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Lucid Group, Inc. — Director's Dealing 2024
Jul 26, 2024
30784_dirs_2024-07-25_1d42c018-8b6b-49c1-86dc-a330902d13c6.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Lucid Group, Inc. (LCID)
CIK: 0001811210
Period of Report: 2024-07-23
Reporting Person: Alnowaiser Turqi A. (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-07-23 | Class A Common Stock | F | 534 | $3.59 | Disposed | 2214092 | Direct |
Footnotes
F1: Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the time-based vesting of restricted stock units reported on a Form 4 filed on October 27, 2021.
F2: The reporting person is deemed a beneficial owner of 10% of issued and outstanding shares of Class A Common Stock of the Issuer (the "Class A Common Stock") because the reporting person has voting power over 1,659,315,920 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, which Ayar Shares include shares of Class A Common Stock issuable upon conversion of 100,000 shares of Series A Convertible Preferred Stock of the Issuer held by Ayar. The reporting person does not have and disclaims any pecuniary interest in such Ayar Shares.