SCHEDULE: Bank of America Discloses 5.3% Stake in Lucid Group

Bank of America Corporation has reported a beneficial ownership of 5.3% of Lucid Group, Inc.'s Class A Common Stock as of September 30, 2025.

Summary

• Bank of America Corporation and its subsidiaries beneficially own 17,119,165 shares of Lucid Group, Inc. Class A Common Stock.
• This ownership represents 5.3% of the total outstanding Class A Common Stock.
• The shares are held with shared voting power for 17,108,189 shares and shared dispositive power for 17,119,165 shares.
• The filing was made under Rule 13d-1(b), indicating Bank of America is a qualified institutional investor holding the shares in the ordinary course of business, not for the purpose of changing or influencing control.
• Subsidiaries included in this beneficial ownership are BofA Securities, Inc., Bank of America N.A., Merrill Lynch Pierce Fenner & Smith, Inc., Merrill Lynch International, and BofA Securities Europe SA.

Sentiment

Score: 6

Explanation: The filing is a standard disclosure of beneficial ownership by a large financial institution, indicating a significant stake in Lucid Group. While not directly impacting operational performance, it suggests institutional confidence.

Positives

• Significant institutional investment from Bank of America, potentially signaling confidence in Lucid Group's long-term prospects.
• The holding is for ordinary course of business, which is a standard practice for large financial institutions and not indicative of an activist stake.

Future Outlook

NA

Industry Context

This disclosure highlights continued institutional interest in the electric vehicle (EV) sector, with major financial institutions like Bank of America taking significant positions in companies such as Lucid Group. Such investments can reflect broader market sentiment regarding the growth potential and long-term viability of EV manufacturers.

Stakeholder Impact

• Shareholders: Increased institutional ownership may be viewed positively, potentially enhancing liquidity and signaling confidence in the company's future.
• Company Management: Awareness of a significant institutional holder may influence strategic considerations, though the filing explicitly states the holding is not for control purposes.

Key Dates

Recommendation

Bank of America's disclosure of a 5.3% beneficial ownership in Lucid Group indicates significant institutional interest. While this filing does not provide operational or financial performance data, the presence of a major financial institution as a substantial shareholder can be interpreted as a vote of confidence in the company's long-term prospects. For existing investors, this might reinforce a 'hold' position, suggesting continued monitoring of the company's performance alongside this institutional backing. New investors would need to conduct further due diligence beyond this ownership disclosure.

Keywords

Lucid Group, LCID, Bank of America, BAC, Schedule 13G, Beneficial Ownership, Class A Common Stock, Institutional Investor, Electric Vehicles, Automotive