Alnowaiser Turqi A. 4

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.