/2025.

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

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Accepted by SEC EDGAR 09/09/2025 - 05:11 PM 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^*

Boussaid Taoufiq

(Last) (First) (Middle)

C/O LUCID GROUP, INC.

7373 GATEWAY BOULEVARD

(Street)

NEWARK CA 94560

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/05/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

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

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	09/05/2025		F		4,499(1)(2)	D	$16.16(2)	93,146(2)(3)	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 the vesting of time-based restricted stock units ("RSUs"). The acquisition of such RSUs was previously reported on a Form 4 filed by the reporting person.

2. Share and dollar amounts give effect to the Issuer's 1-for-10 reverse stock split that was effectuated on August 29, 2025 (the "Reverse Stock Split").

3. 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 Taoufiq Boussaid	09/09/2025
	** 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.