Lucid Group Inc

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of

the Securities Exchange Act of 1934

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Preliminary Proxy Statement

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Definitive Proxy Statement

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Definitive Additional Materials

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Soliciting Material under § 240.14a-12

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Lucid Group, Inc.

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Letter to

Stockholders​

Peter Rawlinson

Chief Executive Officer &

Chief Technology Officer

Dear Stockholders,

In 2023, we accomplished a number of goals that we set out to achieve despite many challenges beyond our control. We delivered the Lucid Air Sapphire and the Lucid Air Pure, rounding out an Air lineup that offers an unprecedented breadth of capability. We proved our technology prowess, becoming widely recognized as having the best technology in the world and leading to the formation of our technology license and access business through our first such deal with Aston Martin.

We are embarking on our next and most transformational phase of our development as a company with a focus on growth into new and larger vehicle market segments. We unveiled the Lucid Gravity electric sport utility vehicle at the LA Auto Show to widespread critical acclaim. I know many of you share my optimism as we enter a significantly larger and fast-growing SUV segment. And work is well underway for our most price-attainable midsize vehicle and next-generation powertrain, which will further expand our total addressable market.

The world needs sustainable solutions that make the best use of its resources, and our advanced technology enables our cars to go further, with less battery than the competition. Lucid is playing a critical role in developing those solutions and, as we continue to grow as an organization, we are paving a pathway to a more innovative and environmentally sustainable future.

Looking ahead, we remain optimistic about the future. We are confident in our ability to adapt and thrive in rapidly evolving environments and we will continue to prioritize innovation, sustainability, cost optimization, and customer-centricity as we pursue larger opportunities for growth and value creation.

As stockholders, your unwavering support and confidence in our vision are paramount to our success. On behalf of the entire Lucid team, I would like to express my heartfelt gratitude for your continued trust and investment in our company. Together, we strive to build a brighter future and deliver sustainable value for all our stakeholders.

Sincerely,

Peter Rawlinson

Chief Executive Officer and

Chief Technology Officer

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Lucid Group, Inc.

Notice of Annual Meeting of Stockholders

to Be Held on June 4, 2024

April 25, 2024​

Dear Stockholder:

You are cordially invited to attend the 2024 Annual Meeting of Stockholders (the “Annual Meeting”) of Lucid Group, Inc., a Delaware corporation (“we,” “us,” “Lucid Group,” “Lucid” or the “Company”). The Annual Meeting will be held virtually on June 4, 2024 at 9:00 a.m. (Pacific Time) to consider and vote on the following proposals:

To elect the nine nominees to serve as directors, to hold office until the 2025 annual meeting of stockholders and until their successors are duly elected and qualified, or until their earlier death, resignation or removal;

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To ratify the selection of KPMG LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2024;

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To approve, on an advisory basis, the compensation for our named executive officers;

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To approve the amendment and restatement of the Lucid Group, Inc. Second Amended and Restated 2021 Stock Incentive Plan; and

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To conduct such other business as may properly come before the Annual Meeting or any adjournment thereof.

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These items of business are more fully described in the proxy statement accompanying this Notice of Annual Meeting of Stockholders (the “Proxy Statement”).

The record date for the Annual Meeting is April 10, 2024 (the “Record Date”). Only stockholders of record of shares of our Class A common stock, par value $0.0001 per share, or shares of our Series A convertible preferred stock, par value $0.0001 per share, at the close of business on the Record Date may vote at the Annual Meeting or any adjournment thereof. You will be able to attend the Annual Meeting remotely by registering at www.proxydocs.com/LCID. Upon completing your registration, you will receive further instructions via email, including a unique link that will allow you access to the Annual Meeting and to vote and submit questions. As part of the registration process, you must enter the control number located on your proxy card, voting instruction form, or Important Notice Regarding the Availability of Proxy Materials.

Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting to be held on

June 4, 2024 at 9:00 a.m. (Pacific Time)

via the internet at www.proxydocs.com/LCID

The Proxy Statement and the Company’s Annual Report to Stockholders are available at: www.proxydocs.com/LCID.

We have determined that the Annual Meeting will be held in a virtual meeting format only, via the internet, with no physical in-person meeting. If you plan to participate in the virtual meeting, please see the Questions and Answers section below. Stockholders will be able to attend, vote and submit questions (both before, and for a portion of, the meeting) via the internet.

In the event of an adjournment, postponement or emergency that may change the Annual Meeting’s time or date, we will make an announcement, issue a press release or post information at www.lucidmotors.com to notify stockholders, as appropriate. If you have any questions or need assistance in voting your shares, please write to Lucid Investor Relations at 7373 Gateway Boulevard, Newark, CA 94560 or by email at investor@lucidmotors.com.

By Order of the Board of Directors,

Matthew Everitt

General Counsel & Secretary

Newark, California

ALL STOCKHOLDERS ARE CORDIALLY INVITED TO VIRTUALLY ATTEND THE ANNUAL MEETING. WHETHER OR NOT YOU EXPECT TO ATTEND THE ANNUAL MEETING, PLEASE COMPLETE, DATE, SIGN AND RETURN THE PROXY CARD, OR VOTE OVER THE TELEPHONE OR INTERNET AS INSTRUCTED IN THOSE MATERIALS, AS PROMPTLY AS POSSIBLE IN ORDER TO ENSURE YOUR REPRESENTATION AT THE ANNUAL MEETING. EVEN IF YOU HAVE VOTED BY PROXY, YOU MAY STILL VOTE AT THE ANNUAL MEETING IF YOU ATTEND.