Form 4: Lucid CFO's Stock Transaction Post-Reverse Split

Lucid Group's CFO, Taoufiq Boussaid, reported a disposition of 4,499 shares for tax obligations following the company's 1-for-10 reverse stock split.

Summary

• Taoufiq Boussaid, Chief Financial Officer of Lucid Group, Inc. (LCID), reported a transaction on September 5, 2025.
• The transaction involved the disposition of 4,499 shares of Class A Common Stock.
• These shares were withheld by Lucid Group to satisfy tax withholding and remittance obligations related to the vesting of time-based restricted stock units (RSUs).
• The shares were valued at $16.16 per share for the purpose of this transaction.
• Following this transaction, Mr. Boussaid beneficially owns 93,146 shares of Class A Common Stock.
• All share and dollar amounts reported reflect the company's 1-for-10 reverse stock split, which became effective on August 29, 2025.
• The number of beneficially owned shares has been updated to account for rounding due to the reverse stock split.

Sentiment

Score: 5

Explanation: The filing reports a routine disposition of shares by the CFO to cover tax obligations related to RSU vesting, which is a standard compensation event and not indicative of a change in company fundamentals or management's outlook. The reverse stock split is a factual event already known.

Positives

• Vesting of restricted stock units (RSUs) for the CFO, indicating compensation realization.

Negatives

• Disposition of 4,499 shares, although for tax purposes, reduces direct ownership.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Minimal direct impact as it's a routine tax-related transaction, not a discretionary sale. The reverse stock split, however, could have broader implications for share price perception and liquidity, but this filing only reports its effect on share counts.
• Employees: The RSU vesting is positive for the CFO as it represents compensation realization.

Key Dates

Keywords

Lucid Group, LCID, Taoufiq Boussaid, CFO, Form 4, Insider Transaction, Stock Split, Restricted Stock Units, RSU Vesting, Tax Withholding