Lucid Group, Inc. — fact timeline

Marc Winterhoff changed role as Chief Operating Officer at Lucid Group, Inc..

“Mr. Marc Winterhoff has resumed his previous role of Chief Operating Officer of the Company effective as of the same day”

Silvio Napoli was appointed as Chief Executive Officer at Lucid Group, Inc..

“Mr. Silvio Napoli has been appointed as the Company’s Chief Executive Officer and principal executive officer effective as of June 1, 2026”

Lucid Group, Inc. reported first quarter ended March 31, 2026 results: revenue $282.5 million.

“Generated Q1 2026 revenue of $282.5 million, up 20% compared to Q1 2025”

Lucid Group, Inc. entered into Seventh IRA Amendment with Ayar Third Investment Company (effective 2026-04-28).

“On the Closing Date, the Company entered into an amendment to the Investor Rights Agreement, dated as of February 22, 2021, by and among the Company, Ayar and the other parties thereto, as amended from time to time (the “ Investor Rights Agreement ” and the amendment, the “ Seventh IRA Amendment ”)”

Lucid Group, Inc. entered into Subscription Agreement with Ayar Third Investment Company valued at $550,000,000 (effective 2026-04-14).

“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”

Lucid Group, Inc. entered into Second Vehicle Production Agreement with Uber Technologies, Inc. valued at Minimum commitment of 25,000 Lucid Midsize vehicles over six years (effective 2026-04-14).

“On April 14, 2026, Uber and Lucid entered into a Second Vehicle Production Agreement (the “ Second VPA ”) under which Uber and its designated fleet operators have agreed to purchase a minimum commitment of 25,000 (the “ Minimum Quantity Guarantee ”) Lucid Midsize vehicles for use as robotaxis”

Lucid Group, Inc. amended Seventh IRA Amendment with Ayar Third Investment Company valued at Registration rights (effective 2026-04-14).

“In connection with the PIF Private Placement, the Company will enter into an amendment to the Investor Rights Agreement (the “ Seventh IRA Amendment ”) with Ayar.”

Lucid Group, Inc. entered into Uber Subscription Agreement with SMB Holding Corporation valued at $200,000,000 (effective 2026-04-14).

“SMB Holding Corporation (“ SMB ”), a subsidiary of Uber Technologies, Inc. (“ Uber ”), has agreed to purchase $200 million of Lucid’s Class A common stock, par value $0.0001 per share (the “ Common Stock ”), in a private placement (the “ Uber Private Placement ”)”

Lucid Group, Inc. entered into PIF Subscription Agreement with Ayar Third Investment Company valued at $550,000,000 (effective 2026-04-14).

“The PIF Private Placement was made pursuant to a subscription agreement, dated April 14, 2026 (the “ PIF Subscription Agreement ”), between Lucid and Ayar.”

Lucid Group, Inc. updated its the quarter ended March 31, 2026 guidance (reaffirmed).

“On April 3, 2026, Lucid Group, Inc. issued a press release announcing its production and delivery totals for the quarter ended March 31, 2026.”

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).

“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.”

Lucid Group, Inc.: Amendment to Certificate of Incorporation to effect a 1-for-10 reverse stock split and reduction of authorized shares from 15 billion to 1.5 billion (effective 2025-08-29).

“On August 29, 2025, Lucid Group, Inc. (“ Lucid ” or the “ Company ”) filed an amendment (the “ Amendment ”) to its Third Amended and Restated Certificate of Incorporation (the “ Charter ”) with the Secretary of State of the State of Delaware to effect a reverse stock split (the “ Reverse Stock Split ”) at a ratio of one-for-ten (1:10) (the “ Exchange Ratio ”) of the Company’s common stock, par value $0.0001 (the “ Common Stock ”), and a corresponding reduction of the Company’s authorized shares of Common Stock (the “ Authorized Share Reduction ”).”

Marc Winterhoff was appointed as Interim Chief Executive Officer at Lucid Group, Inc..

“On the Effective Date, in connection with Mr. Rawlinson’s departure, the Board appointed Marc Winterhoff, the current Chief Operating Officer (“ COO ”) of the Company, as Interim CEO, effective immediately.”

Peter Rawlinson was appointed as Strategic Technical Advisor to the Chairman of the Board at Lucid Group, Inc..

“On the Effective Date, Mr. Rawlinson was appointed as Strategic Technical Advisor to the Chairman of the Board and will be available in this role through February 21, 2027.”

Peter Rawlinson resigned as Chief Executive Officer and Chief Technology Officer at Lucid Group, Inc..

“On February 25, 2025, Lucid Group, Inc. (“ Lucid ” or the “ Company ”) announced that Peter Rawlinson, the Company’s Chief Executive Officer (“ CEO ”) and Chief Technology Officer, resigned from his positions and the Company’s board of directors (the “ Board ”) on February 21, 2025 (the “ Effective Date ”).”

Gagan Dhingra changed role as Senior Vice President, Finance and Accounting at Lucid Group, Inc..

“On the effective date of Mr. Boussaid’s appointment as Lucid’s Chief Financial Officer, Gagan Dhingra will cease serving as the Company’s Interim Chief Financial Officer, and will be promoted to Lucid’s Senior Vice President, Finance and Accounting.”

Taoufiq Boussaid was appointed as Chief Financial Officer at Lucid Group, Inc..

“Taoufiq Boussaid will join the Company on January 29, 2025, and will be appointed the Company’s Chief Financial Officer upon the filing of the Company’s Annual Report on Form 10-K for the fiscal year 2024.”