Alexander De Bock, Chief Financial Officer of Lucid Group, Inc. (NASDAQ:LCID), filed a Form 4 on November 9, 2026, disclosing the acquisition of 836,036 performance-based restricted stock units on November 5, 2026.

Key Highlights

  • Recipient and role: Alexander De Bock, Chief Financial Officer of Lucid Group, Inc.
  • Grant size: 836,036 Performance Restricted Stock Units acquired on November 5, 2026, at a price of $0.
  • Underlying security: Class A Common Stock of Lucid Group, Inc.
  • Expiration date: November 5, 2030.
  • Vesting structure: Four tranches, each subject to both time-based vesting (no sooner than November 5, 2028, for tranches 1 and 2, and no sooner than November 5, 2029, for tranches 3 and 4) and market capitalization performance hurdles.
  • Performance hurdles: Market capitalization thresholds of $3.5 billion, $5.0 billion, $6.5 billion, and $8.0 billion for tranches 1, 2, 3, and 4, respectively.
  • Beneficial ownership following transaction: 836,036 derivative securities held directly.

De Bock's Performance RSU Grant: Vesting Conditions and Tranche Structure

According to the filing, Lucid Group's Chief Financial Officer Alexander De Bock acquired 836,036 Performance Restricted Stock Units on November 5, 2026. The grant carries a price of $0 and the underlying security is Class A Common Stock. The Form 4 was signed by Bruce Wang as attorney-in-fact for Alexander De Bock and filed on November 9, 2026.

As described in the filing's explanation of responses, the units are divided into four tranches. Each tranche vests upon the later of its time-based vesting date and the certification of achievement of a market capitalization performance hurdle. For tranches 1 and 2, the time-based vesting date is no sooner than November 5, 2028; for tranches 3 and 4, it is no sooner than November 5, 2029. The market capitalization hurdles are $3.5 billion, $5.0 billion, $6.5 billion, and $8.0 billion for tranches 1, 2, 3, and 4, respectively, "calculated in accordance with the reporting person's performance stock unit agreement."

The filing further states that vesting in each case is "subject to the reporting person's continued employment with the Issuer or its subsidiary through each vesting date." Following this transaction, De Bock beneficially owns 836,036 derivative securities on a direct basis, with the award expiring on November 5, 2030.

What Was Disclosed

Lucid Group CFO Alexander De Bock reported the acquisition of 836,036 Performance Restricted Stock Units on November 5, 2026, structured across four tranches with time-based and market capitalization vesting conditions ranging from $3.5 billion to $8.0 billion.