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Lucid Group Form 4: Winterhoff Adds 666k Shares via RSU Grant

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

Rhea-AI Filing Summary

Lucid Group, Inc. (LCID) – Form 4 insider filing dated 20 June 2025

Interim CEO Marc Winterhoff reported the grant of 666,666 Class A RSUs on 17 June 2025. The award price is listed at $0, indicating a routine equity-compensation grant rather than an open-market purchase. Following the transaction, Winterhoff’s direct beneficial ownership rises to 3,450,551 LCID shares.

Vesting schedule: 1/8 of the RSUs (≈83,333 shares) will vest on 5 Sept 2025; the remaining 7/8 vest in equal 1/16 tranches each quarter thereafter (5 Dec, 5 Mar, 5 Jun, and 5 Sept) over a four-year period, subject to continued service.

Context & materiality: • No shares were sold; the filing does not indicate any cash outflow or insider liquidation. • Winterhoff’s post-transaction stake represents well under 0.2 % of Lucid’s outstanding shares, suggesting limited dilution or market impact. • The grant supports executive retention during his interim tenure but does not change control dynamics or signal immediate strategic shifts.

Overall, the Form 4 discloses a non-derivative, routine equity grant to the new interim CEO. The transaction is neutral from a valuation perspective and primarily relevant for corporate-governance tracking.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Routine RSU grant; strengthens interim CEO alignment, negligible ownership impact.

The 666,666-unit RSU award aligns Marc Winterhoff with shareholder interests while Lucid searches for a permanent CEO. The four-year vesting horizon encourages continuity but does not materially alter insider control. No cash was exchanged and dilution is immaterial given Lucid’s multibillion-share base. From a governance lens, the filing is standard practice and signals neither bullish nor bearish intent.

TL;DR: Neutral insider activity—no sales, modest incremental stake.

Because the shares were granted, not bought, the transaction lacks price-discovery value. Winterhoff’s total 3.45 million-share holding remains immaterial relative to float, so portfolio weightings and liquidity outlook are unchanged. Investors may view the absence of insider selling positively, yet the event carries no direct earnings or cash-flow ramifications. I classify the market impact as neutral.

Insider Winterhoff Marc
Role Interim CEO
Type Security Shares Price Value
Grant/Award Class A Common Stock 666,666 $0.00 --
Holdings After Transaction: Class A Common Stock — 3,450,551 shares (Direct)
Footnotes (1)
  1. [object Object]
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*
Winterhoff Marc
(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)
Interim CEO
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 666,666(1) A $0 3,450,551 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 Marc Winterhoff 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 LCID shares did interim CEO Marc Winterhoff receive in the Form 4 filing?

He received 666,666 Class A RSUs on 17 June 2025.

What is Marc Winterhoff’s total LCID share ownership after the RSU grant?

His direct beneficial ownership is 3,450,551 shares.

When do the newly granted RSUs to the LCID interim CEO begin to vest?

The first vesting date is 5 September 2025, when 1/8 of the units vest.

Did the Form 4 report any insider sales of Lucid shares?

No. The filing only reports an acquisition of shares via RSU grant; no sales were disclosed.

Is the RSU grant under a Rule 10b5-1 trading plan?

The filing includes a checkbox for 10b5-1 but does not indicate that this transaction was executed under such a plan.