Form 4: Lucid Group Director Chabi Nouri Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Director Chabi Nouri of Lucid Group, Inc. reports the disposal of 2,344 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.
Summary
- On April 24, 2024, Chabi Nouri, a director of Lucid Group, Inc., disposed of 2,344 shares of Class A Common Stock.
- The disposal was executed to satisfy tax withholding and remittance obligations associated with the vesting of restricted stock units previously reported on April 26, 2023.
- The shares were sold at a price of $2.52 per share.
- Following the transaction, Nouri directly owns 46,043 shares of Lucid Group's Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it doesn't significantly impact sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This transaction is related to tax obligations, which is a common occurrence when restricted stock units vest.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/26/2023 | Date of Form 4 filing reporting restricted stock units vesting. |
| 04/24/2024 | Date of transaction: Disposal of shares to cover tax obligations. |
| 04/26/2024 | Date of signature for the Form 4 filing. |
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