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

Role
Chief Financial Officer
Signature
/s/ Jarret Johnson, attorney-in-fact for Zvi Glasman
Stock symbol
FFIE
Transactions as of
Jul 21, 2021
Transactions value $
$0
Form type
4
Date filed
7/23/2021, 04:06 PM
Next filing
Jan 13, 2022

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 +113K 113K Jul 21, 2021 Class A Common Stock 113K $2.77 Direct F1, F2
transaction FFIE Stock Option (Right to Buy) Award +56.5K 56.5K Jul 21, 2021 Class A Common Stock 56.5K $2.77 Direct F1, F3
transaction FFIE Stock Option (Right to Buy) Award +56.5K 56.5K Jul 21, 2021 Class A Common Stock 56.5K $2.77 Direct F1, F4
transaction FFIE Stock Option (Right to Buy) Award +56.5K 56.5K Jul 21, 2021 Class A Common Stock 56.5K $2.77 Direct F1, F5
transaction FFIE Stock Option (Right to Buy) Award +113K 113K Jul 21, 2021 Class A Common Stock 113K $2.77 Direct F1, F6
transaction FFIE Stock Option (Right to Buy) Award +56.5K 56.5K Jul 21, 2021 Class A Common Stock 56.5K $2.77 Direct F1, F7
transaction FFIE Stock Option (Right to Buy) Award +56.5K 56.5K Jul 21, 2021 Class A Common Stock 56.5K $2.77 Direct F1, F8
transaction FFIE Stock Option (Right to Buy) Award +56.5K 56.5K Jul 21, 2021 Class A Common Stock 56.5K $2.77 Direct F1, F9
transaction FFIE Stock Option (Right to Buy) Award +70.6K 70.6K Jul 21, 2021 Class A Common Stock 70.6K $2.77 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 May 30, 2023, 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 May 30, 2023, 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 May 30, 2024, 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 May 30, 2025, subject to the reporting person's continued employment through the applicable vesting date.
F6 These stock options vest in a series of 48 equal monthly installments starting on December 28, 2020, subject to the reporting person's continued employment through the applicable vesting date.
F7 These stock options vest in a series of 48 equal monthly installments starting on December 28, 2021, subject to the reporting person's continued employment through the applicable vesting date.
F8 These stock options vest in a series of 48 equal monthly installments starting on December 28, 2022, 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 December 28, 2023, subject to the reporting person's continued employment through the applicable vesting date.