Form 4: Lucid Group CEO Peter Rawlinson Executes Stock Options and Sells Shares for Tax Obligations
SEC Form 4 Filing
Lucid Group's CEO, Peter Rawlinson, exercised stock options and sold shares to cover tax obligations, according to a recent SEC filing.
Summary
- Peter Rawlinson, CEO of Lucid Group, executed stock options to acquire 181,467 shares of Class A Common Stock at a price of $0.83 per share on December 6, 2024.
- On December 5, 2024, 476,261 shares were withheld by Lucid to cover tax obligations related to previously vested restricted stock units at a price of $2.1 per share.
- Following these transactions, Rawlinson directly owns 18,235,847 shares of Class A Common Stock and 7,569,809 stock options.
Sentiment
Score: 5
Explanation: The document reflects standard executive transactions and does not indicate any positive or negative sentiment. It is a neutral disclosure.
Industry Context
This filing is a routine disclosure of insider transactions and is common for publicly traded companies. It provides transparency into the stock ownership of key executives.
Comparison to Industry Standards
- Executive stock option exercises and tax-related share sales are standard practice across publicly listed companies, including those in the automotive and technology sectors.
- Similar filings are regularly made by executives at companies like Tesla (TSLA) and Rivian (RIVN), reflecting similar compensation structures and tax obligations.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 07/23/2021 | Date stock options were granted, as previously reported. |
| 07/27/2021 | Date of previous Form 4 filing related to the grant of stock options and restricted stock units. |
| 12/05/2024 | Date shares were withheld for tax obligations. |
| 12/06/2024 | Date stock options were exercised. |
| 12/09/2024 | Date the SEC Form 4 was signed. |
| 04/21/2029 | Expiration date of the stock options. |
Keywords
Lucid Group, Peter Rawlinson, stock options, SEC Form 4, insider trading, equity, tax obligations, Class A Common Stock
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