Sec Form 4 Filing - Rawlinson Peter Dore @ Lucid Group, Inc. - 2021-07-23

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Rawlinson Peter Dore 2. Issuer Name and Ticker or Trading Symbol Lucid Group, Inc. [ LCID] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) CEO & Chief Technology Officer (Last) (First) (Middle) C/O LUCID GROUP, INC., 7373 GATEWAY BOULEVARD 3. Date of Earliest Transaction (MM/DD/YY) 07/23/2021 (Street) NEWARK, CA94560 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Class A Common Stock 07/23/2021 A 537,919 A 537,919 D Class A Common Stock 07/23/2021 A 29,859,159 A 30,397,078 D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Stock Options (Right to Buy) $ 0.18 07/23/2021 A 261,756 07/23/2021 05/02/2023 Class A common stock 261,756 ( 3 ) 261,756 D Stock Options (Right to Buy) $ 0.37 07/23/2021 A 4,395,416 07/23/2021 04/16/2025 Class A common stock 4,395,416 ( 3 ) 4,395,416 D Stock Options (Right to Buy) $ 0.83 07/23/2021 A 7,931,999 07/23/2021 04/21/2029 Class A common stock 7,931,999 ( 3 ) 7,931,999 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Rawlinson Peter Dore C/O LUCID GROUP, INC. 7373 GATEWAY BOULEVARD NEWARK, CA94560 X CEO & Chief Technology Officer Signatures /s/ Jonathan Butler, as attorney-in-fact for Peter Rawlinson 07/27/2021 Signature of Reporting Person Date

Explanation of Responses:

( 1 )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"). ( 2 )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. ( 3 )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.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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