Form 4: Lucid Group Director Chabi Nouri Reports Significant RSU Grant and Stock Transactions

Lucid Group Director Chabi Nouri reported recent stock transactions, including the acquisition of over 100,000 restricted stock units and a disposition for tax withholding.

Summary

• Chabi Nouri, a Director of Lucid Group, Inc. (LCID), reported changes in her beneficial ownership of Class A Common Stock through a Form 4 filing.
• On June 4, 2025, 7,922 shares of Class A Common Stock were disposed of at a price of $2.19 per share; these shares were withheld by the Issuer to satisfy tax withholding and remittance obligations related to previously vested restricted stock units.
• On June 5, 2025, Ms. Nouri acquired 108,713 shares of Class A Common Stock through a grant of restricted stock units (RSUs) at a price of $0.
• These newly granted RSUs are set to vest in full on the earlier of the one-year anniversary of the grant date or the date of the next annual meeting of stockholders, contingent on Ms. Nouri's continued service on the board of directors.
• Following these transactions, Ms. Nouri's direct beneficial ownership of Lucid Group Class A Common Stock increased to 243,656 shares.
• An associated Power of Attorney document, executed on June 1, 2025, authorizes Gagan Dhingra, Brian Tomkiel, Doug Stewart, and Bruce Wang to execute and file SEC forms (including Forms 3, 4, 5, and 144) on behalf of Chabi Nouri.

Sentiment

Score: 6

Explanation: The filing is largely neutral as it reports routine insider transactions, including a grant of restricted stock units which aligns director interests with the company's long-term performance, and a standard disposition for tax withholding.

Positives

• The grant of 108,713 restricted stock units (RSUs) to Director Chabi Nouri aligns her long-term interests with those of the company and its shareholders.
• The RSU vesting schedule, tied to continued service, indicates ongoing commitment from a key board member.

Negatives

• No inherently negative financial or operational events are reported in this routine insider transaction filing.

Future Outlook

The 108,713 restricted stock units granted to Director Chabi Nouri are scheduled to vest in full on the earlier of the one-year anniversary of the grant date or the date of the next annual meeting of stockholders, subject to her continued service on the board.

Management Comments

• The Company will use all reasonable efforts to apprise the undersigned of applicable filing requirements for purposes of Section 16(a) of the Exchange Act or the Securities Act.

Industry Context

This Form 4 filing reflects routine insider stock transactions, specifically related to executive compensation through restricted stock units and tax withholding, which are common practices across publicly traded companies for aligning management incentives with shareholder interests.

Corporate Governance

Related Party Transactions

• Acquisition of 108,713 restricted stock units (RSUs) by Director Chabi Nouri from Lucid Group, Inc. as part of her compensation package.
• Disposition of 7,922 shares by Director Chabi Nouri to Lucid Group, Inc. for tax withholding purposes related to the vesting of previously granted RSUs.

Stakeholder Impact

• Shareholders: The grant of restricted stock units to a director aligns management incentives with shareholder interests, potentially fostering long-term value creation.

Next Steps

• Vesting of 108,713 restricted stock units on the earlier of the one-year anniversary of the grant date or the date of the next annual meeting of stockholders, subject to continued service.

Key Dates

Keywords

Lucid Group, LCID, Form 4, SEC filing, insider trading, director stock, restricted stock units, RSU, stock transactions, beneficial ownership, equity compensation