Gerard Cuomo - Jul 21, 2021 Form 4 Insider Report for FARADAY FUTURE INTELLIGENT ELECTRIC INC. (FFIE)

Role: Controller
Signature: /s/ Jarret Johnson, attorney-in-fact for Gerard Cuomo
Stock symbol: FFIE
Transactions as of: Jul 21, 2021
Transactions value $: $0
Form type: 4
Date filed: 7/23/2021, 04:06 PM

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		+20.8K			20.8K	Jul 21, 2021	Class A Common Stock	20.8K	$7.95	Direct	F1, F2
transaction	FFIE	Stock Option (Right to Buy)	Award		+6.92K			6.92K	Jul 21, 2021	Class A Common Stock	6.92K	$7.95	Direct	F1, F3
transaction	FFIE	Stock Option (Right to Buy)	Award		+3.46K			3.46K	Jul 21, 2021	Class A Common Stock	3.46K	$7.95	Direct	F1, F4
transaction	FFIE	Stock Option (Right to Buy)	Award		+3.46K			3.46K	Jul 21, 2021	Class A Common Stock	3.46K	$7.95	Direct	F1, F5

* 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 March 31, 2022, 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 March 31, 2022, 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 March 31, 2023, 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 March 31, 2024, subject to the reporting person's continued employment through the applicable vesting date.