Lucid Group, Inc. (LCID) director granted RSUs; shares withheld for taxes

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Lucid Group, Inc. director and 10% beneficial owner Turqi A. Alnowaiser reported equity compensation and related tax withholding in Class A Common Stock. On June 4, 2026, he acquired 1,299 shares and 43,870 restricted stock units (RSUs) as grant/award acquisitions at $0.00 per share.

A separate entry shows 1,248 shares withheld at $5.72 per share to satisfy tax obligations tied to time-based RSU vesting. After these transactions, he directly held 231,182 shares of Class A Common Stock. Footnotes state he has voting power over 280,188,185 Ayar Shares as a co-manager of Ayar but disclaims any pecuniary interest in those shares.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Alnowaiser Turqi A.

Role null

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock	1,248	$5.72	$7K
Grant/Award	Class A Common Stock	43,870	$0.00	--
Grant/Award	Class A Common Stock	1,299	$0.00	--

Holdings After Transaction: Class A Common Stock — 231,182 shares (Direct, null)

Footnotes (1)

Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the time-based vesting of restricted stock units previously reported on Form 4s filed by the reporting person. The reporting person is deemed a beneficial owner of 10% of the issued and outstanding shares of Class A Common Stock of the Issuer because the reporting person has voting power over 280,188,185 shares of Class A Common Stock (the "Ayar Shares") beneficially owned by Ayar Third Investment Company ("Ayar"), a wholly-owned subsidiary of The Public Investment Fund ("PIF"), pursuant to authority delegated to him as a co-manager of Ayar, as reported on the Schedule 13D/A filed with the Securities and Exchange Commission on April 30, 2026, by the PIF. The reporting person does not have, and disclaims, any pecuniary interest in such Ayar Shares. These restricted stock units ("RSUs") will vest in full on the earlier of (i) the one-year anniversary of the date of grant or (ii) the date of the next annual meeting of stockholders held after the date of grant, in each case, subject to the reporting person's continued service on the board of directors through the applicable vesting date. RSUs are settled in shares of Class A Common Stock on a one-for-one basis. These RSUs vest in full on the date of the grant in connection with past service.

Key Figures

Share grant: 1,299 shares RSU grant: 43,870 RSUs Tax withholding shares: 1,248 shares +3 more

6 metrics

Share grant 1,299 shares Grant/award acquisition of Class A Common Stock on June 4, 2026

RSU grant 43,870 RSUs Grant/award acquisition on June 4, 2026, settled one-for-one in shares

Tax withholding shares 1,248 shares Shares withheld to satisfy tax obligations at $5.72 per share

Tax withholding price $5.72 per share Value used for shares withheld for tax obligations

Direct holdings after transactions 231,182 shares Class A Common Stock held directly after reported Form 4 transactions

Ayar Shares with voting power 280,188,185 shares Shares over which the reporting person has voting power via Ayar

Key Terms

restricted stock units ("RSUs"), tax withholding and remittance obligations, beneficial owner of 10% of the issued and outstanding shares, pecuniary interest, +1 more

5 terms

restricted stock units ("RSUs") financial

"These restricted stock units ("RSUs") will vest in full on the earlier of"

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

tax withholding and remittance obligations financial

"withheld by the Issuer to satisfy tax withholding and remittance obligations in connection"

beneficial owner of 10% of the issued and outstanding shares financial

"The reporting person is deemed a beneficial owner of 10% of the issued and outstanding shares"

pecuniary interest financial

"The reporting person does not have, and disclaims, any pecuniary interest in such Ayar Shares."

time-based vesting financial

"in connection with the time-based vesting of restricted stock units previously reported"

Time-based vesting is a schedule that gives employees or contractors ownership of granted stock or options gradually as they remain with a company, like unlocking rewards in a loyalty program the longer you stick around. For investors, it matters because it affects future share supply, management incentives and staff retention — all of which can influence company performance and dilution of existing shareholders.

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Form 4 Insider Transactions: What Each Field Means →

06/08/2026 - 04:28 PM

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^*

Alnowaiser Turqi A.

(Last)

(First)

(Middle)

C/O LUCID GROUP, INC.

7373 GATEWAY BOULEVARD

(Street)

NEWARK

CALIFORNIA

94560

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Lucid Group, Inc. [ LCID ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/04/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	06/04/2026		F		1,248⁽¹⁾	D	$5.72	231,182	D⁽²⁾
Class A Common Stock	06/04/2026		A		43,870⁽³⁾	A	$0⁽⁴⁾	275,052	D⁽²⁾
Class A Common Stock	06/04/2026		A		1,299⁽⁵⁾	A	$0⁽⁴⁾	276,351	D⁽²⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the time-based vesting of restricted stock units previously reported on Form 4s filed by the reporting person.

2. The reporting person is deemed a beneficial owner of 10% of the issued and outstanding shares of Class A Common Stock of the Issuer because the reporting person has voting power over 280,188,185 shares of Class A Common Stock (the "Ayar Shares") beneficially owned by Ayar Third Investment Company ("Ayar"), a wholly-owned subsidiary of The Public Investment Fund ("PIF"), pursuant to authority delegated to him as a co-manager of Ayar, as reported on the Schedule 13D/A filed with the Securities and Exchange Commission on April 30, 2026, by the PIF. The reporting person does not have, and disclaims, any pecuniary interest in such Ayar Shares.

3. These restricted stock units ("RSUs") will vest in full on the earlier of (i) the one-year anniversary of the date of grant or (ii) the date of the next annual meeting of stockholders held after the date of grant, in each case, subject to the reporting person's continued service on the board of directors through the applicable vesting date.

4. RSUs are settled in shares of Class A Common Stock on a one-for-one basis.

5. These RSUs vest in full on the date of the grant in connection with past service.

Remarks:

	/s/ Bruce Wang, as attorney-in-fact for Turqi A. Alnowaiser	06/08/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Lucid (LCID) director Turqi A. Alnowaiser report on this Form 4?

Turqi A. Alnowaiser reported stock-based compensation and related tax withholding. He received 1,299 shares and 43,870 RSUs of Lucid Class A stock, while 1,248 shares were withheld at $5.72 to cover tax obligations linked to previously granted RSUs.

How many Lucid (LCID) shares did Turqi A. Alnowaiser acquire in the latest grants?

He acquired 1,299 shares and 43,870 restricted stock units. These RSUs either vest over time or in connection with service as a director, and are settled one-for-one in Class A Common Stock when vesting conditions described in the footnotes are satisfied.

Why were 1,248 Lucid (LCID) shares withheld in Turqi A. Alnowaiser’s Form 4?

The 1,248 shares were withheld by Lucid to satisfy tax withholding and remittance obligations. This withholding relates to the time-based vesting of previously reported RSUs and is a tax payment mechanism, not an open-market sale or discretionary disposition of shares.

How many Lucid (LCID) shares does Turqi A. Alnowaiser hold directly after these transactions?

Following the reported transactions, he directly holds 231,182 shares of Lucid Class A Common Stock. This figure reflects the net position after the new share and RSU awards and the 1,248 shares withheld to cover tax obligations associated with RSU vesting.

Why is Turqi A. Alnowaiser considered a 10% beneficial owner of Lucid (LCID)?

He is deemed a 10% beneficial owner because he has voting power over 280,188,185 Lucid shares held by Ayar Third Investment Company. This authority is delegated to him as a co-manager of Ayar, although he disclaims any pecuniary interest in those Ayar Shares.

How do the reported RSUs for Lucid (LCID) director Turqi A. Alnowaiser vest?

One RSU grant vests on the earlier of one year from grant or the next annual stockholders’ meeting, subject to continued board service. Another RSU grant vests in full on the grant date for past service, and RSUs settle one-for-one in Class A Common Stock.