Form 4: Lucid Group Director Alnowaiser Reports Tax Withholding Share Transaction
SEC Form 4 Filing
Director Turqi A. Alnowaiser reports the withholding of 4,432 Class A Common Stock shares by Lucid Group to cover tax obligations related to vested restricted stock units.
Summary
- On April 24, 2024, Turqi A. Alnowaiser, a director of Lucid Group, Inc., reported a transaction involving Class A Common Stock.
- The transaction involved the withholding of 4,432 shares by Lucid Group to satisfy tax withholding obligations.
- The shares were withheld at a price of $2.52 per share.
- Following the transaction, Alnowaiser beneficially owns 2,117,804 shares of Class A Common Stock directly.
- Alnowaiser is also deemed a beneficial owner of 1,366,658,905 shares of Class A Common Stock through Ayar Third Investment Company, a subsidiary of The Public Investment Fund, but disclaims any pecuniary interest in these shares.
Sentiment
Score: 5
Explanation: This is a neutral filing related to tax obligations, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and tax obligations, common for publicly traded companies. It doesn't necessarily reflect a strategic shift or major event for Lucid Group.
Key Dates
| Date | Description |
|---|---|
| 04/26/2023 | Date of Form 4 filing related to restricted stock units vesting. |
| 04/24/2024 | Date of the reported transaction (tax withholding). |
| 04/26/2024 | Date of signature for 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.