Vogel Jordan 4
4 · FARADAY FUTURE INTELLIGENT ELECTRIC INC. · Filed Jul 23, 2021
Insider Transaction Report
Form 4
Vogel Jordan
DirectorCo-Chief Executive Officer10% Owner
Transactions
- Disposition to Issuer
Class A Common Stock
2021-07-21−1,697,500→ 4,530,312 total(indirect: See footnote) - Award
Class A Common Stock
2021-07-21+80,000→ 4,610,312 total(indirect: See footnote) - Award
Warrants
2021-07-21+80,000→ 563,420 total(indirect: See footnote)Exercise: $11.50From: 2021-08-20Exp: 2026-07-21→ Class A Common Stock (80,000 underlying)
Footnotes (4)
- [F1]In connection with the completion of the Issuer's initial business combination, the common stock of Property Solutions Acquisition Corp. was automatically converted into class A common stock of Faraday Future Intelligent Electric Inc. on a one-for-one basis.
- [F2]The shares and warrants are owned directly by Property Solutions Acquisition Sponsor, LLC ("Sponsor"), of which Jordan Vogel is a managing member. Mr. Vogel disclaims beneficial ownership of the securities held by the Sponsor except to the extent of his pecuniary interests therein.
- [F3]In connection with the completion of the Issuer's initial business combination, 1,697,500 shares of common stock were forfeited by Sponsor for no consideration.
- [F4]80,000 shares and 80,000 warrants were issued to the Sponsor in connection with the conversion of a note payable into such securities for no additional consideration.