4//SEC Filing
Cuomo Gerard 4
Accession 0001140361-21-025493
CIK 0001805521other
Filed
Jul 22, 8:00 PM ET
Accepted
Jul 23, 4:06 PM ET
Size
13.0 KB
Accession
0001140361-21-025493
Insider Transaction Report
Form 4
Cuomo Gerard
Controller
Transactions
- Award
Stock Option (Right to Buy)
2021-07-21+20,771→ 20,771 totalExercise: $7.95Exp: 2031-04-28→ Class A Common Stock (20,771 underlying) - Award
Stock Option (Right to Buy)
2021-07-21+6,923→ 6,923 totalExercise: $7.95Exp: 2031-04-28→ Class A Common Stock (6,923 underlying) - Award
Stock Option (Right to Buy)
2021-07-21+3,461→ 3,461 totalExercise: $7.95Exp: 2031-04-28→ Class A Common Stock (3,461 underlying) - Award
Stock Option (Right to Buy)
2021-07-21+3,461→ 3,461 totalExercise: $7.95Exp: 2031-04-28→ Class A Common Stock (3,461 underlying)
Footnotes (5)
- [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 March 31, 2022, 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 March 31, 2022, 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 March 31, 2023, 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 March 31, 2024, 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 0001874043
Filing Metadata
- Form type
- 4
- Filed
- Jul 22, 8:00 PM ET
- Accepted
- Jul 23, 4:06 PM ET
- Size
- 13.0 KB