Jie Sheng - 15 Apr 2024 Form 4 Insider Report for FARADAY FUTURE INTELLIGENT ELECTRIC INC. (FFAI)

Role
Director
Signature
/s/ Jie Sheng
Issuer symbol
FFAI
Transactions as of
15 Apr 2024
Net transactions value
$0
Form type
4
Filing time
28 May 2024, 18:32:56 UTC
Previous filing
19 Oct 2023
Next filing
17 Sep 2024
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 Options Exercise +14,493 +2261% 15,134 15 Apr 2024 Direct F1, F2, F3

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 Restricted Stock Units Options Exercise $0 -14,493 -100% $0.000000* 0 15 Apr 2024 Class A Common Stock 14,493 Direct F1, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units ("RSUs") granted to the reporting person on March 31, 2023 (the "Grant Date"). Each RSU represents the right to receive one share of Class A Common Stock of the Company
F2 On August 28, 2023, the issuer effected a one-for-eighty reverse stock split of all issued and outstanding shares of its Class A common stock (the "Common Stock"), which resulted in the reporting person's ownership of issued and outstanding shares of the Common Stock being reduced from 153,816 shares to 1,923 shares.
F3 On March 1, 2024, the issuer effected a one-for-three reverse stock split of all issued and outstanding shares of its Class A common stock (the "Common Stock"), which resulted in the reporting person's ownership of issued and outstanding shares of the Common Stock being reduced from 1,923 shares to 641 shares.
F4 These RSUs vest in full on April 15, 2024.
F5 On March 1, 2024, the issuer effected a one-for-three reverse stock split of all issued and outstanding shares of its Class A common stock and the related equity awards which include stock options, performance stock options, restricted stock units ("RSU"s) and performance RSUs, resulting in the reporting person's ownership of shares of the unvested RSUs prior to the first aniversary vesting being reduced from 43,478 shares to 14,493 shares.