LCID.NASDAQLucid Group, INC

Form 4: Lucid Group SVP Gagan Dhingra Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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Gagan Dhingra, SVP of Finance & Accounting at Lucid Group, reports the acquisition and disposal of Class A Common Stock related to performance-based restricted stock units (PSUs) and tax withholding.

Summary

  • On March 4, 2025, Gagan Dhingra acquired 270,730 shares of Class A Common Stock at $0 per share due to the satisfaction of performance criteria for PSUs.
  • 50% of these shares vested on March 5, 2025, with the remaining shares vesting in increments until March 5, 2026.
  • On March 5, 2025, 101,185 shares were disposed of at $2.1 per share to cover tax withholding obligations related to the settlement of PSUs and RSUs.
  • Following these transactions, Dhingra directly owns 950,932 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment.

Industry Context

This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel and their holdings in the company.

Key Dates

DateDescription
03/04/2025Acquisition of 270,730 shares of Class A Common Stock due to PSU vesting.
03/05/202550% of PSU shares vested; disposal of 101,185 shares for tax withholding.
03/05/2025First 1/8th increment of remaining PSU shares vests.
03/06/2025Date of signature for the Form 4 filing.
09/05/2025Second 1/8th increment of remaining PSU shares vests.
12/05/2025Third 1/8th increment of remaining PSU shares vests.
03/05/2026Final 1/8th increment of remaining PSU shares vests.

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