Boussaid Taoufiq 4

What Happened
Lucid Group (LCID) Principal Financial Officer Taoufiq Boussaid had 8,393 shares withheld by the company on 2026-06-05 to satisfy tax withholding obligations related to vested performance-based stock units (PSUs) and time-based restricted stock units (RSUs). The withholding occurred at $5.68 per share, a disposition valued at approximately $47,672. This was an issuer withholding for taxes, not an open-market sale by the insider.

Key Details

• Transaction date: 2026-06-05
• Shares withheld/disposed: 8,393 at $5.68 per share — total ≈ $47,672
• Transaction code: F (shares withheld to satisfy tax withholding/remittance)
• Footnote: F1 — shares were withheld by the issuer to satisfy tax obligations tied to settlement of PSUs (service-based vesting met) and vesting of RSUs; the underlying awards were previously reported on Form 4s.
• Shares owned after transaction: not specified in this filing.
• Filing timeliness: no late filing flag indicated.

Context
Withholding shares to cover taxes is a routine administration of equity compensation and does not necessarily signal insider sentiment (unlike an open-market purchase or voluntary sale). This transaction reflects settlement/vesting of previously granted equity awards rather than a discretionary sale by the officer.