Rao Hong 4

Accession 0001140361-21-025491

CIK 0001805521other

View on SEC.gov Company Profile

Filed

Jul 22, 8:00 PM ET

Accepted

Jul 23, 4:05 PM ET

Size

30.6 KB

Accession

0001140361-21-025491

Insider Transaction Report

Form 4

Period: 2021-07-21

FARADAY FUTURE INTELLIGENT ELECTRIC INC.FFIE

Rao Hong

Vice President, I.A.I.

Transactions

Award
Class A Common Stock
2021-07-21+221,681→ 221,681 total
Award
Stock Option (Right to Buy)
2021-07-21+84,780→ 84,780 total
Exercise: $2.55Exp: 2028-02-01→ Class A Common Stock (84,780 underlying)
Award
Stock Option (Right to Buy)
2021-07-21+42,390→ 42,390 total
Exercise: $2.55Exp: 2028-02-01→ Class A Common Stock (42,390 underlying)
Award
Stock Option (Right to Buy)
2021-07-21+58,766→ 58,766 total
Exercise: $2.55Exp: 2029-05-30→ Class A Common Stock (58,766 underlying)
Award
Stock Option (Right to Buy)
2021-07-21+3,431→ 3,431 total
Exercise: $2.41From: 2020-03-16Exp: 2030-07-26→ Class A Common Stock (3,431 underlying)
Award
Stock Option (Right to Buy)
2021-07-21+29,672→ 29,672 total
Exercise: $2.41Exp: 2030-12-16→ Class A Common Stock (29,672 underlying)
Award
Stock Option (Right to Buy)
2021-07-21+42,390→ 42,390 total
Exercise: $2.55Exp: 2028-02-01→ Class A Common Stock (42,390 underlying)
Award
Stock Option (Right to Buy)
2021-07-21+163,081→ 163,081 total
Exercise: $2.41Exp: 2030-07-26→ Class A Common Stock (163,081 underlying)
Award
Stock Option (Right to Buy)
2021-07-21+29,672→ 29,672 total
Exercise: $2.41Exp: 2030-12-16→ Class A Common Stock (29,672 underlying)
Award
Stock Option (Right to Buy)
2021-07-21+59,345→ 59,345 total
Exercise: $2.41Exp: 2030-12-16→ Class A Common Stock (59,345 underlying)
Award
Stock Option (Right to Buy)
2021-07-21+42,390→ 42,390 total
Exercise: $2.55Exp: 2028-02-01→ Class A Common Stock (42,390 underlying)
Award
Stock Option (Right to Buy)
2021-07-21+29,672→ 29,672 total
Exercise: $2.41Exp: 2030-12-16→ Class A Common Stock (29,672 underlying)

Footnotes (13)

[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."
[F10]These stock options vest 25% on December 1, 2022, then in a series of 36 equal monthly installments thereafter, subject to the reporting person's continued employment through the applicable vesting date.
[F11]These stock options vest in a series of 48 equal monthly installments starting on December 1, 2022, subject to the reporting person's continued employment through the applicable vesting date.
[F12]Includes 12,048 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.
[F13]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.
[F2]These stock options vested 25% on June 1, 2016, then in a series of 36 equal monthly installments thereafter.
[F3]These stock options vested in a series of 48 equal monthly installments starting on June 1, 2016.
[F4]These stock options vested in a series of 48 equal monthly installments starting on June 1, 2017.
[F5]These stock options vest in a series of 48 equal monthly installments starting on June 1, 2018, subject to the reporting person's continued employment through the applicable vesting date.
[F6]These stock options vest 25% on March 15, 2020, 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 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.
[F8]These stock options vest 25% on December 1, 2020, then in a series of 36 equal monthly installments thereafter, subject to the reporting person's continued employment through the applicable vesting date.
[F9]These stock options vest 25% on December 1, 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

1 file

4
form4.xmlPrimary
FORM 4

Issuer

FARADAY FUTURE INTELLIGENT ELECTRIC INC.

CIK 0001805521

→

Entity typeother

Related Parties

filerCIK 0001872672

Filing Metadata

Form type: 4
Filed: Jul 22, 8:00 PM ET
Accepted: Jul 23, 4:05 PM ET
Size: 30.6 KB

View on SEC.gov