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

Role
VP, Global Capital Markets
Signature
/s/ Jarret Johnson, attorney-in-fact for Jiawei Wang
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 +495K 495K Jul 21, 2021 Class A Common Stock 495K $2.55 Direct F1, F2
transaction FFIE Stock Option (Right to Buy) Award +254K 254K Jul 21, 2021 Class A Common Stock 254K $2.55 Direct F1, F3
transaction FFIE Stock Option (Right to Buy) Award +254K 254K Jul 21, 2021 Class A Common Stock 254K $2.55 Direct F1, F4
transaction FFIE Stock Option (Right to Buy) Award +127K 127K Jul 21, 2021 Class A Common Stock 127K $2.55 Direct F1, F5
transaction FFIE Stock Option (Right to Buy) Award +17.3K 17.3K Jul 21, 2021 Class A Common Stock 17.3K $2.55 Direct F1, F6
transaction FFIE Stock Option (Right to Buy) Award +197K 197K Jul 21, 2021 Class A Common Stock 197K $2.41 Direct F1, F7
transaction FFIE Stock Option (Right to Buy) Award +136K 136K Jul 21, 2021 Class A Common Stock 136K $2.41 Direct F1, F8
transaction FFIE Stock Option (Right to Buy) Award +67.8K 67.8K Jul 21, 2021 Class A Common Stock 67.8K $2.41 Direct F1, F9
transaction FFIE Stock Option (Right to Buy) Award +67.8K 67.8K Jul 21, 2021 Class A Common Stock 67.8K $2.41 Direct F1, F10
transaction FFIE Stock Option (Right to Buy) Award +67.8K 67.8K Jul 21, 2021 Class A Common Stock 67.8K $2.41 Direct F1, F11
transaction FFIE Stock Option (Right to Buy) Award +4.12K 4.12K Jul 21, 2021 Class A Common Stock 4.12K $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 vested 25% on December 21, 2015, then in a series of 36 equal monthly installments thereafter.
F3 These stock options vested in a series of 48 equal monthly installments starting on December 21, 2015.
F4 These stock options vested in a series of 48 equal monthly installments starting on December 21, 2016.
F5 These stock options vest in a series of 48 equal monthly installments starting on December 21, 2017, subject to the reporting person's continued employment through the applicable vesting date.
F6 These stock options vest 25% on March 15, 2020, 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 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.
F8 These stock options vest 25% on June 26, 2021, then in a series of 36 equal monthly installments thereafter, subject to the reporting person's continued employment through the applicable vesting date.
F9 These stock options vest in a series of 48 equal monthly installments starting on June 26, 2021, subject to the reporting person's continued employment through the applicable vesting date.
F10 These stock options vest in a series of 48 equal monthly installments starting on June 26, 2022, subject to the reporting person's continued employment through the applicable vesting date.
F11 These stock options vest in a series of 48 equal monthly installments starting on June 26, 2023, subject to the reporting person's continued employment through the applicable vesting date.