Dhingra Gagan 4/A

4/A · Lucid Group, Inc. · Filed Mar 18, 2026

AI-generated summary of this filing

Updated Mar 18, 2026

Lucid (LCID) SVP Finance Gagan Dhingra Receives Award

What Happened

Gagan Dhingra, Lucid's SVP Finance & Accounting (principal accounting officer), received 40,801 performance-based restricted stock units (PSUs/RSUs) reported as an acquisition on 2026-03-03 (price $0.00).
On 2026-03-05, 17,997 shares were disposed/withheld to satisfy tax withholding obligations at $10.27 per share, netting $184,829 (transaction code F). This filing is an amendment to correct the number of PSUs and shares withheld; it does not add new types of transactions.

Key Details

Transaction dates and prices:
- 2026-03-03: Award/acquisition of 40,801 PSUs/RSUs (A) at $0.00.
- 2026-03-05: Shares withheld/paid for taxes: 17,997 shares (F) at $10.27 each = $184,829.
Shares owned after transaction: not disclosed in the information provided.
Vesting schedule / footnotes:
- Footnote F1: 50% of the PSUs reported vested on March 5, 2026; remaining PSUs subject to service-based vesting in 1/8th increments on June 5, 2026; Sept 5, 2026; Dec 5, 2026; and Mar 5, 2027.
- Footnote F2: The amendment corrects the number of shares withheld by the issuer to satisfy tax obligations in connection with PSU settlement and RSU vesting; the underlying acquisitions were previously reported.
Filing status: This is an amended Form 4 filed 2026-03-18 to correct counts reported on the Form 4 filed March 5, 2026.

Context

These transactions reflect equity awards and company withholding to cover taxes (not an open-market sale by the insider). Withheld shares are a common administrative step when awards vest and taxes are due.
Awards (PSUs/RSUs) are compensation, not purchases; they do not by themselves indicate the insider is buying or selling stock for investment purposes.

Form 4/AAmended

Period: 2026-03-03

SVP Finance & Accounting

Transactions

Award
Class A Common Stock
[F1]
2026-03-03+40,801→ 170,120 total
Tax Payment
Class A Common Stock
[F2]
2026-03-05$10.27/sh−17,997$184,829→ 152,123 total

Footnotes (2)

[F1]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.
[F2]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.

Signature

/s/ Bruce Wang, as attorney-in-fact for Gagan Dhingra|2026-03-18

1 file