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Lucid Motors Retains Key Engineering Leader with $5M+ Stock Package

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

Rhea-AI Filing Summary

Eric Bach, SVP, Product & Chief Engineer of Lucid Group (LCID), received a significant equity grant of 600,000 restricted stock units (RSUs) on June 17, 2025. The RSUs follow a four-year vesting schedule:

  • Initial vesting of 1/8th (75,000 RSUs) on September 5, 2025
  • Remaining RSUs vest quarterly at 1/16th (37,500 RSUs) each quarter
  • Quarterly vesting dates: December 5, March 5, June 5, and September 5
  • Vesting contingent on continued service with company

Following this grant, Bach beneficially owns 3,835,647 shares of Class A Common Stock directly. The RSUs were granted at $0 exercise price. This substantial equity award suggests Lucid's commitment to retaining key technical leadership and aligning executive interests with long-term shareholder value.

Positive

  • SVP of Product & Chief Engineer Eric Bach received 600,000 RSUs representing significant long-term retention incentive, with 4-year vesting schedule indicating commitment to company's future

Negative

  • None.
Insider Bach Eric
Role SVP, Product & Chief Engineer
Type Security Shares Price Value
Grant/Award Class A Common Stock 600,000 $0.00 --
Holdings After Transaction: Class A Common Stock — 3,835,647 shares (Direct)
Footnotes (1)
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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*
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)
06/17/2025
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 06/17/2025 A 600,000(1) A $0 3,835,647 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. These restricted stock units ("RSUs") vest over four years, with 1/8th vesting on September 5, 2025, and the remainder of the RSUs to vest 1/16th quarterly on each of December 5, March 5, June 5 and September 5 thereafter, subject to the reporting person's continued service through each applicable vesting date.
Remarks:
/s/ Bruce Wang, as attorney-in-fact for Eric Bach 06/20/2025
** 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

How many RSUs did LCID's SVP of Product & Chief Engineer Eric Bach receive on June 17, 2025?

Eric Bach received 600,000 restricted stock units (RSUs) on June 17, 2025, as reported in the Form 4 filing.

What is the vesting schedule for Eric Bach's new LCID RSU grant?

The RSUs vest over four years, with 1/8th vesting on September 5, 2025, followed by 1/16th vesting quarterly on December 5, March 5, June 5, and September 5 thereafter, contingent on Bach's continued service through each vesting date.

How many shares of LCID stock does Eric Bach own after the June 17, 2025 RSU grant?

Following the RSU grant, Eric Bach beneficially owns 3,835,647 shares of Lucid Group Class A Common Stock held directly (Form D).

What is Eric Bach's position at LCID according to the Form 4?

Eric Bach serves as SVP, Product & Chief Engineer at Lucid Group, Inc. (LCID).

What was the purchase price of the RSUs granted to LCID's Eric Bach?

The RSUs were granted at a price of $0, as indicated in the Form 4 filing under the 'Price' column for the transaction.