Property Solutions Acquisition Sponsor, LLC - 21 Jul 2021 Form 4 Insider Report for FARADAY FUTURE INTELLIGENT ELECTRIC INC. (FFAI)

Role
10%+ Owner
Signature
Property Solutions Acquisition Sponsor, LLC By: Jordan Vogel, Managing Member
Issuer symbol
FFAI
Transactions as of
21 Jul 2021
Net transactions value
$0
Form type
4
Filing time
23 Jul 2021, 18:03:15 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FFIE Class A Common Stock Disposed to Issuer -1,697,500 -27% 4,530,312 21 Jul 2021 Direct F1, F2, F3
transaction FFIE Class A Common Stock Award +80,000 +1.8% 4,610,312 21 Jul 2021 Direct F1, F2, F4

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 Warrants Award +80,000 +17% 563,420 21 Jul 2021 Class A Common Stock 80,000 $11.50 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Property Solutions Acquisition Sponsor, LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 In connection with the completion of the Issuer's initial business combination, the common stock of Property Solutions Acquisition Corp. was automatically converted into class A common stock of Faraday Future Intelligent Electric Inc. on a one-for-one basis.
F2 The shares and warrants are owned directly by Property Solutions Acquisition Sponsor, LLC ("Sponsor"), of which Aaron William Feldman is a managing member. Mr. Feldman disclaims beneficial ownership of the securities held by the Sponsor except to the extent of his pecuniary interests therein.
F3 In connection with the completion of the Issuer's initial business combination, 1,697,500 shares of common stock were forfeited by Sponsor for no consideration.
F4 80,000 shares and 80,000 warrants were issued to the Sponsor in connection with the conversion of a note payable into such securities for no additional consideration.

Remarks:

Note: Jordan Vogel, a director of the issuer who previously reported jointly with the reporting persons, is separately filing a Form 4 to report these transactions.