LCID · Lucid Group, Inc. · Insider Trading

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 2, 2026.

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 2, 2026.

Represents restricted stock units that will vest over four years, with 1/4th vesting on September 5, 2027 and 1/16th vesting quarterly thereafter in twelve installments, on each March 5, June 5, September 5, and December 5 of each calendar year that occurs following September 5, 2027, subject to the reporting person's continued employment with the Issuer or its subsidiary through each vesting date.

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 2, 2026.

Represents shares withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the settlement of performance-based stock units ("PSUs"), for which service-based vesting requirements have been satisfied, and the vesting of time-based restricted stock units ("RSUs"). The acquisition of such PSUs and RSUs was previously reported on Form 4s filed by the reporting person.

Represents shares withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the settlement of performance-based stock units ("PSUs"), for which service-based vesting requirements have been satisfied, and the vesting of time-based restricted stock units ("RSUs"). The acquisition of such PSUs and RSUs was previously reported on Form 4s filed by the reporting person.

Represents shares withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the settlement of performance-based stock units ("PSUs"), for which service-based vesting requirements have been satisfied, and the vesting of time-based restricted stock units ("RSUs"). The acquisition of such PSUs and RSUs was previously reported on Form 4s filed by the reporting person.

Includes 427 shares of Class A Common Stock purchased pursuant to the Lucid Group, Inc. 2021 Employee Stock Purchase Plan not previously reported.

These restricted stock units ("RSUs") will vest in full on the earlier of (i) the one-year anniversary of the date of grant or (ii) the date of the next annual meeting of stockholders held after the date of grant, in each case, subject to the reporting person's continued service on the board of directors through the applicable vesting date. The RSUs are also subject to a deferral election by the reporting person and shares will not be issued until the designated deferred settlement date.

RSUs are settled in shares of Class A Common Stock on a one-for-one basis.

These RSUs vest in full on the date of the grant in connection with past service.

RSUs are settled in shares of Class A Common Stock on a one-for-one basis.

The reporting person is deemed a beneficial owner of 10% of the issued and outstanding shares of Class A Common Stock of the Issuer because the reporting person has voting power over 280,188,185 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 ("PIF"), pursuant to authority delegated to him as a co-manager of Ayar, as reported on the Schedule 13D/A filed with the Securities and Exchange Commission on April 30, 2026, by the PIF. The reporting person does not have, and disclaims, any pecuniary interest in such Ayar Shares.

These restricted stock units ("RSUs") will vest in full on the earlier of (i) the one-year anniversary of the date of grant or (ii) the date of the next annual meeting of stockholders held after the date of grant, in each case, subject to the reporting person's continued service on the board of directors through the applicable vesting date. The RSUs are also subject to a deferral election by the reporting person and shares will not be issued until the designated deferred settlement date.

RSUs are settled in shares of Class A Common Stock on a one-for-one basis.

These restricted stock units ("RSUs") will vest in full on the earlier of (i) the one-year anniversary of the date of grant or (ii) the date of the next annual meeting of stockholders held after the date of grant, in each case, subject to the reporting person's continued service on the board of directors through the applicable vesting date. The RSUs are also subject to a deferral election by the reporting person and shares will not be issued until the designated deferred settlement date.

RSUs are settled in shares of Class A Common Stock on a one-for-one basis.

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 previously reported on Form 4s filed by the reporting person.

The reporting person is deemed a beneficial owner of 10% of the issued and outstanding shares of Class A Common Stock of the Issuer because the reporting person has voting power over 280,188,185 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 ("PIF"), pursuant to authority delegated to him as a co-manager of Ayar, as reported on the Schedule 13D/A filed with the Securities and Exchange Commission on April 30, 2026, by the PIF. The reporting person does not have, and disclaims, any pecuniary interest in such Ayar Shares.

These restricted stock units ("RSUs") will vest in full on the earlier of (i) the one-year anniversary of the date of grant or (ii) the date of the next annual meeting of stockholders held after the date of grant, in each case, subject to the reporting person's continued service on the board of directors through the applicable vesting date. The RSUs are also subject to a deferral election by the reporting person and shares will not be issued until the designated deferred settlement date.

RSUs are settled in shares of Class A Common Stock on a one-for-one basis.

These restricted stock units ("RSUs") will vest in full on the earlier of (i) the one-year anniversary of the date of grant or (ii) the date of the next annual meeting of stockholders held after the date of grant, in each case, subject to the reporting person's continued service on the board of directors through the applicable vesting date. The RSUs are also subject to a deferral election by the reporting person and shares will not be issued until the designated deferred settlement date.

RSUs are settled in shares of Class A Common Stock on a one-for-one basis.

These RSUs vest in full on the date of the grant in connection with past service.

RSUs are settled in shares of Class A Common Stock on a one-for-one basis.

These RSUs vest in full on the date of the grant in connection with past service.

RSUs are settled in shares of Class A Common Stock on a one-for-one basis.

These restricted stock units ("RSUs") will vest in full on the earlier of (i) the one-year anniversary of the date of grant or (ii) the date of the next annual meeting of stockholders held after the date of grant, in each case, subject to the reporting person's continued service on the board of directors through the applicable vesting date.

RSUs are settled in shares of Class A Common Stock on a one-for-one basis.

The reporting person is deemed a beneficial owner of 10% of the issued and outstanding shares of Class A Common Stock of the Issuer because the reporting person has voting power over 280,188,185 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 ("PIF"), pursuant to authority delegated to him as a co-manager of Ayar, as reported on the Schedule 13D/A filed with the Securities and Exchange Commission on April 30, 2026, by the PIF. The reporting person does not have, and disclaims, any pecuniary interest in such Ayar Shares.

These RSUs vest in full on the date of the grant in connection with past service.

RSUs are settled in shares of Class A Common Stock on a one-for-one basis.

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 previously reported on Form 4s filed by the reporting person.

These restricted stock units ("RSUs") will vest in full on the earlier of (i) the one-year anniversary of the date of grant or (ii) the date of the next annual meeting of stockholders held after the date of grant, in each case, subject to the reporting person's continued service on the board of directors through the applicable vesting date.

RSUs are settled in shares of Class A Common Stock on a one-for-one basis.

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 2, 2026.

Each share of Series C convertible preferred stock is convertible into shares of Class A common stock of Lucid Group, Inc. (the "Issuer") at the option of the holder and without the payment of additional consideration by the holder.

The Series C convertible preferred stock is convertible (a) at any time that the closing price per share of the Class A common stock on the trading day immediately preceding the date on which the holder delivers the relevant notice of conversion is at least the price specified in the Certificate of Designations for the Series C convertible preferred stock, unless the Issuer otherwise consents to such conversion in its sole discretion, or (b) in all events during certain specified periods relating to a fundamental change or optional redemption by the Issuer, into such number of fully paid and non-assessable shares of Class A common stock as is determined by dividing (i) the applicable Accrued Value (as defined in the Certificate of Designation for the Series C convertible preferred stock) as of the conversion date by (ii) the applicable Conversion Price (as defined in the Certificate of Designation for the Series C convertible preferred stock) in effect as of such conversion date.

The Series C convertible preferred stock is initially convertible into approximately 50,850,591 shares of Class A common stock in the aggregate.

Ayar Third Investment Company ("Ayar") is a wholly-owned subsidiary of The Public Investment Fund of Saudi Arabia ("PIF"), and as such PIF may be deemed to beneficially own the Shares held by Ayar. In addition, each of Turqi A. Alnowaiser and Mr. Yasir Alsalman, the co-managers of Ayar, may be deemed to beneficially own the shares owned by Ayar by virtue of shared power to vote the shares. Neither Mr. Alnowaiser nor Mr. Alsalman has any, and each and disclaims, any pecuniary interest in the shares.

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 previously reported on Forms 4 filed by the reporting person.

The number of shares beneficially owned by the reporting person has been updated to account for rounding as a result of the Reverse Stock Split.

Represents performance-based stock options that are divided into five tranches and subject to both time-based and performance-based vesting conditions. A given tranche vests upon the later of (x) the tranche's time-based vesting date (which is April 15, 2028 for tranche 1, April 15, 2029 for tranches 2 and 3 and April 15, 2030 for tranches 4 and 5) and (y) certification of achievement of the market capitalization performance hurdle applicable to the tranche ($5.0 billion, $7.5 billion, $10.0 billion, $12.5 billion, and $17.5 billion for tranches 1,2,3,4, and 5 respectively, calculated in accordance with the reporting person's stock option agreement), in each case, subject to the reporting person's continued employment with the Issuer or its subsidiary through each vesting date.

Represents restricted stock units that will vest over four years, with 1/4th vesting on June 5, 2027 and 1/16th vesting quarterly thereafter in twelve installments, on each March 5, June 5, September 5, and December 5 of each calendar year that occurs following June 5, 2027, subject to the reporting person's continued employment with the Issuer or its subsidiary through each vesting date.

Represents shares withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the settlement of PSUs, for which service-based vesting requirements have been satisfied, and the vesting of time-based restricted stock units ("RSUs"). The acquisition of such PSUs and RSUs was previously reported on Form 4s filed by the reporting person.

This Form 4/A is being filed to amend the Form 4 filed by the reporting person on March 5, 2026 to reflect the correct number of shares withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the settlement of PSUs, for which service-based vesting requirements have been satisfied, and the vesting of time-based restricted stock units ("RSUs"). The acquisition of such PSUs and RSUs was previously reported on Form 4s filed by the reporting person. This Form 4/A does not report any new transactions or otherwise modify any other transaction details that were previously reported, other than those set out in these footnotes.

Represents shares withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the settlement of PSUs, for which service-based vesting requirements have been satisfied, and the vesting of time-based restricted stock units ("RSUs"). The acquisition of such PSUs and RSUs was previously reported on Form 4s filed by the reporting person.

Represents performance-based restricted stock unit ("PSUs") as to which the performance criteria have been satisfied. 50% of shares reported in this Form 4 vested on March 5, 2026, and the remaining shares are subject to service-based vesting requirements that will vest in 1/8th increments on June 5, 2026, September 5, 2026, December 5, 2026, and March 5, 2027.

Represents performance-based restricted stock unit ("PSUs") as to which the performance criteria have been satisfied. 50% of shares reported in this Form 4 vested on March 5, 2026, and the remaining shares are subject to service-based vesting requirements that will vest in 1/8th increments on June 5, 2026, September 5, 2026, December 5, 2026, and March 5, 2027.

This Form 4/A is being filed to amend the Form 4 filed by the reporting person on March 5, 2026 to reflect the correct number of performance-based restricted stock units ("PSUs") for which the performance criteria have been satisfied. 50% of shares reported in this Form 4/A vested on March 5, 2026, and the remaining shares are subject to service-based vesting requirements that will vest in 1/8th increments on June 5, 2026, September 5, 2026, December 5, 2026, and March 5, 2027. This Form 4/A does not report any new transactions or otherwise modify any other transaction details that were previously reported, other than those set out in these footnotes.

Represents shares withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the settlement of performance-based restricted stock units ("PSUs"), for which service-based vesting requirements have been satisfied, and the vesting of time-based restricted stock units ("RSUs"). The acquisition of such PSUs and RSUs was previously reported on Form 4s filed by the reporting person.

Represents shares withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the settlement of the vesting of time-based restricted stock units ("RSUs"). The acquisition of such RSUs was previously reported on a Form 4 filed by the reporting person.

Represents shares withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the settlement of performance-based restricted stock units ("PSUs"), for which service-based vesting requirements have been satisfied, and the vesting of time-based restricted stock units ("RSUs"). The acquisition of such PSUs and RSUs was previously reported on Form 4s filed by the reporting person.

Includes 204 shares of Class A Common Stock purchase pursuant to the Lucid Group, Inc. Amended and Restated 2021 Employee Stock Purchase Plan not previously reported.

Ayar Third Investment Company ("Ayar") entered into a privately negotiated prepaid forward share purchase transaction with Citibank N.A. (the "forward counterparty"), pursuant to which Ayar will purchase 37,477,050 shares of Class A common stock, par value $0.0001 per share ("Common Stock") of Lucid Group, Inc. ("Lucid") for $636,735,079.50, with delivery of those shares to occur no later than November 1, 2031, subject to the forward counterparty's right to settle its delivery obligations prior to that date The prepaid forward transaction was entered into in connection with the pricing of an offering by Lucid of $975,000,000 aggregate principal amount of 7.00% convertible senior notes due 2031 (the "notes"). The prepaid forward transaction was subject to termination if the issuance of the notes was not consummated. The settlement of the issuance of the notes occurred on November 17, 2025.

All share numbers reported herein give effect to the 1-for-10 reverse stock split of Lucid's shares of Class A common stock effective on August 29, 2025.

Ayar is a wholly-owned subsidiary of Public Investment Fund of Saudi Arabia ("PIF"), and as such PIF may be deemed to beneficially own the shares held by Ayar. In addition, each of Turqi A. Alnowaiser and Yasir Alsalman, co-managers of Ayar, may be deemed to beneficially own the shares owned by Ayar by virtue of shared power to vote the shares. Neither Mr. Alnowaiser nor Mr. Alsalman has any, and each and disclaims, any pecuniary interest in the shares.

Represents shares withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the settlement of performance-based restricted stock units ("PSUs"), for which service-based vesting requirements have been satisfied, and the vesting of time-based restricted stock units ("RSUs"). The acquisition of such PSUs and RSUs was previously reported on Form 4s filed by the reporting person.

Share and dollar amounts give effect to the Issuer's 1-for-10 reverse stock split that was effectuated on August 29, 2025 (the "Reverse Stock Split").

The number of shares beneficially owned by the reporting person has been updated to account for rounding as a result of the Reverse Stock Split.

Represents shares withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the settlement of the vesting of time-based restricted stock units ("RSUs"). The acquisition of such RSUs was previously reported on a Form 4 filed by the reporting person.

Share and dollar amounts give effect to the Issuer's 1-for-10 reverse stock split that was effectuated on August 29, 2025 (the "Reverse Stock Split").

The number of shares beneficially owned by the reporting person has been updated to account for rounding as a result of the Reverse Stock Split.

Represents shares withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the settlement of performance-based restricted stock units ("PSUs"), for which service-based vesting requirements have been satisfied, and the vesting of time-based restricted stock units ("RSUs"). The acquisition of such PSUs and RSUs was previously reported on Form 4s filed by the reporting person.

Share and dollar amounts give effect to the Issuer's 1-for-10 reverse stock split that was effectuated on August 29, 2025 (the "Reverse Stock Split").

The number of shares beneficially owned by the reporting person has been updated to account for rounding as a result of the Reverse Stock Split.

Represents shares withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the settlement of performance-based restricted stock units ("PSUs"), for which service-based vesting requirements have been satisfied, and the vesting of time-based restricted stock units ("RSUs"). The acquisition of such PSUs and RSUs was previously reported on Form 4s filed by the reporting person.

Share and dollar amounts give effect to the Issuer's 1-for-10 reverse stock split that was effectuated on August 29, 2025 (the "Reverse Stock Split").

The number of shares beneficially owned by the reporting person has been updated to account for rounding as a result of the Reverse Stock Split.

These restricted stock units ("RSUs") vest over four years, with 1/8th vesting on September 5, 2025, and the remainder of the RSUs to vest 1/16th quarterly on each of December 5, March 5, June 5 and September 5 thereafter, subject to the reporting person's continued service through each applicable vesting date.

These restricted stock units ("RSUs") vest over four years, with 1/8th vesting on September 5, 2025, and the remainder of the RSUs to vest 1/16th quarterly on each of December 5, March 5, June 5 and September 5 thereafter, subject to the reporting person's continued service through each applicable vesting date.

These restricted stock units ("RSUs") vest over four years, with 1/8th vesting on September 5, 2025, and the remainder of the RSUs to vest 1/16th quarterly on each of December 5, March 5, June 5 and September 5 thereafter, subject to the reporting person's continued service through each applicable vesting date.

Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the settlement of performance-based restricted stock units ("PSUs") for which service based vesting requirements have been satisfied and the time-based vesting of restricted stock units ("RSUs"). The acquisition of such PSUs and RSUs has previously been reported on Form 4s filed by the reporting person.

These restricted stock units ("RSUs") will vest in full on the earlier of (i) the one-year anniversary of the date of grant or (ii) the date of the next annual meeting of stockholders held after the date of grant, in each case, subject to the reporting person's continued service on the board of directors through the applicable vesting date. The RSUs are also subject to a deferral election by the reporting person and shares will not be issued until the designated deferred settlement date.

RSUs are settled in shares of Class A Common Stock on a one-for-one basis.

These RSUs vest in full on the date of the grant in connection with past service.

RSUs are settled in shares of Class A Common Stock on a one-for-one basis.

These restricted stock units ("RSUs") will vest in full on the earlier of (i) the one-year anniversary of the date of grant or (ii) the date of the next annual meeting of stockholders held after the date of grant, in each case, subject to the reporting person's continued service on the board of directors through the applicable vesting date.

RSUs are settled in shares of Class A Common Stock on a one-for-one basis.

Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the settlement of performance-based restricted stock units ("PSUs") for which service based vesting requirements have been satisfied and the time-based vesting of restricted stock units ("RSUs"). The acquisition of such PSUs and RSUs has previously been reported on Form 4s filed by the reporting person.

These RSUs vest in full on the date of the grant in connection with past service.

RSUs are settled in shares of Class A Common Stock on a one-for-one basis.

These restricted stock units ("RSUs") will vest in full on the earlier of (i) the one-year anniversary of the date of grant or (ii) the date of the next annual meeting of stockholders held after the date of grant, in each case, subject to the reporting person's continued service on the board of directors through the applicable vesting date.

RSUs are settled in shares of Class A Common Stock on a one-for-one basis.

Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the settlement of time-based vesting of restricted stock units ("RSUs"). The acquisition of such RSUs has previously been reported on a Form 4 filed by the reporting person on January 31, 2025.