Alnowaiser Turqi A. 4
4 · Lucid Group, Inc. · Filed Jun 8, 2026
Research Summary
AI-generated summary of this filing
Lucid (LCID) 10% Owner Turqi Alnowaiser Receives RSU Award
What Happened
Turqi Alnowaiser, reported as a 10% owner of Lucid (LCID), was granted a total of 45,169 restricted stock units (RSUs) on 2026-06-04 (43,870 + 1,299 RSUs). To satisfy tax withholding on time-based vesting, 1,248 shares were withheld/disposed at $5.72 per share (proceeds $7,139). The RSUs were reported as awards (acquisitions) rather than open-market purchases.
Key Details
- Transaction date(s): 2026-06-04; Form 4 filed 2026-06-08.
- Grants: 43,870 RSUs and 1,299 RSUs reported as acquisitions at $0.00 (awards).
- Tax withholding: 1,248 shares withheld (Disposition code F) at $5.72/share = $7,139.
- Vesting/settlement: Filing notes RSUs settle one-for-one into Class A common stock; some RSUs vest subject to time-based conditions (earlier of one-year anniversary or next annual meeting) while others vest in full on the grant date in connection with past service.
- Shares owned after transaction: The filing does not specify total Class A shares held as a result of these RSUs; the reporting person is deemed a 10% beneficial owner because he has voting power over 280,188,185 Ayar-held Class A shares (per footnote) and disclaims pecuniary interest in those shares.
- Filing timeliness: Form 4 reports 6/4 transactions and was filed on 6/8; the filing itself notes dates but does not explicitly state a timeliness designation.
Context
- The 1,248-share disposition is a tax-withholding action (routine when RSUs vest), not an open-market sale indicating a market view.
- RSU grants are awards for service and may vest immediately (for past service) or on a schedule; they become common shares on a one-for-one basis when settled.
- The reporting person’s “10% owner” status arises from voting power over Ayar’s shares (institutional/managerial authority), not necessarily from a personal economic stake.
Insider Transaction Report
Form 4
Alnowaiser Turqi A.
Director10% Owner
Transactions
- Tax Payment
Class A Common Stock
[F1][F2]2026-06-04$5.72/sh−1,248$7,139→ 231,182 total - Award
Class A Common Stock
[F3][F4][F2]2026-06-04+43,870→ 275,052 total - Award
Class A Common Stock
[F5][F4][F2]2026-06-04+1,299→ 276,351 total
Footnotes (5)
- [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]The reporting person is deemed a beneficial owner of 10% of the issued and outstanding shares of Class A Common Stock of the Issuer because the reporting person has voting power over 280,188,185 shares of Class A Common Stock (the "Ayar Shares") beneficially owned by Ayar Third Investment Company ("Ayar"), a wholly-owned subsidiary of The Public Investment Fund ("PIF"), pursuant to authority delegated to him as a co-manager of Ayar, as reported on the Schedule 13D/A filed with the Securities and Exchange Commission on April 30, 2026, by the PIF. The reporting person does not have, and disclaims, any pecuniary interest in such Ayar Shares.
- [F3]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.
- [F4]RSUs are settled in shares of Class A Common Stock on a one-for-one basis.
- [F5]These RSUs vest in full on the date of the grant in connection with past service.
Signature
/s/ Bruce Wang, as attorney-in-fact for Turqi A. Alnowaiser|2026-06-08