Napoli Silvio 4
4 · Lucid Group, Inc. · Filed Apr 17, 2026
Research Summary
AI-generated summary of this filing
Lucid (LCID) Director Silvio Napoli Receives Awards
What Happened Silvio Napoli, a director of Lucid Group, Inc. (LCID), received two compensation awards on April 15, 2026: 402,073 restricted stock units (RSUs) and 1,000,000 performance-based stock options. Both grants were reported at $0.00 per share (awards, not open‑market purchases or sales), so no cash changed hands at grant.
Key Details
- Transaction date: April 15, 2026. Transaction code: A (award/grant).
- RSUs: 402,073 shares @ $0.00. See footnote F1 for vesting schedule.
- Options (derivative): 1,000,000 performance-based stock options @ $0.00. See footnote F2 for tranche, time and performance vesting details.
- Shares owned after transaction: Not specified in the filing.
- Filing date: April 17, 2026 — filed timely (within the usual 2-business-day Form 4 window).
- Notes: The 1,000,000 award is a derivative (options) with performance and time vesting; these are grants, not exercises or sales.
Context
- F1 (RSUs): Vest over four years — 1/4 vests June 5, 2027, then 1/16th vests quarterly on Mar/Jun/Sep/Dec 5 thereafter, subject to continued service through each vesting date.
- F2 (Options): Divided into five tranches with time-based vesting (April 15, 2028–2030 depending on tranche) and market-cap performance hurdles ($5.0B, $7.5B, $10.0B, $12.5B, $17.5B). A tranche vests only after both the time date and certification of the applicable market-cap hurdle, and subject to continued employment.
- These awards are company compensation (common for directors) and do not represent an immediate purchase or sale; performance-based options will only convert to exercisable rights if time and performance conditions are met.
Insider Transaction Report
Form 4
Napoli Silvio
Director
Transactions
- Award
Class A Common Stock
[F1]2026-04-15+402,073→ 402,073 total - Award
Employee Stock Option (right to buy)
[F2]2026-04-15+1,000,000→ 0 totalExercise: $8.21Exp: 2036-04-15→ Class A Common Stock (1,000,000 underlying)
Footnotes (2)
- [F1]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.
- [F2]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.
Signature
/s/ Bruce Wang, as attorney-in-fact for Silvio Napoli|2026-04-17