Form 4: Lucid Group SVP Eric Bach Reports Stock Disposal to Cover Tax Obligations

Eric Bach, SVP, Product & Chief Engineer at Lucid Group, disposed of 48,336 shares of Class A Common Stock on March 5, 2024, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On March 5, 2024, Eric Bach, SVP, Product & Chief Engineer at Lucid Group, disposed of 48,336 shares of Class A Common Stock.
• The transaction was executed to satisfy tax withholding and remittance obligations associated with the vesting of restricted stock units.
• The price per share for the disposal was $3.21.
• Following the transaction, Bach directly owns 1,905,524 shares of Lucid Group's Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions. It is common for executives to sell shares to cover tax obligations when restricted stock units vest. The impact on the overall market is likely minimal.

Stakeholder Impact

• The disposal of shares by a company executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant long-term effect.

Key Dates