4//SEC Filing
Hartmann Benedikt 4
Accession 0001140361-21-025492
CIK 0001805521other
Filed
Jul 22, 8:00 PM ET
Accepted
Jul 23, 4:05 PM ET
Size
23.9 KB
Accession
0001140361-21-025492
Insider Transaction Report
Form 4
Hartmann Benedikt
Senior VP of Supply Chain
Transactions
- Award
Stock Option (Right to Buy)
2021-07-21+169,560→ 169,560 totalExercise: $2.41Exp: 2030-04-08→ Class A Common Stock (169,560 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
Class A Common Stock
2021-07-21+14,306→ 14,306 total - 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+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+18,741→ 18,741 totalExercise: $2.41Exp: 2030-07-26→ Class A Common Stock (18,741 underlying) - Award
Stock Option (Right to Buy)
2021-07-21+62,324→ 62,324 totalExercise: $2.41Exp: 2030-12-16→ Class A Common Stock (62,324 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+1,687→ 1,687 totalExercise: $2.41From: 2020-10-15Exp: 2030-12-16→ Class A Common Stock (1,687 underlying)
Footnotes (9)
- [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 January 21, 2021, 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 January 21, 2021, 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 January 21, 2022, 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 January 21, 2023, 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.
- [F8]Includes 259 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.
- [F9]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 0001873997
Filing Metadata
- Form type
- 4
- Filed
- Jul 22, 8:00 PM ET
- Accepted
- Jul 23, 4:05 PM ET
- Size
- 23.9 KB