4//SEC Filing
PUBLIC INVESTMENT FUND 4
Accession 0001104659-25-033702
CIK 0001811210other
Filed
Apr 9, 8:00 PM ET
Accepted
Apr 10, 3:03 PM ET
Size
9.6 KB
Accession
0001104659-25-033702
Insider Transaction Report
Form 4
Ayar Third Investment Co
Director10% Owner
Transactions
- Purchase
Forward purchase contract (obligation to buy)
2025-04-08+1→ 1 total(indirect: By Ayar Third Investment Company)Exercise: $2.40From: 2030-04-01Exp: 2030-04-01→ Class A Common Stock (179,166,667 underlying)
PUBLIC INVESTMENT FUND
Director10% Owner
Transactions
- Purchase
Forward purchase contract (obligation to buy)
2025-04-08+1→ 1 total(indirect: By Ayar Third Investment Company)Exercise: $2.40From: 2030-04-01Exp: 2030-04-01→ Class A Common Stock (179,166,667 underlying)
Footnotes (2)
- [F1]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 179,166,667 shares of Class A common stock, par value $0.0001 per share ("Common Stock") of Lucid Group, Inc. ("Lucid") for $430,000,000.80, with delivery of those shares to occur no later than April 1, 2030, 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 $1,100,000,000 aggregate principal amount of 5.00% convertible senior notes due 2030 (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 April 8, 2025.
- [F2]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.
Documents
Issuer
Lucid Group, Inc.
CIK 0001811210
Entity typeother
IncorporatedSaudi Arabia
Related Parties
1- filerCIK 0001767640
Filing Metadata
- Form type
- 4
- Filed
- Apr 9, 8:00 PM ET
- Accepted
- Apr 10, 3:03 PM ET
- Size
- 9.6 KB