4//SEC Filing
Kruse Robert A Jr. 4
Accession 0001140361-21-025487
CIK 0001805521other
Filed
Jul 22, 8:00 PM ET
Accepted
Jul 23, 4:05 PM ET
Size
21.6 KB
Accession
0001140361-21-025487
Insider Transaction Report
Form 4
Kruse Robert A Jr.
Senior VP, Product Execution
Transactions
- Award
Stock Option (Right to Buy)
2021-07-21+42,390→ 42,390 totalExercise: $2.41Exp: 2030-04-08→ Class A Common Stock (42,390 underlying) - Award
Stock Option (Right to Buy)
2021-07-21+42,390→ 42,390 totalExercise: $2.41Exp: 2030-04-08→ Class A Common Stock (42,390 underlying) - Award
Stock Option (Right to Buy)
2021-07-21+18,740→ 18,740 totalExercise: $2.41Exp: 2030-07-26→ Class A Common Stock (18,740 underlying) - Award
Stock Option (Right to Buy)
2021-07-21+2,082→ 2,082 totalExercise: $2.41From: 2020-03-16Exp: 2030-07-26→ Class A Common Stock (2,082 underlying) - Award
Stock Option (Right to Buy)
2021-07-21+58,708→ 58,708 totalExercise: $2.41Exp: 2030-12-16→ Class A Common Stock (58,708 underlying) - Award
Stock Option (Right to Buy)
2021-07-21+84,780→ 84,780 totalExercise: $2.41Exp: 2030-04-08→ Class A Common Stock (84,780 underlying) - Award
Stock Option (Right to Buy)
2021-07-21+42,390→ 42,390 totalExercise: $2.41Exp: 2030-04-08→ Class A Common Stock (42,390 underlying) - Award
Stock Option (Right to Buy)
2021-07-21+1,687→ 1,687 totalExercise: $2.41From: 2020-10-15Exp: 2030-12-16→ Class A Common Stock (1,687 underlying)
Footnotes (7)
- [F1]Pursuant to the Agreement and Plan of Merger, dated January 27, 2021, as amended, by and among Property Solutions Acquisitions Corp. ("PSAC"), PSAC Merger Sub Ltd., and FF Intelligent Mobility Global Holdings Ltd. ("FF") (the "Merger Agreement"), the merger pursuant to which closed on July 21, 2021 ("Closing"), (i) each outstanding share of FF common stock held by the reporting person converted into the right to receive shares of the Issuer's Class A common stock using an exchange ratio of 0.1413 (the "Exchange Ratio"), and (ii) each outstanding and unexercised option to purchase shares of FF common stock converted into an option to purchase shares of the Issuer's common stock, with necessary adjustments to reflect the Exchange Ratio but otherwise the same terms and conditions. On the Closing date, the closing price of the Issuer's common stock was $13.78. Following Closing, the Issuer will be renamed "Faraday Future Intelligent Electric Inc."
- [F2]These stock options vest 25% on November 18, 2020, then in a series of 36 equal monthly installments thereafter, subject to the reporting person's continued employment through the applicable vesting date.
- [F3]These stock options vest in a series of 48 equal monthly installments starting on November 18, 2020, subject to the reporting person's continued employment through the applicable vesting date.
- [F4]These stock options vest in a series of 48 equal monthly installments starting on November 18, 2021, subject to the reporting person's continued employment through the applicable vesting date.
- [F5]These stock options vest in a series of 48 equal monthly installments starting on November 18, 2022, subject to the reporting person's continued employment through the applicable vesting date.
- [F6]These stock options vest 25% on March 16, 2021, then in a series of 36 equal monthly installments thereafter, subject to the reporting person's continued employment through the applicable vesting date.
- [F7]These stock options vest 25% on October 15, 2021, then in a series of 36 equal monthly installments thereafter, subject to the reporting person's continued employment through the applicable vesting date.
Documents
Issuer
FARADAY FUTURE INTELLIGENT ELECTRIC INC.
CIK 0001805521
Entity typeother
Related Parties
1- filerCIK 0001873922
Filing Metadata
- Form type
- 4
- Filed
- Jul 22, 8:00 PM ET
- Accepted
- Jul 23, 4:05 PM ET
- Size
- 21.6 KB