Yueting Jia - 03 Dec 2024 Form 4 Insider Report for FARADAY FUTURE INTELLIGENT ELECTRIC INC. (FFAI)

Signature
/s/ Yueting Jia
Issuer symbol
FFAI
Transactions as of
03 Dec 2024
Net transactions value
-$159,945
Form type
4
Filing time
05 Dec 2024, 19:18:51 UTC
Previous filing
26 Nov 2024
Next filing
26 Aug 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FFIE Class A Common Stock Options Exercise +398,203 +1656% 422,256 03 Dec 2024 Direct F1
transaction FFIE Class A Common Stock Tax liability $159,945 -153,793 -36% $1.04 268,463 03 Dec 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 -398,203 -100% $0.000000 0 03 Dec 2024 Class A Common Stock 398,203 Direct F1, F3
* 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 September 13, 2024 (the "Grant Date"). Each RSU represents the right to receive one share of Class A Common Stock of the Company.
F2 Pursuant to the applicable award agreement underlying the related RSUs, shares of Class A Common Stock were sold by the Issuer to cover estimated taxes in connection with the RSUs' vesting. This sale price represents the weighted average sale price of the shares sold, ranging from $1.02 to $1.08 per share. The reporting person undertakes, upon request, to provide to the Staff, the Issuer, or any security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 These RSUs vested in full on December 3, 2024.