SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Lucid Group, Inc.

(Name of Issuer)

Class A Common Stock, par value $0.0001 per share

(Title of Class of Securities)

549498202

(CUSIP Number)

07/29/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP Number(s):

549498202

Names of Reporting Persons

Saud H R H Prince Alwaleed Bin Talal Bin Abdulaziz Al

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

SAUDI ARABIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 19,513,000.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 19,513,000.00
8	Shared Dispositive Power 0.00

Aggregate Amount Beneficially Owned by Each Reporting Person

19,513,000.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

4.95 %

Type of Reporting Person (See Instructions)

Comment for Type of Reporting Person: The percent of Class A Common Stock beneficially owned by the Reporting Person was calculated based on the 394,070,176 shares of Class A Common Stock outstanding as of July 29, 2026, as disclosed in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2026, filed with the Securities and Exchange Commission on August 4, 2026. This percent has decreased below 5% due to an increase in outstanding shares of Class A Common Stock since the date referenced in the previous Schedule 13G filed by the Reporting Person.

SCHEDULE 13G

Item 1.

(a)

Name of issuer:

Lucid Group, Inc.

(b)

Address of issuer's principal executive offices:

7373 Gateway Boulevard, Newark, CA 94560

Item 2.

(a)

Name of person filing:

HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud ("HRH")

(b)

Address or principal business office or, if none, residence:

HRH's business address is c/o Kingdom Holding Company, Kingdom Centre, Floor 66, P.O. Box 2, Riyadh, 11321, Kingdom of Saudi Arabia.

(c)

Citizenship:

HRH is a citizen of the Kingdom of Saudi Arabia.

(d)

Title of class of securities:

Class A Common Stock, par value $0.0001 per share

(e)

CUSIP No.:

549498202

Item 3.

If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a)

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

(b)

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

(c)

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

(d)

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

(e)

An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f)

An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g)

A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h)

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)

A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:

(k)

Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

Item 4.

Ownership

(a)

Amount beneficially owned:

19,513,000

(b)

Percent of class:

4.95%* The percent of Class A Common Stock beneficially owned by the Reporting Person was calculated based on the 394,070,176 shares of Class A Common Stock outstanding as of July 29, 2026, as disclosed in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2026, filed with the Securities and Exchange Commission on August 4, 2026. This percent has decreased below 5% due to an increase in outstanding shares of Class A Common Stock since the date referenced in the previous Schedule 13G filed by the Reporting Person.

(c)

Number of shares as to which the person has:

(i) Sole power to vote or to direct the vote:

19,513,000

(ii) Shared power to vote or to direct the vote:

(iii) Sole power to dispose or to direct the disposition of:

19,513,000

(iv) Shared power to dispose or to direct the disposition of:

Item 5.

Ownership of 5 Percent or Less of a Class.

Ownership of 5 percent or less of a class

Item 6.

Ownership of more than 5 Percent on Behalf of Another Person.

Not Applicable

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

Not Applicable

Item 8.

Identification and Classification of Members of the Group.

Not Applicable

Item 9.

Notice of Dissolution of Group.

Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Saud H R H Prince Alwaleed Bin Talal Bin Abdulaziz Al

Signature:	/s/ HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud
Name/Title:	HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud
Date:	08/13/2026