SEC Filing Analysis: Lucid Group, Inc.

Executive Summary

• Trading Significance: Low
• Key Takeaway: This is a corrective, administrative filing by Bank of America to adjust its reported beneficial ownership in Lucid Group following a 1-for-10 reverse stock split. It does not represent a new investment decision.
• Market Impact: Neutral. The filing is a reporting formality and contains no new material information.

Filing Information

Field	Value
Subject Company	Lucid Group, Inc.
Subject CIK	0001811210
Reporting Investor	BANK OF AMERICA CORP /DE/
Investor CIK	0000070858
Form Type	SCHEDULE 13G/A
Event Date	2025-09-30

Holding Details

Field	Value
Security Type	Class A Common Stock
Shares Owned After	3,450,865
Percent of Class	1.1%
Ownership Type	Indirect

Analysis

This Schedule 13G/A filing is an amendment to a previous report. The primary purpose, as stated in the filing's comments, is to correct the previously reported beneficial ownership numbers to account for a 1-for-10 reverse stock split effected by Lucid Group, Inc. on September 2, 2025.

The filing clarifies Bank of America's position, confirming that its beneficial ownership has not exceeded the five percent threshold. Such filings are routine for large institutions to maintain accurate reporting and compliance with SEC regulations.

Because this is not a new transaction but a correction of historical data, its trading significance is low. It does not signal a change in Bank of America's investment thesis or sentiment towards Lucid Group.