Form 4: Lucid Group Executive Michael Bell Reports Stock Disposal for Tax Obligations

Senior Vice President at Lucid Group, Michael Bell, disposed of 69,100 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.

Summary

• Michael Bell, Senior Vice President, Digital at Lucid Group, Inc., reported a transaction involving the disposal of company stock.
• On March 5, 2024, Bell disposed of 69,100 shares of Class A Common Stock.
• The disposal was executed to satisfy tax withholding and remittance obligations related to the vesting of restricted stock units.
• The price per share for the transaction was $3.21.
• Following the transaction, Bell beneficially owns 1,301,957 shares of Lucid Group's Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to stock transactions by an insider. It doesn't inherently convey positive or negative sentiment, as it simply reports a transaction for tax purposes.

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 routine disposal of shares to cover tax obligations.

Key Dates