4//SEC Filing
Breitfeld Carsten 4
Accession 0001140361-21-025488
CIK 0001805521other
Filed
Jul 22, 8:00 PM ET
Accepted
Jul 23, 4:05 PM ET
Size
19.7 KB
Accession
0001140361-21-025488
Insider Transaction Report
Form 4
Breitfeld Carsten
DirectorGlobal Chief Exec. Officer
Transactions
- Award
Stock Option (Right to Buy)
2021-07-21+734,760→ 734,760 totalExercise: $2.41Exp: 2030-04-08→ Class A Common Stock (734,760 underlying) - Award
Stock Option (Right to Buy)
2021-07-21+367,380→ 367,380 totalExercise: $2.41Exp: 2030-04-08→ Class A Common Stock (367,380 underlying) - Award
Stock Option (Right to Buy)
2021-07-21+95,833→ 95,833 totalExercise: $2.41Exp: 2030-07-26→ Class A Common Stock (95,833 underlying) - Award
Stock Option (Right to Buy)
2021-07-21+367,380→ 367,380 totalExercise: $2.41Exp: 2030-04-08→ Class A Common Stock (367,380 underlying) - Award
Stock Option (Right to Buy)
2021-07-21+10,648→ 10,648 totalExercise: $2.41From: 2020-03-16Exp: 2030-07-26→ Class A Common Stock (10,648 underlying) - Award
Class A Common Stock
2021-07-21+548,978→ 548,978 total - Award
Stock Option (Right to Buy)
2021-07-21+367,380→ 367,380 totalExercise: $2.41Exp: 2030-04-08→ Class A Common Stock (367,380 underlying)
Footnotes (8)
- [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 September 3, 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 September 3, 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 September 3, 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 September 3, 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]Includes 27,768 shares of the Issuer's Class A common stock (the "Earnout Shares") that the reporting person has the right to receive if the trading price of the Issuer's Class A common stock reaches certain thresholds ("Price Thresholds"). The reporting person's right to receive the Earnout Shares became fixed and irrevocable at Closing. Any Earnout Shares that have not vested by the fifth anniversary of the closing of the Issuer's initial public offering will be forfeited.
- [F8]The Earnout Shares subject to the Price Thresholds vest in in equal halves if the trading price of Common Stock is greater than or equal to $13.50 and $15.50, respectively, for any 20 trading days within any 30-trading day period.
Documents
Issuer
FARADAY FUTURE INTELLIGENT ELECTRIC INC.
CIK 0001805521
Entity typeother
Related Parties
1- filerCIK 0001872696
Filing Metadata
- Form type
- 4
- Filed
- Jul 22, 8:00 PM ET
- Accepted
- Jul 23, 4:05 PM ET
- Size
- 19.7 KB