Form 4: Lucid Group Director Andrew Liveris Reports Acquisition of Over 113,000 Restricted Stock Units

Lucid Group, Inc. Director Andrew N. Liveris has reported the acquisition of 113,544 Class A Common Stock through restricted stock unit grants, increasing his direct beneficial ownership to 798,930 shares.

Summary

• Andrew N. Liveris, a Director of Lucid Group, Inc. (LCID), acquired a total of 113,544 shares of Class A Common Stock through Restricted Stock Unit (RSU) grants on June 5, 2025.
• One grant involved 108,713 RSUs, which will vest on the earlier of the one-year anniversary of the grant date or the date of the next annual meeting of stockholders, contingent on his continued service on the board. Shares will be issued upon a designated deferred settlement date.
• A second grant involved 4,831 RSUs, which vested in full on the date of the grant in connection with past service.
• Following these transactions, Mr. Liveris's direct beneficial ownership of Class A Common Stock increased to 798,930 shares.
• Additionally, 400,000 shares of Common Stock are held indirectly by Liveris Capital Partners LLC, though Mr. Liveris disclaims beneficial ownership of these shares. These shares were part of a distribution in January 2023.

Sentiment

Score: 7

Explanation: The RSU grants are a positive sign of continued director commitment and alignment with shareholder interests, which is generally viewed favorably. There are no negative operational or financial details in this filing.

Positives

• The grant of Restricted Stock Units (RSUs) to Director Andrew N. Liveris aligns his interests with those of shareholders, incentivizing long-term performance and retention.
• The vesting schedule for the 108,713 RSUs encourages continued service on the board of directors.

Negatives

• The RSU grants, while common compensation, represent a potential future dilution of existing shareholder equity upon conversion to common stock.

Risks

• No specific risks related to company operations or financial health are detailed in this Form 4 filing. The primary risk associated with RSU grants is potential future dilution of existing shares upon conversion.

Future Outlook

The vesting schedule for a portion of the granted RSUs indicates a future commitment of the reporting person to continued service on the board of directors, aligning with the company's long-term governance and strategic objectives.

Industry Context

This Form 4 filing reflects a standard practice in corporate governance where publicly traded companies grant equity awards, such as Restricted Stock Units (RSUs), to their directors as a form of compensation and to align their interests with long-term shareholder value. Such grants are common across the automotive and technology sectors, particularly for companies like Lucid Group that are in growth phases and rely on attracting and retaining experienced leadership.

Corporate Governance

Related Party Transactions

• 400,000 shares of Common Stock are held indirectly by Liveris Capital Partners LLC. Mr. Liveris disclaims beneficial ownership of these shares, which were received as part of a distribution from Churchill Sponsor IV LLC in January 2023.

Stakeholder Impact

• Shareholders: The RSU grants align the director's interests with shareholders, potentially leading to better long-term decision-making. However, they also represent a future dilutive event when the RSUs convert to common stock.
• Management: The RSU grants serve as a retention and incentive mechanism for the director.

Next Steps

• Vesting of 108,713 RSUs on the earlier of the one-year anniversary of the grant date (June 5, 2026) or the date of the next annual meeting of stockholders held after the grant date, subject to continued service.
• Issuance of shares for the 108,713 RSUs upon the designated deferred settlement date.

Key Dates

Keywords

Lucid Group, LCID, Andrew Liveris, Form 4, SEC filing, Restricted Stock Units, RSU, insider transaction, beneficial ownership, director compensation, equity grant