Form 4: Lucid Group CEO Peter Rawlinson Reports Tax-Related Stock Transaction
SEC Form 4 Filing
Peter Rawlinson, CEO of Lucid Group, reports the withholding of shares to cover tax obligations related to previously vested restricted stock units.
Summary
- On June 5, 2024, Peter Rawlinson, CEO and Chief Technology Officer of Lucid Group, Inc., reported a transaction involving Class A Common Stock.
- The transaction involved the withholding of 476,262 shares by Lucid Group to satisfy tax obligations related to the vesting of restricted stock units.
- The price per share was $2.85.
- Following the transaction, Rawlinson beneficially owns 19,006,903 shares of Lucid Group.
- The report was filed on June 7, 2024, by Benjamin Uy as attorney-in-fact for Peter Rawlinson.
Sentiment
Score: 5
Explanation: This is a neutral report of a routine transaction related to tax obligations. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 07/27/2021 | Date of Form 4 filing related to vesting of restricted stock units. |
| 06/05/2024 | Date of the stock transaction (tax withholding). |
| 06/07/2024 | Date of the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.