News & Events

The filing is related to the approval of an amended stock incentive plan.

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On June 1, 2026, Lucid Group, Inc. (the “ Company ”) announced that Mr. Silvio Napoli has been appointed as the Company’s Chief Executive Officer and principal executive officer effective as of June 1, 2026 (the “ Appointment ”), and Mr. Marc Winterhoff has resumed his previous role of Chief Operating Officer of the Company effective as of the same…

Results of Operations and Financial Condition. On May 5, 2026, Lucid Group, Inc. (the “ Company ”) issued a press release announcing its results for the first quarter ended March 31, 2026. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein. The Company uses its ir.lucidmotors.com website as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.…

Material Modification to Rights of Security Holders. The information contained in

Entry into a Material Definitive Agreement. As previously announced, on April 14, 2026, Lucid Group, Inc. (the “ Company ”) entered into a subscription agreement (the “ Subscription Agreement ”) between the Company, and Ayar Third Investment Company, a single shareholder limited liability company organized under the laws of the Kingdom of Saudi Arabia (“ Ayar ”), an affiliate of the Public Investment Fund (“ PIF ”) and the Company’s majority shareholder. Pursuant to the Subscription Agreement…

Unregistered Sales of Equity Securities. The information contained in

Other Events. Preliminary Financial Results Although our financial results for the quarter ended March 31, 2026 are not yet finalized, we estimate that our financial results will fall within the following ranges. Quarter Ended March 31, 2026 Low High (in thousands) Statement of Operations Data: Revenue $ 280,000 $ 284,000 Loss from operations $ (985,000 ) $ (1,005,000 ) Balance Sheet Data: Cash and cash equivalents (at end of period) $ 700,356 $ 700,356 Long-term debt (at end of period) $ 2,0…

Other Events. Underwriting Agreement On April 14, 2026, the Company entered into an underwriting agreement (the “ Underwriting Agreement ”), between the Company and BofA Securities, Inc. (the “ Underwriter ”), relating to the issuance and sale (the “ Offering ”) of shares of the Company’s Class A common stock, par value $0.0001 per share (the “ Common Stock ”), for aggregate net proceeds, after expenses, to the Company of approximately $291.5 million. The Underwriter may offer the shares of C…

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On April 14, 2026, Lucid Group, Inc. (the “ Company ”) announced that Silvio Napoli will be the Company’s next Chief Executive Officer (“ CEO ”). Mr. Napoli will commence employment with the Company as the Executive Director based in Switzerland pursuant to a Swiss employment agreement (the “ Napoli Swiss Employment Agreement ”) and be appointed to…

Regulation FD Disclosure. On April 14, 2026, the Company issued a press release (the “ Press Release ”) announcing the Second VPA, the Uber Private Placement and the PIF Private Placement. A copy of this Press Release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. The information contained in this

Entry into a Material Definitive Agreement. PIF Private Placement & Uber Private Placement O n April 14, 2026, Lucid Group, Inc. (“ Lucid ” or the “ Company ”) announced that (i) Lucid’s majority stockholder, Ayar Third Investment Company (“ Ayar ”), an affiliate of the Public Investment Fund (“ PIF ”), has agreed to purchase $550 million of Lucid’s Series C Convertible Preferred Stock, par value $0.0001 per share (the “ Convertible Preferred Stock ”), in a private placement (the “ PIF Privat…

Material Modification to Rights of Security Holders. The information contained in

shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “ Exchange Act ”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the “ Securities Act ”) or the Exchange Act, regardless of any general incorporation language in such filing.

Pursuant to the PIF Subscription Agreement, Ayar agreed to purchase from Lucid 55,000 shares of its Convertible Preferred Stock. Pursuant to the Uber Subscription Agreement, SMB agreed to purchase from Lucid 24,038,462 shares of Common Stock. The Convertible Preferred Stock will be convertible into the Company’s Common Stock, and initially convertible into approximately 50.85 million shares of Common Stock and/or cash equivalent in the aggregate (approximately 15% of the Company’s issued and…

Results of Operations and Financial Condition. On April 3, 2026, Lucid Group, Inc. issued a press release announcing its production and delivery totals for the quarter ended March 31, 2026. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein. The information in this Current Report on Form 8-K and the exhibits attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 19…

of this Current Report on Form 8-K. Forward-Looking Statements This Current Report on Form 8-K includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “shall,” “expect,” “anticipate,” “believe,” “seek,” “target,” “continue,” “could,” “may,” “might,” “possible…

Forward-Looking Statements This report includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “shall,” “expect,” “anticipate,” “believe,” “seek,” “target,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict” or other similar expressions t…

Costs Associated with Exit or Disposal Activities. On February 20, 2026, in order to optimize the Company’s operating expenses as it focuses on the start of production of the Midsize platform, expansion into the robotaxi market and development of ADAS technologies, as well as the sale and distribution of its current models in existing and new geographies, the Company announced a reduction of the Company’s current U.S. workforce by approximately 12 percent, excluding hourly production workers…

Results of Operations and Financial Condition. On February 24, 2026, Lucid Group, Inc. (“ Lucid ” or the “ Company ”) issued a press release announcing its results for the fourth quarter and full year ended December 31, 2025. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein. Lucid uses its ir.lucidmotors.com website as a means of disclosing material non-public information and for complying with its disclosure ob…

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 20, 2026, the Compensation and Human Capital Committee (the “ Committee ”) of the Board of Directors of Lucid Group, Inc. (the “ Company ”), in consultation with the Committee’s independent compensation consultant Pay Governance LLC, approved the following arrangements and the Offer Letter Amendment (as defined below) for Taoufiq Boussai…

Results of Operations and Financial Condition. On January 5, 2026, Lucid Group, Inc. issued a press release announcing its production and delivery totals for the fourth quarter and full year ended December 31, 2025. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein. The information in this Current Report on Form 8-K and the exhibits attached hereto shall not be deemed “filed” for purposes of Section 18 of the Sec…

Creation of a Direct Financial Obligation or an Off-Balance Sheet Arrangement. The disclosure set forth in

Entry Into or Amendment of a Material Definitive Agreement. 7.00% Convertible Senior Notes due 2031 On November 17, 2025, Lucid Group, Inc. (“ Lucid ” or the “ Company ”) completed its previously disclosed Rule 144A private offering of $875,000,000 aggregate principal amount of its 7.00% Convertible Senior Notes due 2031 (the “ Base Notes ”) at an issue price of 100%. Lucid granted the initial purchasers an option to purchase, for settlement within a 13-day period beginning on, and including,…

The notes were issued to the initial purchasers in reliance upon Section 4(a)(2) of the Securities Act, in transactions not involving any public offering. The notes were initially resold by the initial purchasers to persons whom the initial purchasers reasonably believe are “qualified institutional buyers,” as defined in, and in accordance with, Rule 144A under the Securities Act. Any shares of Lucid’s common stock that may be issued upon conversion of the notes will be issued in reliance upo…

Repurchases of 2026 Notes On November 11, 2025, contemporaneously with the pricing of the notes, Lucid entered into privately negotiated transactions with certain holders of the 2026 notes to repurchase approximately $755.7 million aggregate principal amount of the 2026 notes on terms that were negotiated with each holder (each, a “ note repurchase ”), using approximately $752.2 million of the net proceeds of the offering of the notes. The terms of each note repurchase were individually negot…