Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. On August 24, 2026, Lucid Group, Inc. (the “ Company ”) drew $400 million of Delayed Draw Term Loan (“ DDTL ”) facilities pursuant to its existing agreement with Ayar Third Investment Company, an affiliate of the Public Investment Fund. Following this draw, and the previously disclosed draws of $500 million in April 2026 and $800 million in July 2026, the aggregate principal amou…

Senior Vice President of Finance and Accounting — Gagan Dhingra: The filing discloses the departure of a Senior Vice President of Finance and Accounting, which is a significant management loss but not a C-suite executive departure, and the separation terms appear amicable.

Other Events. On August 12, 2026, pursuant to a registration statement and a related prospectus supplement filed by Lucid Group, Inc. (the “ Company ”) with the Securities and Exchange Commission, the Company registered for resale up to (i) 55,000 shares of the Company’s Series C Convertible Preferred Stock, par value $0.0001 per share (the “ Series C Convertible Preferred Stock ”), issued to Ayar Third Investment Company (“ Ayar ”) in a private placement pursuant to a subscription agreement,…

Results of Operations and Financial Condition. On August 4, 2026, Lucid Group, Inc. (the “ Company ”) issued a press release announcing its results for the second quarter ended June 30, 2026. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein. The Company uses its ir.lucidmotors.com website as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation F…

shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing. Forward-Looking Statements This report includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities L…

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. On July 6, 2026, Lucid Group, Inc. drew $800 million of Delayed Draw Term Loan (“ DDTL ”) facilities pursuant to its existing agreement with Ayar Third Investment Company, an affiliate of the Public Investment Fund. A summary of the key terms of the DDTL is incorporated by reference from the Current Report on Form 8-Ks filed on August 5, 2024, November 5, 2025 and April 14, 2026.

Chief Financial Officer — Alexander De Bock: The company appointed a new Chief Financial Officer and the current CFO will leave after a transition period.

Results of Operations and Financial Condition. On July 2, 2026, Lucid Group, Inc. (the “Company”) issued a press release announcing its production and delivery totals for the quarter ended June 30, 2026, and several organizational and leadership changes. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein. The information contained in this

and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing. Forward-Looking Statements This report includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the U…

Costs Associated with Exit or Disposal Activities. 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, contract…

Chief Operating Officer — Marc Winterhoff: Mr. Winterhoff departed the Company following the elimination of his position.

The filing is related to the approval of an amended stock incentive plan.

Chief Executive Officer — Silvio Napoli: Mr. Silvio Napoli has been appointed as the Company’s Chief Executive Officer.

Results of Operations and Financial Condition. On May 5, 2026, Lucid Group, Inc. (the “ Company ”) issued a press release announcing its results for the first quarter ended March 31, 2026. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein. The Company uses its ir.lucidmotors.com website as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.…

Material Modification to Rights of Security Holders. The information contained in

Entry into a Material Definitive Agreement. 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…

Unregistered Sales of Equity Securities. The information contained in

Other Events. Preliminary Financial Results Although our financial results for the quarter ended March 31, 2026 are not yet finalized, we estimate that our financial results will fall within the following ranges. Quarter Ended March 31, 2026 Low High (in thousands) Statement of Operations Data: Revenue $ 280,000 $ 284,000 Loss from operations $ (985,000 ) $ (1,005,000 ) Balance Sheet Data: Cash and cash equivalents (at end of period) $ 700,356 $ 700,356 Long-term debt (at end of period) $ 2,0…

Other Events. Underwriting Agreement On April 14, 2026, the Company entered into an underwriting agreement (the “ Underwriting Agreement ”), between the Company and BofA Securities, Inc. (the “ Underwriter ”), relating to the issuance and sale (the “ Offering ”) of shares of the Company’s Class A common stock, par value $0.0001 per share (the “ Common Stock ”), for aggregate net proceeds, after expenses, to the Company of approximately $291.5 million. The Underwriter may offer the shares of C…

CEO — Silvio Napoli: The company is hiring a new CEO from an external source.

Regulation FD Disclosure. On April 14, 2026, the Company issued a press release (the “ Press Release ”) announcing the Second VPA, the Uber Private Placement and the PIF Private Placement. A copy of this Press Release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. The information contained in this

Entry into a Material Definitive Agreement. PIF Private Placement & Uber Private Placement O n April 14, 2026, Lucid Group, Inc. (“ Lucid ” or the “ Company ”) 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 Privat…

Material Modification to Rights of Security Holders. The information contained in

shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “ Exchange Act ”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the “ Securities Act ”) or the Exchange Act, regardless of any general incorporation language in such filing.

Pursuant to the PIF Subscription Agreement, Ayar agreed to purchase from Lucid 55,000 shares of its Convertible Preferred Stock. Pursuant to the Uber Subscription Agreement, SMB agreed to purchase from Lucid 24,038,462 shares of Common Stock. The Convertible Preferred Stock will be convertible into the Company’s Common Stock, and initially convertible into approximately 50.85 million shares of Common Stock and/or cash equivalent in the aggregate (approximately 15% of the Company’s issued and…