Lucid Group, Inc. — Director's Dealing 2021

Jul 28, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lucid Group, Inc. (LCID)
CIK: 0001811210
Period of Report: 2021-07-23

Reporting Person: Bach Eric (SVP, Product & Chief Engineer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-23	Class A Common Stock	A	1173177	—	Acquired	1173177	Direct
2021-07-23	Class A Common Stock	A	661000	—	Acquired	1834177	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-23	Stock Options (Right to Buy)	$0.83	A	879698	Acquired	2029-04-21	Class A common stock (879698)	Direct
2021-07-23	Stock Options (Right to Buy)	$0.93	A	1850800	Acquired	2030-07-15	Class A common stock (1850800)	Direct

Footnotes

F1: Received in exchange for 443,713 shares of common stock (the "Common Stock") of Atieva, Inc., d/b/a Lucid Motors ("Lucid") in connection with the merger by and among Churchill Capital Corp IV, Atieva, Inc., d/b/a Lucid Motors and Air Merger Sub, Inc. (the "Merger").

F2: Represents restricted stock units ("RSUs") received in exchange for 250,000 RSUs of Lucid in connection with the Merger. 25% of the RSUs will vest on August 2022 with the remaining 75% of the RSUs vesting in twelve equal quarterly installments through June 2025 subject to continued employment through each applicable vesting date.

F3: Each Lucid stock option was exchanged in the Merger for a stock option to acquire 2.644 shares of common stock of Lucid Group, Inc.

F4: These options were granted in April 2019. 44,067 of these options remain unvested and 50% will vest on August 1, 2021 and the remaining 50% will vest on September 1, 2021.

F5: These options were granted in July 2020. 1,310,985 of these options remain unvested and will vest in equal quarterly installments through May 2024.