Dhingra Gagan 4/A

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.