{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-011118","form_type":"8-K","ticker":"LCID","cik":"0001811210","company_name":"Lucid Group, Inc.","filed_at":"2026-02-24T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.264890+00:00","generated_at":"2026-05-16T00:52:11.661619+00:00","sec_items":["2.02","2.05","8.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Lucid Q4 revenue $522.7M, up 123% YoY; cuts 12% of US workforce, guides 2026 production 25-27k","bullets":["Q4 revenue $522.7M (+123% YoY); full year revenue $1.35B (+68%). GAAP diluted EPS $(3.62) Q4, $(12.09) FY.","Delivered 15,841 vehicles in 2025 (+55% YoY). Production revised to 17,840 (538 vehicles deferred to 2026).","Ended Q4 with ~$4.6B liquidity. 2026 production guidance: 25,000–27,000 vehicles.","Cuts ~12% of US workforce (excl. hourly production) to save ~$500M over three years; charges $40-42M.","Filed resale registration for 69M shares from Uber subsidiary (SMB) and PIF affiliate (Ayar); no new shares issued."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-011118","json":"https://secwatch.observer/filing/0001628280-26-011118.json","markdown":"https://secwatch.observer/filing/0001628280-26-011118.md","text":"https://secwatch.observer/filing/0001628280-26-011118.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1811210/000162828026011118/0001628280-26-011118-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1811210/000162828026011118/lcid-20260220.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T00:52:11.661619+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0f3c6e35c1864f1adacd41b13d3e6dc0b0e44e41","claim":"Lucid Group, Inc. announced a restructuring with charges of $40 million to $42 million affecting U.S. workforce (reduction of the Company’s current U.S. workforce by approximately 12 percent, excluding hourly production workers in ma).","evidence_excerpt":"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 in manufacturing, logistics, and quality (the “ Plan ”). The Plan is expected to provide the Company with cost savings of approximately $500 million over a three-year period. The Company estimates that it will incur charges of $40 million to $42 million related to severance, employee benefits, and employee transition.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1811210/000162828026011118/0001628280-26-011118-index.htm","confidence":0.9}],"comparable_filings":[{"accession":"0001792044-26-000010","ticker":"VTRS","company_name":"Viatris Inc","filed_at":"2026-02-26T23:59:59+00:00","headline":"Viatris Q4 2025 revenue $3.7B, FY $14.3B; announces restructuring with $700-850M charges","event_type":"earnings","sec_items":["2.02","2.05","8.01","9.01"],"materiality_score":0.8,"calibrated_materiality_score":0.8,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.02, 2.05, 8.01, 9.01","same event type: earnings","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001792044-26-000010","json":"https://secwatch.observer/filing/0001792044-26-000010.json","markdown":"https://secwatch.observer/filing/0001792044-26-000010.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1792044/000179204426000010/0001792044-26-000010-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1792044/000179204426000010/vtrs-20260223.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"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 in manufacturing, logistics, and quality (the “ Plan ”). The Plan is expected to provide the Company with cost savings of approximately $500 million over a three-year period. The Company estimates that it will incur charges of $40 million to $42 million related to severance, employee benefits, and employee transition.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1811210/000162828026011118/0001628280-26-011118-index.htm","comparable_excerpt":"For the committed restructuring activities, the Company expects to incur total pre-tax charges ranging between $700 million and $850 million.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1792044/000179204426000010/0001792044-26-000010-index.htm"}},{"accession":"0001849253-26-000004","ticker":"RYAN","company_name":"RYAN SPECIALTY HOLDINGS, INC.","filed_at":"2026-02-12T23:59:59+00:00","headline":"Ryan Specialty Q4 revenue +13% to $751M; net income down 27%; announces $300M buyback and restructuring","event_type":"earnings","sec_items":["2.02","2.05","7.01","8.01","9.01"],"materiality_score":0.75,"calibrated_materiality_score":0.75,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.02, 2.05, 8.01, 9.01","same event type: earnings","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001849253-26-000004","json":"https://secwatch.observer/filing/0001849253-26-000004.json","markdown":"https://secwatch.observer/filing/0001849253-26-000004.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1849253/000184925326000004/0001849253-26-000004-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1849253/000184925326000004/ryan-20260212.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"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 in manufacturing, logistics, and quality (the “ Plan ”). The Plan is expected to provide the Company with cost savings of approximately $500 million over a three-year period. The Company estimates that it will incur charges of $40 million to $42 million related to severance, employee benefits, and employee transition.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1811210/000162828026011118/0001628280-26-011118-index.htm","comparable_excerpt":"On February 10, 2026, the board of directors of the Company (the \"Board\") approved a three-year restructuring program (the \"Empower Program\"), which will commence in the first quarter of 2026. The Empower Program is designed to streamline the Company's brokerage, binding, and underwriting operations, optimize scale, accelerate data and technology strategies, and enhance efficiencies across all of the Company's specialties. The Empower Program is expected to generate approximately $80 million of annual savings in 2029. The Empower Program includes (i) Business Platform Optimization and (ii) Compensation and Benefits. These actions are expected to be completed by the end of 2028. The Company currently estimates that the Empower Program will result in cumulative pre-tax charges to its GAAP financial results of approximately $160 million which are expected to be recorded as exit and disposal activities and are broken down as follows: Program Activity Charges Business Platform Optimization","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1849253/000184925326000004/0001849253-26-000004-index.htm"}},{"accession":"0000833640-26-000028","ticker":"POWI","company_name":"POWER INTEGRATIONS INC","filed_at":"2026-02-05T23:59:59+00:00","headline":"Power Integrations Q4 rev $103.2M (-2% YoY); FY rev up 6%; cuts 7% workforce; chairman steps down","event_type":"earnings","sec_items":["1.01","2.02","2.05","8.01","9.01"],"materiality_score":0.75,"calibrated_materiality_score":0.75,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.02, 2.05, 8.01, 9.01","same event type: earnings","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0000833640-26-000028","json":"https://secwatch.observer/filing/0000833640-26-000028.json","markdown":"https://secwatch.observer/filing/0000833640-26-000028.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/833640/000083364026000028/0000833640-26-000028-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/833640/000083364026000028/powi-20260201x8k.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"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 in manufacturing, logistics, and quality (the “ Plan ”). The Plan is expected to provide the Company with cost savings of approximately $500 million over a three-year period. The Company estimates that it will incur charges of $40 million to $42 million related to severance, employee benefits, and employee transition.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1811210/000162828026011118/0001628280-26-011118-index.htm","comparable_excerpt":"costs and create a more efficient organization to support its business. In connection with the reduction in force, the Company estimates it will incur between approximately $3.5 million and $4.0 million of costs, substantially all of which are related to employee severance and benefit costs, which the Company expects to recognize in the first quarter of 2026.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/833640/000083364026000028/0000833640-26-000028-index.htm"}},{"accession":"0001193125-26-210294","ticker":"VITL","company_name":"Vital Farms, Inc.","filed_at":"2026-05-07T23:59:59+00:00","headline":"Vital Farms Q1 net loss $1.5M, gross margin falls to 28.3%; winds down butter, cuts FY guidance","event_type":"earnings","sec_items":["2.02","2.05","9.01"],"materiality_score":0.8,"calibrated_materiality_score":0.8,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.02, 2.05, 9.01","same event type: earnings","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-210294","json":"https://secwatch.observer/filing/0001193125-26-210294.json","markdown":"https://secwatch.observer/filing/0001193125-26-210294.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1579733/000119312526210294/0001193125-26-210294-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1579733/000119312526210294/vitl-20260501.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"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 in manufacturing, logistics, and quality (the “ Plan ”). The Plan is expected to provide the Company with cost savings of approximately $500 million over a three-year period. The Company estimates that it will incur charges of $40 million to $42 million related to severance, employee benefits, and employee transition.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1811210/000162828026011118/0001628280-26-011118-index.htm","comparable_excerpt":"On May 1, 2026, management of the Company elected to wind down and discontinue its butter product offerings to focus on its core egg product categories, with such discontinuation expected to be substantially completed by the end of fiscal 2026.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1579733/000119312526210294/0001193125-26-210294-index.htm"}},{"accession":"0001477333-26-000035","ticker":"NET","company_name":"Cloudflare, Inc.","filed_at":"2026-05-07T23:59:59+00:00","headline":"Cloudflare Q1 revenue $639.8M (+34% YoY), non-GAAP EPS $0.25; to cut ~20% of workforce","event_type":"earnings","sec_items":["2.05","2.02","7.01","9.01"],"materiality_score":0.85,"calibrated_materiality_score":0.85,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.02, 2.05, 9.01","same event type: earnings","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001477333-26-000035","json":"https://secwatch.observer/filing/0001477333-26-000035.json","markdown":"https://secwatch.observer/filing/0001477333-26-000035.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1477333/000147733326000035/0001477333-26-000035-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1477333/000147733326000035/cloud-20260507.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"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 in manufacturing, logistics, and quality (the “ Plan ”). The Plan is expected to provide the Company with cost savings of approximately $500 million over a three-year period. The Company estimates that it will incur charges of $40 million to $42 million related to severance, employee benefits, and employee transition.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1811210/000162828026011118/0001628280-26-011118-index.htm","comparable_excerpt":"On May 7, 2026, the Company announced a plan (the “Plan”) designed to further accelerate its evolution to an agentic AI-first operating model. As part of the Plan, the Company expects to reduce its current workforce by approximately 20%. The Company currently estimates that it will incur charges of between $140 million and $150 million in connection with the Plan","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1477333/000147733326000035/0001477333-26-000035-index.htm"}},{"accession":"0001627475-26-000033","ticker":"UPWK","company_name":"UPWORK, INC","filed_at":"2026-05-07T23:59:59+00:00","headline":"Upwork Q1 net income down 17% to $31.5M; announces 24% workforce reduction; raises FY2026 adj EBITDA guidance","event_type":"earnings","sec_items":["2.02","2.05","7.01","9.01"],"materiality_score":0.75,"calibrated_materiality_score":0.75,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.02, 2.05, 9.01","same event type: earnings","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001627475-26-000033","json":"https://secwatch.observer/filing/0001627475-26-000033.json","markdown":"https://secwatch.observer/filing/0001627475-26-000033.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1627475/000162747526000033/0001627475-26-000033-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1627475/000162747526000033/upwork-20260507.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"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 in manufacturing, logistics, and quality (the “ Plan ”). The Plan is expected to provide the Company with cost savings of approximately $500 million over a three-year period. The Company estimates that it will incur charges of $40 million to $42 million related to severance, employee benefits, and employee transition.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1811210/000162828026011118/0001628280-26-011118-index.htm","comparable_excerpt":"of the Restructuring Plan to be substantially complete in the fourth quarter of 2026. In connection with these actions, the Company estimates that it will incur approximately $16 million to $23 million in pre-tax restructuring charges to its GAAP financial results, consisting primarily of severance and other one-time termination costs for the Company’s impacted","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1627475/000162747526000033/0001627475-26-000033-index.htm"}},{"accession":"0001628280-26-032064","ticker":"BILL","company_name":"BILL Holdings, Inc.","filed_at":"2026-05-07T23:59:59+00:00","headline":"BILL reports Q3 FY26 revenue $406.6M (+13% YoY), plans 30% workforce cut, authorizes $1B buyback","event_type":"earnings","sec_items":["2.02","2.05","7.01","9.01"],"materiality_score":0.85,"calibrated_materiality_score":0.85,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.02, 2.05, 9.01","same event type: earnings","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-032064","json":"https://secwatch.observer/filing/0001628280-26-032064.json","markdown":"https://secwatch.observer/filing/0001628280-26-032064.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1786352/000162828026032064/0001628280-26-032064-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1786352/000162828026032064/bill-20260507.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"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 in manufacturing, logistics, and quality (the “ Plan ”). The Plan is expected to provide the Company with cost savings of approximately $500 million over a three-year period. The Company estimates that it will incur charges of $40 million to $42 million related to severance, employee benefits, and employee transition.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1811210/000162828026011118/0001628280-26-011118-index.htm","comparable_excerpt":"On May 7, 2026, the Company additionally announced that it will reduce its workforce by up to 30% (the “Restructuring”). The Restructuring is part of the Company’s ongoing efforts to improve organizational agility and efficiency, while also seeking to drive greater profitability. The Company currently estimates that it will incur charges of approximately $30 million to $60 million in connection with the Restructuring, consisting primarily of cash expenditures for severance payments, employee benefits, and related costs as well as non-cash charges related to stock-based compensation expense.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1786352/000162828026032064/0001628280-26-032064-index.htm"}},{"accession":"0001104659-26-055902","ticker":"KD","company_name":"Kyndryl Holdings, Inc.","filed_at":"2026-05-06T23:59:59+00:00","headline":"Kyndryl reports FY2026 results and $200M workforce rebalancing; FY2027 adj pretax guidance $600-700M","event_type":"earnings","sec_items":["2.02","2.05","9.01"],"materiality_score":0.7,"calibrated_materiality_score":0.7,"match_reasons":["same fact type: restructuring_charge","same SEC item: 2.02, 2.05, 9.01","same event type: earnings","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-055902","json":"https://secwatch.observer/filing/0001104659-26-055902.json","markdown":"https://secwatch.observer/filing/0001104659-26-055902.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1867072/000110465926055902/0001104659-26-055902-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1867072/000110465926055902/kd-20260505x8k.htm"},"side_by_side_evidence":{"fact_type":"restructuring_charge","source_excerpt":"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 in manufacturing, logistics, and quality (the “ Plan ”). The Plan is expected to provide the Company with cost savings of approximately $500 million over a three-year period. The Company estimates that it will incur charges of $40 million to $42 million related to severance, employee benefits, and employee transition.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1811210/000162828026011118/0001628280-26-011118-index.htm","comparable_excerpt":"The Company estimates that it will incur workforce rebalancing charges of approximately $200 million, primarily consisting of future cash expenditures for severance and related benefits.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1867072/000110465926055902/0001104659-26-055902-index.htm"}}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}