Form 4: Lucid Group Executive Gagan Dhingra Reports Stock Transactions

Gagan Dhingra, VP of Accounting & Internal Control and Interim CFO of Lucid Group, reports acquisition and disposal of Class A Common Stock related to RSU vesting and tax obligations.

Summary

• On September 15, 2024, Gagan Dhingra, VP of Accounting & Internal Control and Interim CFO of Lucid Group, acquired 417,153 shares of Class A Common Stock at $0 related to restricted stock units (RSUs).
• The RSUs vest over four years, with 1/8th vesting on the grant date and the remainder vesting 1/16th quarterly on each March 5, June 5, September 5, and December 5 annually thereafter, subject to continued service.
• On the same day, Dhingra disposed of 27,871 shares of Class A Common Stock at $3.94 to satisfy tax withholding obligations related to the RSU vesting.
• Following these transactions, Dhingra beneficially owns 701,197 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
• Employees holding RSUs may be interested in the vesting schedule and tax implications.

Key Dates