Form 4 for LCID Lucid Group, Inc.
Accepted 2021-07-27 00:00:00 ET · period of report 2021-07-23 · accession 0000950103-21-011284 · 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 | Bach Eric | SVP, Product, Chief Engineer | A - Grant | — | +1.83M | 1.17M | New | — |
| DM | 2021-07-27 | 2021-07-23 | LCID | Bach Eric | SVP, Product, Chief Engineer | A - Grant | — | +2.73M | 879.7K | 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 | 661,000 | — | 1,834,177 | D | — | — | (F2) Represents restricted stock units ("RSUs") received in exchange for 250,000 RSUs of Lucid in connection with the Merger. 25% of the RSUs will vest on August 2022 with the remaining 75% of the RSUs vesting in twelve equal quarterly installments through June 2025 subject to continued employment through each applicable vesting date. |
| 2 | Common | Class A Common Stock | 2021-07-23 | A | A | 1,173,177 | — | 1,173,177 | D | — | — | (F1) Received in exchange for 443,713 shares of common stock (the "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 | 1,850,800 | — | 1,850,800 | D | $0.93 · — to 2030-07-15 | 1,850,800 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. (F5) These options were granted in July 2020. 1,310,985 of these options remain unvested and will vest in equal quarterly installments through May 2024. |
| 4 | Derivative | Stock Options (Right to Buy) | 2021-07-23 | A | A | 879,698 | — | 879,698 | D | $0.83 · — to 2029-04-21 | 879,698 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. (F4) These options were granted in April 2019. 44,067 of these options remain unvested and 50% will vest on August 1, 2021 and the remaining 50% will vest on September 1, 2021. |