Lucid draws $400M DDTL, names new commercial/finance/marketing leaders

Lucid Group, Inc.

Drew $400M from DDTL facilities with Ayar (PIF affiliate) on Aug 24, 2026; aggregate outstanding $1.7B, ~$800M capacity remains.
Gagan Dhingra (SVP Finance & Accounting) departed Aug 14, 2026; separation allows retaining company vehicle and waiving tuition repayment obligations.
Appointed Shawn Mirabal as President North America Commercial; Mike Molino as VP Finance; Angela Zepeda as VP Global Marketing.
Mirabal and Zepeda report to Billy Hayes (Chief Customer Officer); Molino reports to CFO Alexander De Bock.

item 2.03 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Gagan Dhingra

Senior Vice President of Finance and Accounting

LCID · Lucid Group, Inc.

Effective: 2026-08-14
Filed: August 28, 2026, 4:03 PM ET

In connection with Gagan Dhingra’s departure, effective August 14, 2026, the Company entered into a separation agreement with him

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Gagan Dhingra departed as Senior Vice President of Finance and Accounting at Lucid Group, Inc..

Action: departed
Role: Senior Vice President of Finance and Accounting

Exact text from the filing

In connection with Gagan Dhingra’s departure, effective August 14, 2026, the Company entered into a separation agreement with him

View on SEC.gov

Lucid Group, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-26-059385

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.