Form 4: Lucid Group Executive Gagan Dhingra Reports Tax-Related Share Disposal
SEC Form 4 Filing
Gagan Dhingra, VP of Accounting & Internal Control and Interim CFO of Lucid Group, reports the disposal of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On March 5, 2024, Gagan Dhingra, VP of Accounting & Internal Control and Interim CFO of Lucid Group, disposed of 7,446 shares of Class A Common Stock.
- The shares were withheld by Lucid Group to satisfy tax withholding and remittance obligations related to the vesting of restricted stock units.
- The transaction price was $3.21 per share.
- Following the transaction, Dhingra directly owns 295,142 shares of Lucid Group's Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, and it doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing 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 routine disposal for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/05/2024 | Date of the share disposal transaction. |
| 03/07/2024 | Date of the Form 4 filing. |
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