Sec Form 4 Filing - PUBLIC INVESTMENT FUND @ Lucid Group, Inc. - 2023-06-22

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person PUBLIC INVESTMENT FUND 2. Issuer Name and Ticker or Trading Symbol Lucid Group, Inc. [ LCID] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) KING ABDULLAH FINANCIAL DISTRICT (KAFD), N.16 AL AQIQ DISTRICT 3. Date of Earliest Transaction (MM/DD/YY) 06/22/2023 (Street) RIYADH, T013519 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Class A Common Stock 06/22/2023 P 265,693,703 ( 1 ) A $ 6.83 1,366,658,905 I ( 2 ) By Ayar Third Investment Company Class A Common Stock 8,041,393 D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other PUBLIC INVESTMENT FUND KING ABDULLAH FINANCIAL DISTRICT (KAFD) N.16 AL AQIQ DISTRICT RIYADH, T013519 X X Ayar Third Investment Co P.O. BOX 6847 RIYADH, T011452 X X Signatures The Public Investment Fund, /s/ Yasir O. AlRumayyan, Governor 06/26/2023 Signature of Reporting Person Date Ayar Third Investment Company, /s/ Yasir O. AlRumayyan, Manager 06/26/2023 Signature of Reporting Person Date

Explanation of Responses:

( 1 )On May 31, 2023, Lucid Group, Inc. (the "Issuer") announced it had priced an underwritten public offering of 173,544,948 shares of its common stock for aggregate gross proceeds to the Issuer of approximately $1.2 billion (the "Public Offering"). On June 22, 2023, Ayar Third Investment Company ("Ayar") purchased from the Issuer 265,693,703 shares of Issuer common stock in a private placement for an aggregate purchase price of approximately $1.8 billion in a private placement pursuant to a subscription agreement entered into concurrently with the Public Offering. ( 2 )Ayar is a wholly-owned subsidiary of The Public Investment Fund of Saudi Arabia ("PIF"), and as such PIF may be deemed to beneficially own the Shares held by Ayar. In addition, each of H.E. Yasir O. Al Rumayyan, the Governor of PIF, and Turqui A. Alnowaiser, Deputy Governor and Head of the International Investments Division of the PIF, may be deemed to beneficially own the shares owned by Ayar by virtue of shared power to vote the shares. Neither H.E. Al Rumayyan nor Mr. Alnowaiser has any, and each and disclaims, any pecuniary interest in the shares.

Remarks: PIF may be deemed a director by deputization, as Mr. Alnowaiser, an employee of PIF, serves as a representative of Ayar on the Board of Directors of the Issuer.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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