Lucid Group (LCID) CFO has RSU-related shares withheld for taxes

Rhea-AI Filing Summary

Lucid Group, Inc. disclosed that its Chief Financial Officer, Taoufiq Boussaid, had shares withheld in connection with equity compensation. On December 5, 2025, 4,498 shares of Class A common stock were withheld by the company at a price of $14.15 per share to cover tax withholding and remittance obligations tied to the vesting of previously granted time-based restricted stock units.

After this tax-related withholding, Boussaid beneficially owns 88,648 shares of Lucid’s Class A common stock held directly. The transaction reflects routine administration of equity awards rather than an open-market stock sale.

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

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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)
12/05/2025

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	12/05/2025		F		4,498(1)	D	$14.15	88,648	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.

Remarks:

	/s/ Bruce Wang, as attorney-in-fact for Taoufiq Boussaid	12/09/2025
	** 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).
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FAQ

What insider transaction did Lucid Group (LCID) report in this filing?

The filing reports that CFO Taoufiq Boussaid had 4,498 shares of Lucid Group Class A common stock withheld on December 5, 2025 to satisfy tax obligations related to vesting restricted stock units.

Was the Lucid Group CFO’s transaction an open-market sale of LCID shares?

No. The 4,498 shares were withheld by the issuer to cover tax withholding and remittance obligations upon the settlement of vesting RSUs, rather than sold in an open-market transaction.

How many Lucid Group (LCID) shares does the CFO own after this transaction?

Following the reported transaction, CFO Taoufiq Boussaid beneficially owns 88,648 shares of Lucid Group Class A common stock, held directly.

What was the price used for the Lucid Group shares withheld for taxes?

The shares withheld to cover tax obligations were valued at $14.15 per share, as stated in the transaction details.

What is the role of the reporting person in Lucid Group (LCID)?

The reporting person, Taoufiq Boussaid, is an officer of Lucid Group, serving as the company’s Chief Financial Officer.

What type of equity award triggered the Lucid Group share withholding?

The withholding relates to the vesting of time-based restricted stock units (RSUs) previously granted to the CFO, with the RSU acquisition reported in an earlier filing.