Lucid (NASDAQ: LCID) interim CEO awarded PSUs, withholds shares for tax

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Rhea-AI Filing Summary

Lucid Group interim CEO Marc Winterhoff reported equity award and tax-withholding transactions involving Class A Common Stock. On March 3, 2026, he acquired 89,967 shares at $0.00 per share as a grant tied to performance-based restricted stock units (PSUs) whose performance criteria were satisfied.

Footnotes explain that 50% of these PSUs vested on March 5, 2026, with the remainder vesting in 1/8th increments on June 5, 2026, September 5, 2026, December 5, 2026, and March 5, 2027, subject to service-based vesting. On March 5, 2026, 42,925 shares were disposed of at $10.27 per share through withholding by Lucid to satisfy tax obligations related to PSU and restricted stock unit settlements. After the tax-withholding disposition, Winterhoff directly owned 355,065 shares of Lucid Class A Common Stock.

Insider Trade Summary

Net Buyer: 47,042 shares

Net Buy 2 txns

Insider Winterhoff Marc

Role Interim CEO

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Class A Common Stock	42,925	$10.27	$441K
Grant/Award	Class A Common Stock	89,967	$0.00	$0.00

Holdings After Transaction: Class A Common Stock — 355,065 shares (Direct)

Footnotes (2)

F1. Represents performance-based restricted stock unit ("PSUs") as to which the performance criteria have been satisfied. 50% of shares reported in this Form 4 vested on March 5, 2026, and the remaining shares are subject to service-based vesting requirements that will vest in 1/8th increments on June 5, 2026, September 5, 2026, December 5, 2026, and March 5, 2027.
F2. Represents shares withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the settlement of 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.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 03/05/2026 - 06:09 PM

FAQ

What insider transactions did Lucid (LCID) interim CEO Marc Winterhoff report?

Marc Winterhoff reported an equity award and a tax-related share disposition. He received 89,967 Lucid Class A shares as a grant tied to performance-based restricted stock units, then had 42,925 shares withheld by Lucid to cover tax obligations on vested PSUs and RSUs.

How many Lucid (LCID) shares were granted to Marc Winterhoff in this Form 4?

The filing shows Marc Winterhoff acquired 89,967 Lucid Class A Common shares at $0.00 per share. These shares relate to performance-based restricted stock units where performance criteria were met, with vesting split between an immediate portion and future service-based vesting dates through March 5, 2027.

Why were 42,925 Lucid (LCID) shares disposed of in Marc Winterhoff’s Form 4?

The 42,925 shares were withheld by Lucid to satisfy tax withholding and remittance obligations. They relate to the settlement of performance-based restricted stock units and the vesting of time-based restricted stock units previously reported, and were not an open-market sale by Marc Winterhoff.

What is the vesting schedule for Marc Winterhoff’s Lucid (LCID) PSUs in this filing?

The filing states that 50% of the performance-based restricted stock units vested on March 5, 2026. The remaining shares vest in 1/8th increments on June 5, 2026, September 5, 2026, December 5, 2026, and March 5, 2027, subject to continued service-based vesting conditions.

How many Lucid (LCID) shares does Marc Winterhoff own after these transactions?

After the March 5, 2026 tax-withholding disposition, Marc Winterhoff directly owns 355,065 Lucid Class A Common shares. This reflects the net position following the grant of 89,967 shares tied to PSUs and the withholding of 42,925 shares to cover associated tax obligations.

Are Marc Winterhoff’s Lucid (LCID) transactions open-market buys or sales?

No, the reported transactions are not open-market trades. One entry records a grant or award acquisition of 89,967 shares at $0.00, while the other reflects 42,925 shares withheld by Lucid to pay tax liabilities on vested PSUs and RSUs, coded as a tax-withholding disposition.

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)
03/03/2026

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	03/03/2026		A		89,967⁽¹⁾	A	$0	397,990	D
Class A Common Stock	03/05/2026		F		42,925⁽²⁾	D	$10.27	355,065	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 performance-based restricted stock unit ("PSUs") as to which the performance criteria have been satisfied. 50% of shares reported in this Form 4 vested on March 5, 2026, and the remaining shares are subject to service-based vesting requirements that will vest in 1/8th increments on June 5, 2026, September 5, 2026, December 5, 2026, and March 5, 2027.

2. Represents shares withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the settlement of 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.

Remarks:

	/s/ Bruce Wang, as attorney-in-fact for Marc Winterhoff	03/05/2026
	** 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.

Source: View Original Filing on SEC EDGAR