| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | FFIE | Class B common stock | 64M | Jul 21, 2021 | Direct | F1, F2 | |||||
| holding | FFIE | Class A common stock | 57.4M | Jul 21, 2021 | See footnote | F1, F3 |
| Id | Content |
|---|---|
| F1 | On July 21, 2021, pursuant to that Agreement and Plan of Merger, dated as of January 27, 2021, as amended, by and among the Issuer (f/k/a Property Solutions Acquisition Corp.), PSAC Merger Sub Ltd. ("Merger Sub"), and FF Intelligent Mobility Global Holdings Ltd. ("FF"), Merger Sub merged with and into FF, with FF continuing as the surviving company and a wholly-owned subsidiary of the Issuer (the "Merger"). Upon consummation of the Merger, each issued and outstanding share of FF was automatically cancelled and converted into shares of new Class A common stock (or, in the case of FF Top Holding LLC ("FF Top"), shares of new Class B common stock) of the Issuer (the "Effective Time"). The shares reported in this Form 3 represent merger consideration acquired at the Effective Time. |
| F2 | FF Top is indirectly controlled by Pacific Technology Holding LLC ("Pacific Tech"), the managing member of which is FF Global Partners LLC ("FF Global"). FF Global is governed by a board of managers, currently consisting of eight managers. A majority of the board of managers of FF Global (excluding Dr. Carsten Breitfeld, who does not yet have voting rights because he has not met the tenure eligibility requirement and once he satisfies the tenure requirement, subject to election, he will become a voting manager) is required to approve any actions of FF Global, including actions relating to the voting and disposition of shares of the Issuer held by FF Top. Each of Pacific Tech and FF Global may be deemed to have voting and dispositive power over the shares of Class B common stock held by FF Top and each of Pacific Tech and FF Global disclaim beneficial ownership of the shares of Class B common stock held by FF Top except to the extent of their respective pecuniary interest therein. |
| F3 | FF Top exercises voting power over shares of Class A common stock held of record by other stockholders of the Issuer pursuant to voting agreements (the "Shares Subject to Voting Agreements"). Accordingly, each of Pacific Tech and FF Global may be deemed to have voting power over the Shares Subject to Voting Agreements and each of Pacific Tech and FF Global disclaim beneficial ownership of the Shares Subject to Voting Agreements. |