Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | FFIE | Performance Stock Units | Award | $0 | +517K | $0.00 | 517K | Mar 29, 2023 | Class A Common Stock | 517K | Direct | F1, F2 |
Id | Content |
---|---|
F1 | Represents performance stock units ("PSUs") granted to the reporting person on October 25, 2022 (the "Grant Date"), with a start-of-production of the issuer's FF91 Futurist as the performance measurement, which was satisfied on March 29, 2023. Each PSU represents the right to receive one share of Class A Common Stock of the Company |
F2 | These PSUs vest 1/3 on March 29, 2024, then in a series of 2 equal annual installments thereafter, subject to the reporting person's continued employment through the applicable vesting dates. |