Form 4: Lucid Group CFO's Stock Transaction: Tax Withholding on RSU Vesting
Insider Transaction Report
Lucid Group's Chief Financial Officer, Taoufiq Boussaid, reported a disposition of 179,890 Class A Common Stock shares to satisfy tax obligations related to the vesting of restricted stock units.
Summary
- Lucid Group, Inc.'s Chief Financial Officer, Taoufiq Boussaid, filed a Form 4 detailing a transaction on June 5, 2025.
- The transaction involved the disposition of 179,890 shares of Class A Common Stock.
- These shares were withheld by Lucid Group to cover tax withholding and remittance obligations associated with the settlement of time-based vesting of restricted stock units (RSUs).
- The shares were valued at $2.23 per share for the purpose of this tax withholding.
- Following this transaction, Mr. Boussaid directly beneficially owns 976,448 shares of Class A Common Stock.
- The acquisition of the underlying RSUs was previously reported on a Form 4 filed on January 31, 2025.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is a routine, non-discretionary tax withholding event related to RSU vesting, which does not reflect a discretionary sale or purchase by the insider.
Future Outlook
The document does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
This Form 4 filing is a routine disclosure of an insider stock transaction, specifically related to tax withholding upon RSU vesting, which is a common compensation practice across various industries, including the automotive and technology sectors where Lucid Group operates.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Taoufiq Boussaid granted a Power of Attorney to Gagan Dhingra, Brian Tomkiel, Doug Stewart, and Bruce Wang to execute and file Forms 3, 4, 5, and 144 on his behalf, ensuring compliance with Section 16(a) of the Securities Exchange Act of 1934 and the Securities Act of 1933. | 06/02/2025 | This is a standard corporate governance practice to facilitate timely and accurate SEC filings for insiders, ensuring compliance with reporting obligations. |
Stakeholder Impact
- Shareholders: The transaction is a routine tax-related disposition and does not indicate a change in the insider's confidence in the company or a significant shift in ownership structure. It is unlikely to have a material impact on shareholders.
- Employees: No direct impact on employees is indicated by this filing.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Date of previous Form 4 filing reporting the acquisition of RSUs. |
| 06/02/2025 | Date Power of Attorney was executed by Taoufiq Boussaid. |
| 06/05/2025 | Date of the reported transaction (disposition of shares for tax withholding). |
| 06/09/2025 | Date the Form 4 was signed and filed. |
Keywords
Lucid Group, LCID, Form 4, SEC filing, insider transaction, stock disposition, tax withholding, restricted stock units, RSUs, Chief Financial Officer, Taoufiq Boussaid
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