---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-059385"
form_type: "8-K"
ticker: "LCID"
cik: "0001811210"
company_name: "Lucid Group, Inc."
filed_at: "2026-08-28T20:03:51+00:00"
generated_at: "2026-08-28T20:05:11.498876+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-26-059385
- form_type: 8-K
- ticker: LCID
- cik: 0001811210
- company_name: Lucid Group, Inc.
- filed_at: 2026-08-28T20:03:51+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.03, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1811210/000162828026059385/0001628280-26-059385-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1811210/000162828026059385/lcid-20260824.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-059385
- JSON: https://secwatch.observer/filing/0001628280-26-059385.json
- Plain text: https://secwatch.observer/filing/0001628280-26-059385.txt

## Key facts
- Executive change
  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
  source text: In connection with Gagan Dhingra’s departure, effective August 14, 2026, the Company entered into a separation agreement with him
  evidence_url: https://www.sec.gov/Archives/edgar/data/1811210/000162828026059385/0001628280-26-059385-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.