Form 4: Lucid CFO Taoufiq Boussaid Reports Stock Withholding

Lucid Group CFO Taoufiq Boussaid reported the withholding of 8,393 shares to satisfy tax obligations related to equity vesting.

Summary

• Taoufiq Boussaid, Chief Financial Officer of Lucid Group, Inc., filed a Form 4 regarding a transaction on June 5, 2026.
• The transaction involved the withholding of 8,393 shares of Class A Common Stock by the issuer.
• The shares were withheld at a price of $5.68 per share to satisfy tax withholding and remittance obligations.
• The withholding was associated with the settlement of performance-based stock units (PSUs) and time-based restricted stock units (RSUs).
• Following this transaction, the reporting person holds 117,829 shares of Lucid Group, Inc.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it is a routine administrative transaction related to executive tax obligations.

Positives

• The transaction is a routine administrative action related to tax obligations upon the vesting of previously granted equity awards.
• The reporting person maintains a significant remaining stake of 117,829 shares.

Negatives

• The transaction represents a reduction in the direct beneficial ownership of the CFO.

Risks

• None identified; this is a standard tax-related equity transaction.

Future Outlook

No forward-looking guidance or strategic outlook provided in this filing.

Management Comments

• The filing notes that the acquisition of the underlying PSUs and RSUs was previously reported.

Industry Context

StockSavvy.ai notes that this is a standard regulatory disclosure for executive compensation and does not reflect a change in corporate strategy or market outlook.

Comparison to Industry Standards

• The transaction follows standard industry practices for executive equity compensation tax settlement.
• The reporting of tax-related share withholding is consistent with SEC requirements for public companies like Tesla, Rivian, and other automotive manufacturers.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard tax-related transaction.

Next Steps

• No future actions or milestones mentioned.

Key Dates

Keywords

Lucid Group, LCID, Form 4, Insider Transaction, CFO, Equity Vesting, Tax Withholding