Was the 19,575-share disposition an open-market sale for LCID?

No. The filing states the shares were withheld by the issuer for tax withholding in connection with the settlement of previously reported equity awards.

Lucid Insider Filing: Interim CEO Withheld 19,575 Shares for Taxes

Q: What did Marc Winterhoff report on his LCID Form 4?

The Form 4 reports a disposition of 19,575 Class A shares on 09/05/2025 at $16.16 , withheld by the issuer to satisfy tax obligations related to vested PSUs and RSUs.

Q: How many LCID shares does Winterhoff beneficially own after this filing?

Following the reported transaction and accounting for the 1-for-10 reverse stock split , the filing shows beneficial ownership of 325,480 shares .

Q: When was the reverse stock split and how did it affect the numbers reported?

The filing states a 1-for-10 reverse stock split was effectuated on August 29, 2025 , and share and dollar amounts in the filing give effect to that split with rounding adjustments noted.

Q: Who signed the Form 4 for Marc Winterhoff and when?

The Form 4 was signed by Bruce Wang, as attorney-in-fact for Marc Winterhoff on 09/09/2025 .

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Marc Winterhoff, Interim CEO of Lucid Group, Inc. (LCID), reported a Section 16 transaction dated 09/05/2025. The filing shows 19,575 shares of Class A common stock were disposed at a price of $16.16. The filing explains these shares were withheld by the issuer to satisfy tax withholding obligations in connection with the settlement of performance-based restricted stock units and the vesting of time-based restricted stock units that were previously reported. Following the transaction and reflecting a 1-for-10 reverse stock split effectuated on August 29, 2025, Winterhoff beneficially owns 325,480 shares. The Form 4 was signed by an attorney-in-fact on 09/09/2025.

Positive

Transaction clearly disclosed with explanation that shares were withheld to satisfy tax obligations
Beneficial ownership updated after the 1-for-10 reverse stock split showing 325,480 shares
Filing signed by attorney-in-fact indicating formal execution and compliance with reporting requirements

Negative

Shares were disposed (19,575) to cover taxes, reducing the reporting person’s immediate share count
Reverse stock split required rounding adjustments to reported beneficial ownership, which can complicate direct comparisons to prior filings

Insights

TL;DR: Transaction is a tax-withholding disposition tied to executive equity vesting; not an open-market sale.

The Form 4 records a disposition of 19,575 shares at $16.16 explained as issuer withholding to cover taxes on vested PSUs and RSUs. This is a routine administrative disposition that does not indicate voluntary monetization of shares by the executive. Beneficial ownership after the reverse split is 325,480 shares, which provides a clear post-split ownership level but no change in economic stake beyond the vesting event. Impact on LCID float and immediate market liquidity is likely negligible.

TL;DR: The filing documents standard executive compensation settlement and compliance with withholding obligations.

The explanation clarifies the disposition was for tax withholding related to previously reported PSUs and RSUs, consistent with common executive compensation mechanics. The filing properly notes the effect of a recent 1-for-10 reverse stock split and rounding adjustments to beneficial ownership. There are no departures, option exercises, or new grants disclosed in this Form 4 that would raise governance concerns.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Winterhoff Marc

Role Interim CEO

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock	19,575	$16.16	$316K

Holdings After Transaction: Class A Common Stock — 325,480 shares (Direct)

Footnotes (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 →

09/09/2025 - 05:06 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^*

Winterhoff Marc

(Last)

(First)

(Middle)

C/O LUCID GROUP, INC.

7373 GATEWAY BOULEVARD

(Street)

NEWARK

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)
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)
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	09/05/2025		F		19,575⁽¹⁾⁽²⁾	D	$16.16⁽²⁾	325,480⁽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)
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 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 Marc Winterhoff	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 Marc Winterhoff report on his LCID Form 4?

The Form 4 reports a disposition of 19,575 Class A shares on 09/05/2025 at $16.16, withheld by the issuer to satisfy tax obligations related to vested PSUs and RSUs.

How many LCID shares does Winterhoff beneficially own after this filing?

Following the reported transaction and accounting for the 1-for-10 reverse stock split, the filing shows beneficial ownership of 325,480 shares.

When was the reverse stock split and how did it affect the numbers reported?

The filing states a 1-for-10 reverse stock split was effectuated on August 29, 2025, and share and dollar amounts in the filing give effect to that split with rounding adjustments noted.

Who signed the Form 4 for Marc Winterhoff and when?

The Form 4 was signed by Bruce Wang, as attorney-in-fact for Marc Winterhoff on 09/09/2025.