Form 4: Lucid Group Interim CEO Marc Winterhoff Reports Stock Transactions
SEC Form 4 Filing
Interim CEO Marc Winterhoff reports acquisition and disposal of Lucid Group Class A Common Stock related to performance-based restricted stock units (PSUs) and tax obligations.
Summary
- On March 4, 2025, Marc Winterhoff acquired 1,386,704 shares of Class A Common Stock at $0, increasing his direct holdings to 3,355,694 shares.
- On March 5, 2025, Winterhoff disposed of 418,425 shares of Class A Common Stock at $2.1, reducing his direct holdings to 2,937,269 shares.
- The disposal was to cover tax withholding obligations related to the settlement of PSUs and RSUs.
- 50% of the PSUs vested on March 5, 2025, with the remaining shares vesting in increments on June 5, 2025, September 5, 2025, December 5, 2025, and March 5, 2026.
Sentiment
Score: 5
Explanation: The document is a routine filing of stock transactions by an insider, with no inherently positive or negative implications for the company's outlook.
Future Outlook
The remaining PSUs will vest in 1/8th increments on June 5, 2025, September 5, 2025, December 5, 2025, and March 5, 2026.
Industry Context
Form 4 filings are standard practice for reporting insider transactions and are closely monitored by investors for insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
Key Dates
| Date | Description |
|---|---|
| 03/04/2025 | Acquisition of 1,386,704 shares of Class A Common Stock. |
| 03/05/2025 | Disposal of 418,425 shares of Class A Common Stock for tax obligations; 50% of PSUs vested. |
| 03/06/2025 | Date of signature for the Form 4 filing. |
| 06/05/2025 | Next vesting date for 1/8th of the remaining PSUs. |
| 09/05/2025 | Next vesting date for 1/8th of the remaining PSUs. |
| 12/05/2025 | Next vesting date for 1/8th of the remaining PSUs. |
| 03/05/2026 | Final vesting date for 1/8th of the remaining PSUs. |
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