<SEC-DOCUMENT>0001104659-24-091290.txt : 20240820
<SEC-HEADER>0001104659-24-091290.hdr.sgml : 20240820
<ACCEPTANCE-DATETIME>20240820163010
ACCESSION NUMBER:		0001104659-24-091290
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20240816
FILED AS OF DATE:		20240820
DATE AS OF CHANGE:		20240820

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			PUBLIC INVESTMENT FUND
		CENTRAL INDEX KEY:			0001767640
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			T0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39408
		FILM NUMBER:		241225615

	BUSINESS ADDRESS:	
		STREET 1:		THE PUBLIC INVESTMENT FUND TOWER,
		STREET 2:		KING ABDULLAH FINANCIAL DISTRICT (KAFD)
		CITY:			AL AQIQ DISTRICT, RIYADH
		STATE:			T0
		ZIP:			13519
		BUSINESS PHONE:		966 11 813 5001

	MAIL ADDRESS:	
		STREET 1:		THE PUBLIC INVESTMENT FUND TOWER,
		STREET 2:		KING ABDULLAH FINANCIAL DISTRICT (KAFD)
		CITY:			AL AQIQ DISTRICT, RIYADH
		STATE:			T0
		ZIP:			13519

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Ayar Third Investment Co
		CENTRAL INDEX KEY:			0001874832
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			T0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39408
		FILM NUMBER:		241225614

	BUSINESS ADDRESS:	
		STREET 1:		C/O THE PUBLIC INVESTMENT FUND
		STREET 2:		P.O. BOX 6847
		CITY:			RIYADH
		STATE:			T0
		ZIP:			11452
		BUSINESS PHONE:		966 53 131 1097

	MAIL ADDRESS:	
		STREET 1:		C/O THE PUBLIC INVESTMENT FUND
		STREET 2:		P.O. BOX 6847
		CITY:			RIYADH
		STATE:			T0
		ZIP:			11452

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Lucid Group, Inc.
		CENTRAL INDEX KEY:			0001811210
		STANDARD INDUSTRIAL CLASSIFICATION:	MOTOR VEHICLES & PASSENGER CAR BODIES [3711]
		ORGANIZATION NAME:           	04 Manufacturing
		IRS NUMBER:				850891392
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		7373 GATEWAY BLVD.
		CITY:			NEWARK
		STATE:			CA
		ZIP:			94560
		BUSINESS PHONE:		(510) 648-3553

	MAIL ADDRESS:	
		STREET 1:		7373 GATEWAY BLVD.
		CITY:			NEWARK
		STATE:			CA
		ZIP:			94560

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Churchill Capital Corp IV
		DATE OF NAME CHANGE:	20200714

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Annetta Acquisition Corp
		DATE OF NAME CHANGE:	20200504
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>tm2421733-2_4seq1.xml
<DESCRIPTION>OWNERSHIP DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0508</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2024-08-16</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001811210</issuerCik>
        <issuerName>Lucid Group, Inc.</issuerName>
        <issuerTradingSymbol>LCID</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001767640</rptOwnerCik>
            <rptOwnerName>PUBLIC INVESTMENT FUND</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>KING ABDULLAH FINANCIAL DISTRICT (KAFD)</rptOwnerStreet1>
            <rptOwnerStreet2>AL AQIQ DISTRICT</rptOwnerStreet2>
            <rptOwnerCity>RIYADH</rptOwnerCity>
            <rptOwnerState>T0</rptOwnerState>
            <rptOwnerZipCode>13519</rptOwnerZipCode>
            <rptOwnerStateDescription>SAUDI ARABIA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001874832</rptOwnerCik>
            <rptOwnerName>Ayar Third Investment Co</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>P.O. BOX 6847</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>RIYADH</rptOwnerCity>
            <rptOwnerState>T0</rptOwnerState>
            <rptOwnerZipCode>11452</rptOwnerZipCode>
            <rptOwnerStateDescription>SAUDI ARABIA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>0</aff10b5One>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Series B Convertible Preferred Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2024-08-16</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>75000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>10000</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>171236783</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>75000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                    <footnoteId id="F3"/>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Ayar Third Investment Company</value>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Each share of Series B convertible preferred stock is convertible into shares of Class A common stock of Lucid Group, Inc. (the &quot;Issuer&quot;) at the option of the holder and without the payment of additional consideration by the holder, (a) at any time that the closing price per share of the Class A common stock on the trading day immediately preceding the date on which the holder delivers the relevant notice of conversion is at least $5.50 (subject to certain adjustments), unless the Issuer otherwise consents to such conversion in its sole discretion, or (b) in all events during certain specified periods relating to a fundamental change or optional redemption by the Issuer, into such number of fully paid and non-assessable shares of Class A common stock as is determined by dividing</footnote>
        <footnote id="F2">(i) the applicable Accrued Value (as defined in the Certificate of Designation for the Series B convertible preferred stock) as of the conversion date by (ii) the applicable Conversion Price (as defined in the Certificate of Designation for the Series B convertible preferred stock) in effect as of such conversion date. The Series B convertible preferred stock is initially convertible into approximately 171,236,786 shares of Class A common stock in the aggregate, at an initial conversion price of $3.5952 per share.</footnote>
        <footnote id="F3">Ayar Third Investment Company (&quot;Ayar&quot;) is a wholly-owned subsidiary of The Public Investment Fund of Saudi Arabia (&quot;PIF&quot;), and as such PIF may be deemed to beneficially own the Shares held by Ayar. In addition, each of Turqi A. Alnowaiser and Mr. Yasir Alsalman, the 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.</footnote>
    </footnotes>

    <remarks>PIF may be deemed a director by deputization, as Mr. Alnowaiser, an employee of PIF, serves as a representative of Ayar on the Board of Directors of the Issuer.</remarks>

    <ownerSignature>
        <signatureName>The Public Investment Fund, /s/ Yasir O. AlRumayyan, Governor</signatureName>
        <signatureDate>2024-08-20</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Ayar Third Investment Company, /s/ Turqi A. Alnowaiser, Co-Manager</signatureName>
        <signatureDate>2024-08-20</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
