Nouri Chabi 4

4 · Lucid Group, Inc. · Filed Jun 8, 2026

AI-generated summary of this filing

Updated Jun 8, 2026

Lucid (LCID) Director Nouri Chabi Receives RSU Award; Sells 1,556 Shares

What Happened

Nouri Chabi, a member of Lucid Group’s board of directors, received a grant of 43,870 restricted stock units (RSUs) on 2026-06-04 (acquisition code A, $0.00 per share).
On the same date, 1,556 shares were disposed/withheld to satisfy tax withholding obligations related to previously vested RSUs (code F) at an implied value of $5.72 per share, totaling about $8,900.

Key Details

Transaction dates: 2026-06-04 (reported on Form 4 filed 2026-06-08 — timely within the SEC two-business-day window).
Withheld shares: 1,556 shares @ $5.72 = $8,900 (tax withholding; not an open-market sale).
RSU grant: 43,870 RSUs @ $0.00 (award). RSUs settle one-for-one into Class A common shares on vesting.
Vesting: These RSUs vest in full on the earlier of (i) the one‑year anniversary of the grant or (ii) the next annual meeting of stockholders, subject to Chabi’s continued service on the board.
Shares owned after the transactions: Not specified in the filing.

Context

The withholding of 1,556 shares is a routine tax-withholding action tied to prior RSU vesting, not an opportunistic market sale.
The 43,870 RSUs are a future compensation award (will convert to shares upon vesting) and therefore do not represent an immediate market purchase.
As a director (not a 10% owner), these movements reflect standard director compensation and tax settlement practices rather than strategic trading.

Form 4

Period: 2026-06-04

Director

Transactions

Tax Payment
Class A Common Stock
[F1]
2026-06-04$5.72/sh−1,556$8,900→ 22,600 total
Award
Class A Common Stock
[F2][F3]
2026-06-04+43,870→ 66,470 total

Footnotes (3)

[F1]Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the time-based vesting of restricted stock units previously reported on Form 4s filed by the reporting person.
[F2]These restricted stock units ("RSUs") will vest in full on the earlier of (i) the one-year anniversary of the date of grant or (ii) the date of the next annual meeting of stockholders held after the date of grant, in each case, subject to the reporting person's continued service on the board of directors through the applicable vesting date.
[F3]RSUs are settled in shares of Class A Common Stock on a one-for-one basis.

Signature

/s/ Bruce Wang, as attorney-in-fact for Chabi Nouri|2026-06-08

4 files