Chad Chen - 14 Oct 2024 Form 4 Insider Report for FARADAY FUTURE INTELLIGENT ELECTRIC INC. (FFAI)

Role
Director
Signature
/s/ Chad Chen
Issuer symbol
FFAI
Transactions as of
14 Oct 2024
Net transactions value
$0
Form type
4
Filing time
18 Oct 2024, 16:16:50 UTC
Previous filing
17 Sep 2024
Next filing
26 Nov 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FFIE Class A Common Stock Options Exercise $0 +22,557 +5844% $0.000000 22,943 14 Oct 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FFIE Restricted Stock Units Options Exercise $0 -22,557 -38% $0.000000 37,594 14 Oct 2024 Class A Common Stock 22,557 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 After the close of market on August 16, 2024, the issuer effected a one-for-forty reverse stock split of all issued and outstanding shares of its Class A common stock (the "Common Stock"), which resulted in the reporting person's ownership of issued and outstanding shares of the Common Stock being reduced from 15,389 shares to 386 shares.
F2 Represents restricted stock units ("RSUs") granted to the reporting person on September 13, 2024 (the "Grant Date"). Each RSU represents the right to receive one share of Class A Common Stock of the Company
F3 22,557 of the RSUs vested in full 30 days after the Grant Date. The remaining 37,594 RSUs vest in full on the earlier of the Company's next annual meeting of stockholders or the first anniversary of the Grant Date.