Jonathan Maroko - Jul 16, 2024 Form 4 Insider Report for FARADAY FUTURE INTELLIGENT ELECTRIC INC. (FFIE)

Signature
/s/ Jonathan Maroko
Stock symbol
FFIE
Transactions as of
Jul 16, 2024
Transactions value $
-$1,020
Form type
4
Date filed
7/17/2024, 08:44 PM
Previous filing
Oct 31, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FFIE Class A Common Stock Options Exercise +4.83K 4.83K Jul 16, 2024 Direct F1
transaction FFIE Class A Common Stock Tax liability -$1.02K -1.98K -40.99% $0.52 2.85K Jul 16, 2024 Direct F2

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 -4.83K -25% $0.00 14.5K Jul 16, 2024 Class A Common Stock 4.83K Direct F1, F3, F4
* 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 October 29, 2023. Each RSU represents the right to receive one share of Class A Common Stock of the Company.
F2 This forfeiture of shares to satisfy applicable tax withholding does not constitute a sale transaction. These shares were forfeited to satisfy applicable tax withholding in connection with the vesting of RSUs.
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 and the related equity awards which include stock options, performance stock options, RSUs and performance RSUs, resulting in the reporting person's ownership of shares of the unvested RSUs prior to the first anniversary vesting being reduced from 57,971 shares to 19,324 shares.
F4 These RSUs vest in four equal installments on each of the first four anniversaries of July 16, 2023.