Robert A. Kruse Jr. - 21 Jul 2021 Form 4 Insider Report for FARADAY FUTURE INTELLIGENT ELECTRIC INC. (FFAI)

Role: Senior VP, Product Execution
Signature: /s/ Jarret Johnson, attorney-in-fact for Robert A. Kruse Jr.
Issuer symbol: FFAI
Transactions as of: 21 Jul 2021
Net transactions value: $0
Form type: 4
Filing time: 23 Jul 2021, 16:05:40 UTC
Next filing: 14 Feb 2023
SEC: View on sec.gov

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	Stock Option (Right to Buy)	Award		+84,780			84,780	21 Jul 2021	Class A Common Stock	84,780	$2.41	Direct	F1, F2
transaction	FFIE	Stock Option (Right to Buy)	Award		+42,390			42,390	21 Jul 2021	Class A Common Stock	42,390	$2.41	Direct	F1, F3
transaction	FFIE	Stock Option (Right to Buy)	Award		+42,390			42,390	21 Jul 2021	Class A Common Stock	42,390	$2.41	Direct	F1, F4
transaction	FFIE	Stock Option (Right to Buy)	Award		+42,390			42,390	21 Jul 2021	Class A Common Stock	42,390	$2.41	Direct	F1, F5
transaction	FFIE	Stock Option (Right to Buy)	Award		+18,740			18,740	21 Jul 2021	Class A Common Stock	18,740	$2.41	Direct	F1, F6
transaction	FFIE	Stock Option (Right to Buy)	Award		+2,082			2,082	21 Jul 2021	Class A Common Stock	2,082	$2.41	Direct	F1
transaction	FFIE	Stock Option (Right to Buy)	Award		+58,708			58,708	21 Jul 2021	Class A Common Stock	58,708	$2.41	Direct	F1, F7
transaction	FFIE	Stock Option (Right to Buy)	Award		+1,687			1,687	21 Jul 2021	Class A Common Stock	1,687	$2.41	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Pursuant to the Agreement and Plan of Merger, dated January 27, 2021, as amended, by and among Property Solutions Acquisitions Corp. ("PSAC"), PSAC Merger Sub Ltd., and FF Intelligent Mobility Global Holdings Ltd. ("FF") (the "Merger Agreement"), the merger pursuant to which closed on July 21, 2021 ("Closing"), (i) each outstanding share of FF common stock held by the reporting person converted into the right to receive shares of the Issuer's Class A common stock using an exchange ratio of 0.1413 (the "Exchange Ratio"), and (ii) each outstanding and unexercised option to purchase shares of FF common stock converted into an option to purchase shares of the Issuer's common stock, with necessary adjustments to reflect the Exchange Ratio but otherwise the same terms and conditions. On the Closing date, the closing price of the Issuer's common stock was $13.78. Following Closing, the Issuer will be renamed "Faraday Future Intelligent Electric Inc."
F2	These stock options vest 25% on November 18, 2020, then in a series of 36 equal monthly installments thereafter, subject to the reporting person's continued employment through the applicable vesting date.
F3	These stock options vest in a series of 48 equal monthly installments starting on November 18, 2020, subject to the reporting person's continued employment through the applicable vesting date.
F4	These stock options vest in a series of 48 equal monthly installments starting on November 18, 2021, subject to the reporting person's continued employment through the applicable vesting date.
F5	These stock options vest in a series of 48 equal monthly installments starting on November 18, 2022, subject to the reporting person's continued employment through the applicable vesting date.
F6	These stock options vest 25% on March 16, 2021, then in a series of 36 equal monthly installments thereafter, subject to the reporting person's continued employment through the applicable vesting date.
F7	These stock options vest 25% on October 15, 2021, then in a series of 36 equal monthly installments thereafter, subject to the reporting person's continued employment through the applicable vesting date.