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Filing Details

Accession Number:: 0001104659-24-113592
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-11-04 06:00:20
Reporting Period:: 2024-10-30

Accepted Time:: 2024-11-04 06:00:20
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) 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

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2024-10-30	374,717,927	$2.59	2,205,602,291	No	4	P	Indirect	By Ayar Third Investment Company
Class A Common Stock	Acquisiton	2024-10-31	21,470,459	$2.59	2,227,072,750	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
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

On October 16, 2024, Lucid Group, Inc. (the "Issuer") announced it had priced an underwritten public offering of 262,446,931 shares of its Class A common stock for aggregate gross proceeds to the Issuer of approximately $680 million (the "Public Offering"). On October 17, 2024, the underwriter in the Public Offering exercised its overallotment option (the "Option") to purchase an additional 15,037,594 shares of common stock in the Public Offering.
On October 30, 2024, Ayar Third Investment Company ("Ayar") purchased from the Issuer 374,717,927 shares of Issuer Class A common stock in a private placement for an aggregate purchase price of approximately $971 million in a private placement pursuant to a subscription agreement entered into concurrently with the Public Offering. On October 31, 2024, Ayar purchased from the Issuer an additional 21,470,459 shares of Common Stock for aggregate purchase price of approximately $56 million in a private placement in a private placement pursuant to the Subscription Agreement as a result of the underwriter's exercise of the Option.
Includes 464,225,459 shares of Class A Common Stock issuable upon conversion of shares of Series A Convertible Preferred Stock and Series B Convertible Preferred Stock held by Ayar as of the date hereof.
Ayar is a wholly-owned subsidiary of 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 Turqi A. Alnowaiser and Yasir Alsalman, co-managers of Ayar, may be deemed to beneficially own the shares owned by Ayar by virtue of shared power to vote the shares. Neither Mr. Alnowaiser nor Mr. Alsalman has any, and each and disclaims, any pecuniary interest in the shares.