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

Signature
/s/ Jonathan Maroko
Issuer symbol
FFAI
Transactions as of
16 Jul 2024
Net transactions value
-$1,020
Form type
4
Filing time
17 Jul 2024, 20:44:52 UTC
Previous filing
31 Oct 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FFIE Class A Common Stock Options Exercise +4,831 4,831 16 Jul 2024 Direct F1
transaction FFIE Class A Common Stock Tax liability $1,020 -1,980 -41% $0.5152 2,851 16 Jul 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 -4,831 -25% $0.000000 14,493 16 Jul 2024 Class A Common Stock 4,831 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.