Filing Details

Accession Number:
0001104659-23-074791
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-06-26 17:09:44
Reporting Period:
2023-06-22
Accepted Time:
2023-06-26 17:09:44
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1811210 Lucid Group Inc. LCID () T0
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1767640 Fund Investment Public King Abdullah Financial District (Kafd)
N.16 Al Aqiq District
Riyadh T0 13519
Yes No Yes No
1874832 Ayar Third Investment Co P.o. Box 6847
Riyadh T0 11452
Yes No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Acquisiton 2023-06-22 265,693,703 $6.83 1,366,658,905 No 4 P Indirect By Ayar Third Investment Company
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect By Ayar Third Investment Company
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class A Common Stock 8,041,393 Direct
Footnotes
  1. On May 31, 2023, Lucid Group, Inc. (the "Issuer") announced it had priced an underwritten public offering of 173,544,948 shares of its common stock for aggregate gross proceeds to the Issuer of approximately $1.2 billion (the "Public Offering"). On June 22, 2023, Ayar Third Investment Company ("Ayar") purchased from the Issuer 265,693,703 shares of Issuer common stock in a private placement for an aggregate purchase price of approximately $1.8 billion in a private placement pursuant to a subscription agreement entered into concurrently with the Public Offering.
  2. Ayar is a wholly-owned subsidiary of The Public Investment Fund of Saudi Arabia ("PIF"), and as such PIF may be deemed to beneficially own the Shares held by Ayar. In addition, each of H.E. Yasir O. Al Rumayyan, the Governor of PIF, and Turqui A. Alnowaiser, Deputy Governor and Head of the International Investments Division of the PIF, may be deemed to beneficially own the shares owned by Ayar by virtue of shared power to vote the shares. Neither H.E. Al Rumayyan nor Mr. Alnowaiser has any, and each and disclaims, any pecuniary interest in the shares.