Uber reports 11.52% stake in Lucid

Uber Technologies, Inc. reports beneficial ownership of 37,753,583 shares of Lucid Group, Inc. Class A common stock, representing 11.52% of the Class A shares.

Rhea-AI Filing Summary

Uber Technologies, Inc. reports beneficial ownership of 37,753,583 shares of Lucid Group, Inc. Class A common stock, representing 11.52% of the Class A shares. These shares are held through SMB Holding, an indirect, wholly owned subsidiary of Uber.

The ownership percentage was calculated based on 327,684,243 Class A shares issued as of February 18, 2026. The statement is signed by Balaji Krishnamurthy, Chief Financial Officer, dated April 20, 2026. CUSIP for the Class A shares is 549498202.

Insights

Corporate Governance Analyst

Uber discloses a significant passive stake in Lucid via a subsidiary.

Uber reports ownership of 37,753,583 Class A shares of Lucid, equal to 11.52% of the class based on the issuer's stated share count as of February 18, 2026. The stake is held through SMB Holding, a wholly owned indirect subsidiary.

Because this is a Schedule 13G disclosure, it typically indicates passive or qualifying investor status rather than an active takeover intent. Subsequent filings or amendments could change classification or report transactional activity.

Key Figures

Reported shares owned: 37,753,583 shares Percent of Class A: 11.52% Class A issued shares: 327,684,243 shares +3 more

6 metrics

Reported shares owned 37,753,583 shares Amount beneficially owned by Uber via SMB Holding

Percent of Class A 11.52% Percent of Class A Common Stock based on disclosed share count

Class A issued shares 327,684,243 shares Class A Common Stock issued as of February 18, 2026

Form type Schedule 13G Beneficial ownership statement filed by Uber

CUSIP 549498202 Lucid Class A Common Stock CUSIP

Sole voting power 37,753,583 shares Number of shares over which sole voting power is claimed

Key Terms

Schedule 13G, beneficially owned, sole dispositive power, indirect subsidiary

4 terms

Schedule 13G regulatory

"This Statement is being filed by Uber Technologies, Inc."

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

beneficially owned financial

"Amount beneficially owned: 37,753,583.00"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole dispositive power regulatory

"Sole power to dispose or to direct the disposition of: 37,753,583.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

indirect subsidiary other

"held through SMB Holding, a wholly-owned, indirect subsidiary"

FAQ

What stake does Uber (LCID) report in Lucid?

Uber reports ownership of 37,753,583 Lucid Class A shares (11.52%). These shares are held through SMB Holding, an indirect wholly owned subsidiary, using a base of 327,684,243 Class A shares issued as of February 18, 2026.

How was Uber's 11.52% ownership percentage calculated?

The percentage uses 327,684,243 Class A shares issued as of February 18, 2026. The filing states the percent was calculated from that issued share count as described in Lucid's Form 10-K referenced in the statement.

Who filed the ownership statement for Uber?

The filing was submitted by Uber Technologies, Inc., signed by CFO Balaji Krishnamurthy. The signature block shows the filing date of April 20, 2026, and identifies the subsidiary SMB Holding as the holder.

Are Uber's Lucid shares held directly or through an affiliate?

Shares are held through SMB Holding, a wholly owned, indirect subsidiary of Uber. The statement identifies SMB Holding as the entity through which Uber beneficially owns the 37,753,583 Class A shares.

What voting and disposition powers does Uber report?

Uber reports sole voting power and sole dispositive power over 37,753,583 shares. The filing lists zero shared voting or dispositive power for the reported Class A shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/20/2026 - 04:18 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Lucid Group, Inc.

(Name of Issuer)

Class A Common Stock, par value $0.0001 per share

(Title of Class of Securities)

549498202

(CUSIP Number)

04/14/2026

(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)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 549498202

1

Names of Reporting Persons

Uber Technologies, Inc

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 37,753,583.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 37,753,583.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

37,753,583.00

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)

11.52 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: Note for (11) - The percent of Class A Common Stock, beneficially owned by the Reporting Person was calculated based on the 327,684,243 Class A Common Stock issued as of February 18, 2026, as described in the Issuer's report on Form 10-K filed with the Securities and Exchange Commission on February 24, 2026.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Lucid Group, Inc.
(b)	Address of issuer's principal executive offices: 7373 Gateway Boulevard, Newark, CA 94560
Item 2.
(a)	Name of person filing: This Statement is being filed by Uber Technologies, Inc. (the "Reporting Person" or "Uber"), a publicly traded Delaware corporation, because the Reporting Person holds 37,753,583.00 Class A common stock, par value $0.0001 per share ("Class A Common Stock") of Lucid Group, Inc. (the "Issuer") through SMB Holding Corporation ("SMB Holding"), a wholly-owned, indirect subsidiary of the Reporting Person.
(b)	Address or principal business office or, if none, residence: 1725 3rd Street San Francisco, CA 94158
(c)	Citizenship: Delaware
(d)	Title of class of securities: Class A Common Stock, par value $0.0001 per share
(e)	CUSIP Number(s): 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: 37,753,583.00
(b)	Percent of class: 11.52%*
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 37,753,583.00
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 37,753,583.00
	(iv) Shared power to dispose or to direct the disposition of: 0 * The percent of Class A Common Stock, beneficially owned by the Reporting Person was calculated based on the 327,684,243 Class A Common Stock issued as of February 18, 2026, as described in the Issuer's report on Form 10-K filed with the Securities and Exchange Commission on February 24, 2026.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
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. See attached Exhibit A relating to the securities that are held by SMB Holding, a subsidiary of the Reporting Person.
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 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.

Uber Technologies, Inc

Signature:	/s/ Balaji Krishnamurthy
Name/Title:	Balaji Krishnamurthy/Chief Financial Officer
Date:	04/20/2026

Exhibit Information

Exhibit A - Identification of Subsidiary