Bank of America (NYSE: BAC) reports 1.1% Lucid Group ownership

Rhea-AI Filing Summary

Bank of America Corporation filed an amended Schedule 13G for its holdings in Lucid Group, Inc. Class A common stock. The firm reports beneficial ownership of 3,450,865 shares, representing 1.1% of Lucid’s Class A stock, with shared voting power over 3,439,889 shares and shared dispositive power over 3,450,865 shares as of September 30, 2025.

This amendment replaces an earlier filing to correct the figures after Lucid’s 1-for-10 reverse stock split on September 2, 2025 and to properly account for securities convertible into Class A stock, using 324,164,267 shares outstanding as the base. The filing states that Bank of America’s beneficial ownership has never exceeded 5% of Lucid’s outstanding Class A shares and that the securities are held in the ordinary course of business, not to change or influence control of Lucid.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Lucid Group, Inc.

(Name of Issuer)

Class A Common Stock

(Title of Class of Securities)

549498202

(CUSIP Number)

09/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 549498202

1

Names of Reporting Persons

BANK OF AMERICA CORP /DE/

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 3,439,889.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,450,865.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,450,865.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.1 %

12

Type of Reporting Person (See Instructions)

HC

Comment for Type of Reporting Person: This Amendment to Schedule 13G supersedes and replaces the original Schedule 13G filed on November 14, 2025 to correct and update the information previously reported with respect to Shared Voting Power, Shared Dispositive Power, Aggregate Amount Beneficially Owned by Each Reporting Person, and Percent of Class. The Issuer effected a 1 for 10 reverse stock split on September 2, 2025, which was not reflected in the original calculation of beneficial ownership, particularly with respect to securities convertible into Class A Common Stock. Beneficial ownership reported herein has been recalculated, using 324,164,267 shares of Class A Common Stock outstanding as of September 30, 2025, as disclosed in Exhibit 99.1 to the Issuer's Form 8-K filed on November 5, 2025. At no time has the Reporting Person's beneficial ownership exceeded five percent of the Issuer's outstanding Class A Common Stock.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Lucid Group, Inc.
(b)	Address of issuer's principal executive offices: 7373 GATEWAY BLVD., NEWARK, CALIFORNIA, 94560.
Item 2.
(a)	Name of person filing: BANK OF AMERICA CORP /DE/
(b)	Address or principal business office or, if none, residence: 100 N TRYON ST CHARLOTTE, NC 28255
(c)	Citizenship: Delaware
(d)	Title of class of securities: Class A Common Stock
(e)	CUSIP No.: 549498202
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 3,450,865.00
(b)	Percent of class: 1.1%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0.00
	(ii) Shared power to vote or to direct the vote: 3,439,889.00
	(iii) Sole power to dispose or to direct the disposition of: 0.00
	(iv) Shared power to dispose or to direct the disposition of: 3,450,865.00
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. This statement on Schedule 13G is being filed by Bank of America Corporation on behalf of itself and its wholly owned subsidiaries BofA Securities, Inc., a broker dealer registered under section 15 of the Act (15 U.S.C. 78o); Bank of America N.A., a bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); Merrill Lynch Pierce Fenner & Smith, Inc., a broker dealer registered under section 15 of the Act (15 U.S.C. 78o); Merrill Lynch International, a non-U.S. institution in accordance with section 240.13d-1(b)(1)(ii)(J); and BofA Securities Europe SA, a non-U.S. institution in accordance with section 240.13d-1(b)(1)(ii)(J).
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BANK OF AMERICA CORP /DE/

Signature:	/s/ Andres Ortiz
Name/Title:	Authorized Signatory
Date:	01/13/2026

FAQ

What Lucid Group (BAC) stake does Bank of America report in this Schedule 13G/A?

Bank of America Corporation reports beneficial ownership of 3,450,865 shares of Lucid Group, Inc. Class A common stock, representing 1.1% of that class as of September 30, 2025.

Did Bank of America ever own more than 5% of Lucid Group’s Class A stock?

The filing states that at no time has Bank of America’s beneficial ownership exceeded 5% of Lucid Group’s outstanding Class A common stock.

Why did Bank of America amend its Lucid Group Schedule 13G?

The amendment supersedes an original filing to correct and update the reported shared voting power, shared dispositive power, aggregate beneficial ownership, and percentage of class after Lucid’s 1-for-10 reverse stock split on September 2, 2025.

What share count did Bank of America use to calculate its 1.1% Lucid ownership?

The beneficial ownership percentage is calculated using 324,164,267 Lucid Group Class A shares outstanding as of September 30, 2025, as disclosed in an exhibit to Lucid’s Form 8-K.

Is Bank of America seeking to influence control of Lucid Group with this stake?

No. The certification states the securities were acquired and are held in the ordinary course of business and not for the purpose or with the effect of changing or influencing control of Lucid Group.

Which Bank of America entities are associated with the reported Lucid holdings?

The statement is filed by Bank of America Corporation on behalf of itself and wholly owned subsidiaries including BofA Securities, Inc., Bank of America N.A., Merrill Lynch Pierce Fenner & Smith, Inc., Merrill Lynch International, and BofA Securities Europe SA.