Turqi Alnowaiser - Apr 24, 2024 Form 4 Insider Report for Lucid Group, Inc. (LCID)

Role: Director, 10%+ Owner
Signature: /s/ Benjamin Uy, as attorney-in-fact for Turqi Alnowaiser
Stock symbol: LCID
Transactions as of: Apr 24, 2024
Transactions value $: -$11,169
Form type: 4
Date filed: 4/26/2024, 05:20 PM
Previous filing: Dec 4, 2023
Next filing: May 7, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LCID	Class A Common Stock	Tax liability	-$11.2K	-4.43K	-0.21%	$2.52	2.12M	Apr 24, 2024	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the time-based vesting of restricted stock units reported on a Form 4 filed on April 26, 2023.
F2	The reporting person is deemed a beneficial owner of 10% of issued and outstanding shares of Class A Common Stock of the Issuer because the reporting person has voting power over 1,366,658,905 shares of Class A Common Stock (the "Ayar Shares") beneficially owned by Ayar Third Investment Company ("Ayar"), a wholly-owned subsidiary of The Public Investment Fund, pursuant to authority delegated to him by the sole manager of Ayar. The reporting person does not have and disclaims any pecuniary interest in such Ayar Shares.

Content

Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the time-based vesting of restricted stock units reported on a Form 4 filed on April 26, 2023.

The reporting person is deemed a beneficial owner of 10% of issued and outstanding shares of Class A Common Stock of the Issuer because the reporting person has voting power over 1,366,658,905 shares of Class A Common Stock (the "Ayar Shares") beneficially owned by Ayar Third Investment Company ("Ayar"), a wholly-owned subsidiary of The Public Investment Fund, pursuant to authority delegated to him by the sole manager of Ayar. The reporting person does not have and disclaims any pecuniary interest in such Ayar Shares.