Xuefeng Chen - 29 Mar 2023 Form 4 Insider Report for FARADAY FUTURE INTELLIGENT ELECTRIC INC. (FFAI)

Role
Global Chief Exec. Officer, Director
Signature
/s/ Xuefeng Chen
Issuer symbol
FFAI
Transactions as of
29 Mar 2023
Net transactions value
$0
Form type
4
Filing time
31 Mar 2023, 18:36:18 UTC
Previous filing
28 Feb 2023
Next filing
20 Jun 2023
SEC
View on sec.gov

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 Performance Stock Options (Right to Buy) Award +1,000,000 1,000,000 29 Mar 2023 Class A Common Stock 1,000,000 $1.08 Direct F1, F2
transaction FFIE Performance Stock Options (Right to Buy) Award +141,300 141,300 29 Mar 2023 Class A Common Stock 141,300 $2.77 Direct F3, F4
transaction FFIE Performance Stock Options (Right to Buy) Award +70,650 70,650 29 Mar 2023 Class A Common Stock 70,650 $2.77 Direct F4, F5
transaction FFIE Performance Stock Options (Right to Buy) Award +70,650 70,650 29 Mar 2023 Class A Common Stock 70,650 $2.77 Direct F4, F6
transaction FFIE Performance Stock Options (Right to Buy) Award +70,650 70,650 29 Mar 2023 Class A Common Stock 70,650 $2.77 Direct F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These performance stock options vest 25% on March 29, 2024, then in a series of 3 equal annual installments thereafter, subject to the reporting person's continued employment through the applicable vesting dates.
F2 Granted on February 3, 2023, these performance options have a start-of-production of the issuer's FF91 Futurist as the performance measurement, which was satisfied on March 29, 2023.
F3 These performance stock options vest 25% on March 29, 2024, then in a series of 36 equal monthly installments thereafter, subject to the reporting person's continued employment through the applicable vesting dates.
F4 Granted on January 20, 2021, these performance options have a start-of-production of the issuer's FF91 Futurist as the performance measurement, which was satisfied on March 29, 2023.
F5 These stock options vest 1/48 on April 29, 2024, then in a series of 47 equal monthly installments thereafter, subject to the reporting person's continued employment through the applicable vesting dates.
F6 These stock options vest 1/48 on April 29, 2025, then in a series of 47 equal monthly installments thereafter, subject to the reporting person's continued employment through the applicable vesting dates.
F7 These stock options vest 1/48 on April 29, 2026, then in a series of 47 equal monthly installments thereafter, subject to the reporting person's continued employment through the applicable vesting dates.