Lucid Group, Inc. — Director's Dealing 2023

Apr 27, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lucid Group, Inc. (LCID)
CIK: 0001811210
Period of Report: 2023-04-24

Reporting Person: Alnowaiser Turqi A. (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-04-24	Class A Common Stock	A	32258	—	Acquired	2123427	Direct
2023-04-24	Class A Common Stock	F	1191	$7.03	Disposed	2122236	Direct

Footnotes

F1: These restricted stock units ("RSUs") will vest in full on the earlier of (i) the one-year anniversary of the date of grant and (ii) the date of the next annual meeting of stockholders held after the date of grant, in each case, subject to the reporting person's continued service on the board of directors through the applicable vesting date.

F2: The reporting person is deemed a beneficial owner of 10% of issued and outstanding shares of Class A Common Stock of the Issuer because the reporting person has voting power over 1,100,965,202 shares of Class A Common Stock (the "Ayar Shares") beneficially owned by Ayar Third Investment Company ("Ayar"), a wholly-owned subsidiary of The Public Investment Fund, pursuant to authority delegated to him by the sole manager of Ayar. The reporting person does not have and disclaims any pecuniary interest in such Ayar Shares.

F3: Represent shares that have been withheld by the Issuer to satisfy income tax withholding and remittance obligations in connection with the vesting of RSUs reported on a Form 4 filed on June 13, 2022.