Form 4 for LCID Lucid Group, Inc.
Accepted 2021-07-27 00:00:00 ET · period of report 2021-07-23 · accession 0000950103-21-011283 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2021-07-27 | 2021-07-23 | LCID | Rawlinson Peter Dore | CEO, CTO, Dir | A - Grant | — | +30.40M | 537.9K | New | — |
| DM | 2021-07-27 | 2021-07-23 | LCID | Rawlinson Peter Dore | CEO, CTO, Dir | A - Grant | — | +12.59M | 4.40M | New | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2021-07-23 | A | A | 29,859,159 | — | 30,397,078 | D | — | — | (F2) Represents restricted stock units ("RSUs") received in exchange for 11,293,177 RSUs of Lucid in connection with the Merger. 13,834,748 of the RSUs are subject to a time-vesting requirement and will vest in sixteen equal quarterly installments beginning on December 5, 2021. 16,024,411 of the RSUs are subject to a performance-vesting requirement and will vest in five tranches based on the achievement of market capitalization goals applicable to each tranche over any six-month period subject to continued employment through the applicable vesting date. |
| 2 | Common | Class A Common Stock | 2021-07-23 | A | A | 537,919 | — | 537,919 | D | — | — | (F1) Received in exchange for 203,449 shares of common stock of Atieva, Inc., d/b/a Lucid Motors ("Lucid") in connection with the merger by and among Churchill Capital Corp IV, Atieva, Inc., d/b/a Lucid Motors and Air Merger Sub, Inc. (the "Merger"). |
| 3 | Derivative | Stock Options (Right to Buy) | 2021-07-23 | A | A | 261,756 | — | 261,756 | D | $0.18 · 2021-07-23 to 2023-05-02 | 261,756 Class A common stock | (F3) Each Lucid stock option was exchanged in the Merger for a stock option to acquire 2.644 shares of common stock of Lucid Group, Inc. |
| 4 | Derivative | Stock Options (Right to Buy) | 2021-07-23 | A | A | 7,931,999 | — | 7,931,999 | D | $0.83 · 2021-07-23 to 2029-04-21 | 7,931,999 Class A common stock | (F3) Each Lucid stock option was exchanged in the Merger for a stock option to acquire 2.644 shares of common stock of Lucid Group, Inc. |
| 5 | Derivative | Stock Options (Right to Buy) | 2021-07-23 | A | A | 4,395,416 | — | 4,395,416 | D | $0.37 · 2021-07-23 to 2025-04-16 | 4,395,416 Class A common stock | (F3) Each Lucid stock option was exchanged in the Merger for a stock option to acquire 2.644 shares of common stock of Lucid Group, Inc. |