Lucid Group, Inc. — fact timeline

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

“Taoufiq Boussaid, the Company’s current Chief Financial Officer will leave the Company after a transition period following the Company’s Q2 2026 earnings.”

Alexander De Bock was appointed as Chief Financial Officer at Lucid Group, Inc..

“On July 1, 2026, the Company’s Board of Directors (the “ Board ”) appointed Alexander De Bock as its incoming Chief Financial Officer.”

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

“On June 22, 2026, the Company announced that Marc Winterhoff, Chief Operating Officer, has departed the Company, effective immediately following the elimination of the Chief Operating Officer position.”

Lucid Group, Inc. announced a restructuring with charges of cash charges of approximately $32 million related to severance, employee benefits, and employee transition affecting U.S. workforce (reduction of the Company’s current U.S. workforce by approximately 18 percent).

“On June 22, 2026, Lucid Group, Inc. (the “ Company ”) announced a plan (the “ Plan ”) designed to advance the Company’s path toward profitability and positive cash flow generation by streamlining its organizational structure, optimizing operating expenses, and aligning production plans with anticipated demand. This involves a reduction of the Company’s current U.S. workforce by approximately 18 percent, including full-time employees, contractors and hourly production workers in manufacturing. As part of this reduction, the Company has eliminated the second shift of production at its AMP-1 factory. The Plan is expected to provide the Company with annualized cost savings of approximately $158 million. The Company estimates that it will incur cash charges of approximately $32 million related to severance, employee benefits, and employee transition. The Company expects to substantially complete the Plan by the end of the third quarter of 2026, subject to local law and consultation requirem”

Lucid Group, Inc. shareholders approved Approval of the Amendment and Restatement of the Lucid Group, Inc. Amended and Restated 2021 Stock Incentive Plan at the 2026-06-04 meeting.

“4. Approval of the Amendment and Restatement of the Lucid Group, Inc. Amended and Restated 2021 Stock Incentive Plan. The amendment and restatement of the Lucid Group, Inc. Amended and Restated 2021 Stock Incentive Plan was approved, based on the following results of voting: Votes For Votes Against Abstentions Broker Non-Votes 253,997,107 7,435,259 183,295 42,419,586”

Lucid Group, Inc. shareholders approved Approval, on an Advisory Basis, of the Compensation of Our Named Executive Officers at the 2026-06-04 meeting.

“3. Approval, on an Advisory Basis, of the Compensation of Our Named Executive Officers. The results of the advisory vote regarding the Company’s 2025 executive compensation as disclosed in the Proxy Statement were as follows: Votes For Votes Against Abstentions Broker Non-Votes 255,952,612 5,411,173 251,876 42,419,586”

Lucid Group, Inc. shareholders approved Ratification of the Selection of the Independent Registered Public Accounting Firm at the 2026-06-04 meeting.

“2. Ratification of the Selection of the Independent Registered Public Accounting Firm. The ratification of the selection of KPMG LLP as the independent registered public accounting firm for the Company for the fiscal year ending December 31, 2026, was ratified based on the following results of voting: Votes For Votes Against Abstentions Broker Non-Votes 300,971,935 1,906,185 1,157,127 N/A”

Lucid Group, Inc. shareholders approved Election of Directors at the 2026-06-04 meeting.

“1. Election of Directors. The following nine nominees were elected to serve as directors until the Company’s 2027 Annual Meeting of Stockholders and until their successors are duly elected and qualified, subject to earlier resignation or removal, based on the following results of voting: Nominee Votes For Votes Withheld Broker Non-Votes Turqi Alnowaiser 255,206,437 6,409,224 42,419,586 Douglas Grimm 260,283,817 1,331,844 42,419,586 Sachin Kansal 260,382,491 1,233,170 42,419,586 Lisa M. Lambert 260,264,427 1,351,234 42,419,586 Andrew Liveris 259,931,381 1,684,280 42,419,586 Nichelle Maynard-Elliott 259,647,419 1,968,242 42,419,586 Silvio Napoli 260,168,978 1,446,683 42,419,586 Chabi Nouri 259,828,130 1,787,531 42,419,586 Ori Winitzer 260,142,676 1,472,985 42,419,586”

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. issued 55,000 shares of its Series C Convertible Preferred Stock of preferred stock to Ayar Third Investment Company for $550,000,000.

“As previously announced, 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, a single shareholder limited liability company organized under the laws of the Kingdom of Saudi Arabia (“ Ayar ”), an affiliate of the Public Investment Fund (“ PIF ”) and the Company’s majority shareholder. Pursuant to the Subscription Agreement, on April 28, 2026 (the “ Closing Date ”), Ayar purchased from the Company 55,000 shares of its Series C Convertible Preferred Stock, par value $0.0001 per share (the “ Convertible Preferred Stock ”) for an aggregate purchase price of $550,000,000 in a private placement (the “ Private Placement ”).”

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. issued preferred stock.

“The Convertible Preferred Stock will rank senior to the Common Stock with respect to dividends and distributions of assets upon the Company’s liquidation, dissolution or winding up.”

Lucid Group, Inc. issued 24,038,462 shares of common stock to SMB Holding Corporation for $200 million.

“in a private placement (the “ PIF Private Placement ”); and (ii) 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 ”) in connection with the Second VPA (as”

Lucid Group, Inc. issued 55,000 shares of preferred stock to Ayar Third Investment Company for $550 million.

“”) announced that (i) Lucid’s majority stockholder, Ayar Third Investment Company (“ Ayar ”), an affiliate of the Public Investment Fund (“ PIF ”), has agreed to purchase $550 million of Lucid’s Series C Convertible Preferred Stock, par value $0.0001 per share (the “ Convertible Preferred Stock ”), in a private placement (the “ PIF Private Placement ”); and”

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. issued convertible note to qualified institutional buyers for $975,000,000 aggregate principal amount.

“with the Base Notes, the “ notes ”). On November 12, 2025, the initial purchasers elected to exercise the option to purchase the Additional Notes in full, and a total of $975,000,000 aggregate principal amount of notes were issued on November 17, 2025. The notes were offered only to persons reasonably believed to be qualified institutional buyers (as defined”

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 ”).”

Lucid Group, Inc. incurred convertible notes of $1,100,000,000 aggregate principal amount with initial purchasers at 5.00% per annum maturing April 1, 2030.

“together with the Base Notes, the “ notes ”). On April 3, 2025, the initial purchasers elected to exercise the option to purchase the Additional Notes in full, and a total of $1,100,000,000 aggregate principal amount of notes were issued on April 8, 2025. The notes were offered only to persons reasonably believed to be qualified institutional buyers (as defined in”

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.”

Lucid Group, Inc. announced a restructuring with charges of approximately $21 million to $25 million (approximately 400 employees, or approximately 6%).

“complete the Plan by the end of the third quarter of 2024, subject to local law and consultation requirements. The Company estimates that it will incur a total of approximately $21 million to $25 million in charges in connection with the Plan, which consist primarily of charges related to severance payments, employee benefits, employee transition, and stock-based”

Lucid Group, Inc. reported first quarter ended March 31, 2024 results: revenue $172.7 million.

“Lucid reported Q1 revenue of $172.7 million on deliveries of 1,967 vehicles”

Derrick Carty was appointed as Interim Lead of Digital at Lucid Group, Inc..

“Effective immediately, Derrick Carty, Vice President, Platform Software will lead the Company’s Digital organization on an interim basis”

Michael Bell resigned as Senior Vice President of Digital at Lucid Group, Inc..

“Michael Bell, Lucid’s Senior Vice President of Digital, is resigning from his position, effective immediately”

Lucid Group, Inc.: Item 5.03 cross-referenced to Item 1.01 but the excerpt does not describe the amendment content.

“The information contained in Item 1.01 of this Current Report is incorporated by reference into this Item 5.03.”

Lucid Group, Inc. entered into Subscription Agreement with Ayar Third Investment Company valued at $1,000,000,000.00 (effective 2024-03-24).

“On March 24, 2024, Lucid Group, Inc. (the “Company”) entered into a subscription agreement (the “Subscription Agreement”) between the Company and Ayar Third Investment Company”

Lucid Group, Inc. reported the fourth quarter and full year ended December 31, 2023 results: revenue $157.2 million. Guidance initiated.

“Lucid reported fourth quarter revenue of $157.2 million and annual revenue of $595.3 million”

Lucid Group, Inc. reported preliminary financial results for the quarter ended December 31, 2023.

“Lucid Announces Q4 Production & Deliveries, Sets Date for Fourth Quarter 2023 Results NEWARK, Calif., January 11, 2024 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards for luxury electric experience with the Lucid Air, selected to Car and Driver’s 10Best list for 2024, today announced production and delivery totals for the quarter ended December 31, 2023.”

Gagan Dhingra was appointed as Chief Financial Officer at Lucid Group, Inc..

“Effective as of December 11, 2023, Gagan Dhingra, Lucid’s current Vice President of Accounting and Principal Accounting Officer, will additionally serve as Lucid’s interim Chief Financial Officer and Principal Financial Officer, while Lucid’s search for a replacement CFO is underway.”

Sherry House resigned as Chief Financial Officer at Lucid Group, Inc..

“On December 11, 2023, Lucid Group, Inc. (“Lucid” or the “Company”) announced that Sherry House, Lucid’s Chief Financial Officer, informed the Company that she is resigning from her position, effective immediately, in order to pursue other opportunities.”

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

“announced the appointment of Marc Winterhoff as Lucid’s Chief Operating Officer, effective as of December 4, 2023.”

Lucid Group, Inc. reported third quarter ended September 30, 2023 results: revenue $137.8 million. Guidance lowered.

“Lucid reported Q3 revenue of $137.8 million on deliveries of 1,457 vehicles”

Lucid Group, Inc. reported second quarter ended June 30, 2023 results: revenue $150.9 million. Guidance reaffirmed.

“filing. --- EX-99.1 (EX-99.1) --- Lucid Announces Second Quarter 2023 Financial Results, On Track for Annual Production Guidance of More Than 10,000 Vehicles • Q2 revenue of $150.9 million driven by customer deliveries of 1,404 vehicles in the quarter • Bolstered balance sheet to $6.25 billion in total liquidity as of June 30, 2023 • Aston Martin selected Lucid to”

Lucid Group, Inc. reported preliminary financial results for the quarter ended June 30, 2023.

“Lucid Announces Q2 Production & Deliveries, Sets Date for Second Quarter 2023 Results”

Lucid Group, Inc. amended Second IRA Amendment with Ayar Third Investment Company (effective 2023-05-31).

“On May 31, 2023, concurrently with entering into the Subscription Agreement, the Company entered into an amendment to the Investor Rights Agreement (the “ Second IRA Amendment ”).”

Lucid Group, Inc. entered into Subscription Agreement with Ayar Third Investment Company valued at approximately $1.8 billion (effective 2023-05-31).

“On May 31, 2023, Lucid Group, Inc. (the “ Company ”) entered into a subscription agreement, dated May 31, 2023 (the “ Subscription Agreement ”), between the Company and Ayar Third Investment Company, a single shareholder limited liability company organized under the laws of the Kingdom of Saudi Arabia (“ Ayar ”), an affiliate of the Public Investment Fund and the Company’s majority shareholder.”

Lucid Group, Inc. dismissed Grant Thornton LLP as its auditor.

“the Audit Committee dismissed Grant Thornton LLP (“ Grant Thornton ”) as the Company’s independent registered public accounting firm effective immediately upon the effectiveness of the appointment of KPMG”

Lucid Group, Inc. engaged KPMG LLP as its auditor.

“the Audit Committee approved the appointment of KPMG LLP (“ KPMG ”) as the Company’s independent registered public accounting firm beginning with the year ending December 31, 2023, subject to the completion of KPMG’s customary client acceptance procedures and the execution of an engagement letter”