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LCID Insider Filing: Eric Bach Withheld 19,074 Shares for Taxes After RSU/PSU Vesting

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Lucid Group insider Form 4: SVP, Product & Chief Engineer Eric Bach reported a sale of 19,074 Class A common shares on 09/05/2025 at a reported price of $16.16 per share, with 364,492 Class A shares beneficially owned by the reporting person following the transaction. The filing explains the 19,074 shares were withheld by the issuer to satisfy tax withholding obligations related to the settlement of performance-based restricted stock units (PSUs) and the vesting of time-based restricted stock units (RSUs) that were previously reported. The company effected a 1-for-10 reverse stock split on 08/29/2025; share and dollar amounts reflect that split and rounding adjustments.

Positive

  • Transaction is disclosed as tax withholding from PSUs/RSUs, which clarifies the nature of the disposition rather than an open-market sale
  • Filing accounts for the 1-for-10 reverse stock split, updating share counts and avoiding misstatement
  • Beneficial ownership updated to 364,492 shares, providing transparency on the reporting person’s stake

Negative

  • Disposition of 19,074 Class A shares reduces the reporting person’s holdings
  • Filing does not include details on remaining unvested awards or future vesting schedules

Insights

TL;DR: Insider reported a routine tax-withholding disposition, not an open-market sale; ownership remains material at 364,492 shares.

Eric Bach's Form 4 shows a disposition of 19,074 Class A shares executed as withholding to satisfy taxes for vested PSUs and RSUs. The filing specifies the amounts and price per share and notes the recent 1-for-10 reverse split, which affects reported share counts and pricing. Because the transaction is described as withholding rather than a sale for cash, it indicates compensation settlement mechanics rather than an active liquidity event, while leaving the reporting person with a meaningful residual stake. The disclosure and attorney-in-fact signature indicate compliance with Section 16 reporting requirements.

TL;DR: Filing documents a compensatory withholding transaction and updated beneficial ownership after a reverse split; disclosure appears complete.

The Form 4 documents that shares were withheld to cover tax obligations from previously granted PSUs and RSUs, and updates beneficial ownership following a company reverse stock split and rounding adjustments. The report includes the transaction date and price and is signed by an attorney-in-fact, which is consistent with standard governance and reporting practices. No additional awards, open-market trades, or plan details are included in the filing.

Insider Bach Eric
Role SVP, Product & Chief Engineer
Type Security Shares Price Value
Tax Withholding Class A Common Stock 19,074 $16.16 $308K
Holdings After Transaction: Class A Common Stock — 364,492 shares (Direct)
Footnotes (1)
  1. Represents shares withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the settlement of performance-based restricted 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. 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"). 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.
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*
Bach Eric
(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)
SVP, Product & Chief Engineer
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 19,074(1)(2) D $16.16(2) 364,492(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 performance-based restricted 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. 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 Eric Bach 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Eric Bach report on the Lucid (LCID) Form 4?

Eric Bach reported a disposition of 19,074 Class A shares on 09/05/2025 at a reported price of $16.16 per share and beneficial ownership of 364,492 shares following the transaction.

Why were the 19,074 shares disposed of according to the filing?

The 19,074 shares were withheld by the issuer to satisfy tax withholding and remittance obligations related to settlement of performance-based RSUs (PSUs) and vesting of time-based RSUs.

Does the Form 4 reflect any corporate action that affected share counts?

Yes. The filing states amounts reflect a 1-for-10 reverse stock split effectuated on 08/29/2025 and rounding adjustments.

When was the Form 4 signed and by whom?

The Form 4 shows a signature by Bruce Wang as attorney-in-fact for Eric Bach on 09/09/2025.

Was this an open-market sale or another type of disposition?

The filing specifies the shares were withheld to satisfy tax obligations, indicating a compensatory withholding rather than an explicit open-market sale.