4/A: Lucid Group Executive Amends Stock Ownership Filing
Insider Transaction Amendment
Lucid Group's SVP Finance & Accounting, Gagan Dhingra, filed an amended Form 4 to correct previously reported stock unit vesting and tax withholding details.
Summary
- Gagan Dhingra, SVP Finance & Accounting and Principal Accounting Officer of Lucid Group, Inc. (LCID), filed a Form 4/A to amend a previous Form 4 filed on March 5, 2026.
- The amendment corrects the number of performance-based restricted stock units (PSUs) for which performance criteria have been satisfied.
- It also corrects the number of shares withheld by the Issuer to satisfy tax withholding and remittance obligations related to the settlement of PSUs and vesting of time-based restricted stock units (RSUs).
- On March 3, 2026, 40,801 Class A Common Stock shares were acquired at a price of $0, related to PSU vesting.
- On March 5, 2026, 17,997 Class A Common Stock shares were disposed of at a price of $10.27 for tax withholding purposes.
- Following these reported transactions, Gagan Dhingra beneficially owns 152,123 Class A Common Stock shares.
- 50% of the 40,801 shares vested on March 5, 2026, with the remaining shares subject to service-based vesting in 1/8th increments on June 5, 2026, September 5, 2026, December 5, 2026, and March 5, 2027.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this filing as neutral. It is an administrative correction to previously reported insider transactions and does not introduce new material information that would alter the company's fundamental outlook.
Future Outlook
The filing indicates future service-based vesting of remaining performance-based restricted stock units in 1/8th increments on June 5, 2026, September 5, 2026, December 5, 2026, and March 5, 2027.
Management Comments
- This Form 4/A is being filed to amend the Form 4 filed by the reporting person on March 5, 2026 to reflect the correct number of performance-based restricted stock units ('PSUs') for which the performance criteria have been satisfied.
- This Form 4/A is being filed to amend the Form 4 filed by the reporting person on March 5, 2026 to reflect the correct number of shares withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the settlement of PSUs, for which service-based vesting requirements have been satisfied, and the vesting of time-based restricted stock units ('RSUs').
Industry Context
StockSavvy.ai notes that Form 4/A filings are routine administrative amendments used to correct minor details in previously filed insider transaction reports. Such corrections are common and generally do not indicate new material information or significant changes in company operations or financial health.
Stakeholder Impact
- Shareholders: Minimal impact, as this is an administrative correction to an insider's stock ownership report, not new material information affecting company value or operations.
Next Steps
- Remaining performance-based restricted stock units will vest in 1/8th increments on June 5, 2026, September 5, 2026, December 5, 2026, and March 5, 2027.
Key Dates
| Date | Description |
|---|---|
| 03/03/2026 | Transaction date for the acquisition of 40,801 Class A Common Stock shares related to PSUs. |
| 03/05/2026 | Transaction date for the disposition of 17,997 Class A Common Stock shares for tax withholding; also the date 50% of the 40,801 shares vested, and the original Form 4 filing date. |
| 03/18/2026 | Date the Form 4/A amendment was signed. |
| 06/05/2026 | First future vesting date for remaining PSU shares (1/8th increment). |
| 09/05/2026 | Second future vesting date for remaining PSU shares (1/8th increment). |
| 12/05/2026 | Third future vesting date for remaining PSU shares (1/8th increment). |
| 03/05/2027 | Final future vesting date for remaining PSU shares (1/8th increment). |
Keywords
Lucid Group, LCID, Form 4/A, Insider Transaction, Stock Ownership, Restricted Stock Units, PSUs, RSUs, Gagan Dhingra, Executive Compensation
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