11/09/2026 | Press release | Distributed by Public on 11/09/2026 16:03
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Peformance Restricted Stock Unit | (1) | 11/05/2026 | A | 836,036 | (1) | 11/05/2030 | Class A Common Stock | 836,036 | $ 0 | 836,036 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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DE BOCK ALEXANDER C/O LUCID GROUP, INC. 7373 GATEWAY BLVD NEWARK, CA 94560 |
Chief Financial Officer | |||
| /s/ Bruce Wang, as attorney-in-fact for Alexander De Bock | 11/09/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Represents performance-based restricted stock units that are divided into four 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 no sooner than November 5, 2028, for tranches 1 and 2, and no sooner than November 5, 2029, for tranches 3 and 4) and (y) certification of achievement of the market capitalization performance hurdle applicable to each tranche ($3.5 billion, $5.0 billion, $6.5 billion and $8.0 billion for tranches 1, 2, 3, and 4 respectively, calculated in accordance with the reporting person's performance stock unit agreement), in each case, subject to the reporting person's continued employment with the Issuer or its subsidiary through each vesting date. |