On June 4, 2024, Lucid Group, Inc. held its Annual Meeting of Stockholders where several key decisions were made. The stockholders approved an increase in the number of shares available for issuance under the Lucid Group, Inc. Amended and Restated 2021 Stock Incentive Plan by 119,000,000 shares. Additionally, nine director nominees were elected to serve until the 2025 Annual Meeting. The selection of KPMG LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2024, was ratified. An advisory vote approved the executive compensation for 2023, and the amendment and restatement of the Lucid Group, Inc. Second Amended and Restated 2021 Stock Incentive Plan was also approved. The meeting concluded with the necessary regulatory filings, including the submission of the Amended and Restated 2021 Stock Incentive Plan as an exhibit to the Current Report on Form 8-K.

On June 4, 2024, Lucid Group, Inc. held its Annual Meeting of Stockholders where several key decisions were made. The stockholders approved an increase in the number of shares available for issuance under the Lucid Group, Inc. Amended and Restated 2021 Stock Incentive Plan by 119,000,000 shares. Additionally, nine director nominees were elected to serve until the 2025 Annual Meeting. The selection of KPMG LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2024, was ratified. An advisory vote approved the executive compensation for 2023, and the amendment and restatement of the Lucid Group, Inc. Second Amended and Restated 2021 Stock Incentive Plan was also approved. The meeting concluded with the necessary regulatory filings, including the submission of the Amended and Restated 2021 Stock Incentive Plan as an exhibit to the Current Report on Form 8-K.