Grimm Douglas J. 4

What Happened
Douglas J. Grimm, a member of Lucid Group, Inc.'s board of directors, received a grant of 43,870 restricted stock units (RSUs) on June 4, 2026. The Form 4 reports the acquisition as an award (transaction code A) at $0.00 per unit (total reported value $0). These RSUs represent a future entitlement to Lucid Class A common stock on a one-for-one basis when settled.

Key Details

• Transaction date: 2026-06-04; Form 4 filed: 2026-06-08 (timely filing).
• Transaction code: A (award/grant). Reported price per unit: $0.00; reported total: $0.
• Number of RSUs granted: 43,870. RSUs settle one-for-one into Class A common stock (Footnote F2).
• Vesting: RSUs vest in full on the earlier of (i) one-year anniversary of grant or (ii) the next annual meeting of stockholders, subject to continued board service and any deferral election by the reporting person (Footnote F1). Shares will not be issued until the designated deferred settlement date, if elected.
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Not marked late; Form 4 was filed within the SEC reporting window.

Context
RSUs are a non-cash equity award that convert into shares only after vesting (and any deferral), so this grant does not increase floating shares immediately. Grants to directors are common as compensation for service and do not, by themselves, indicate buy/sell intent. This was an award (not a purchase or sale) and should be interpreted as a future potential issuance of stock subject to vesting and any deferral election.