Mok Chui Tin 4
4 · FARADAY FUTURE INTELLIGENT ELECTRIC INC. · Filed Dec 5, 2024
Insider Transaction Report
Form 4
Mok Chui Tin
Exec. VP, Head of User Ecosys.
Transactions
- Exercise/Conversion
Class A Common Stock
2024-12-03+31,965→ 31,989 total - Tax Payment
Class A Common Stock
2024-12-03$1.04/sh−13,625$14,170→ 18,364 total - Exercise/Conversion
Restricted Stock Units
2024-12-03−31,965→ 0 total→ Class A Common Stock (31,965 underlying)
Footnotes (6)
- [F1]Represents restricted stock units ("RSUs") granted to the reporting person on September 13, 2024. Each RSU represents the right to receive one share of Class A Common Stock of the Company.
- [F2]After the close of market on August 25, 2023, the issuer effected a one-for-eighty reverse stock split of all issued and outstanding shares of its Class A common stock (the "Common Stock"), which resulted in the reporting person's ownership of issued and outstanding shares of the Common Stock being reduced from 223,169 shares to 2,793 shares.
- [F3]After the close of market on February 29, 2024, the issuer effected a one-for-three reverse stock split of all issued and outstanding shares of its Class A common stock (the "Common Stock"), which resulted in the reporting person's ownership of issued and outstanding shares of the Common Stock being reduced from 2,793 shares to 933 shares.
- [F4]After the close of market on August 16, 2024, the issuer effected a one-for-forty reverse stock split of all issued and outstanding shares of its Class A common stock (the "Common Stock"), which resulted in the reporting person's ownership of issued and outstanding shares of the Common Stock being reduced from 933 shares to 24 shares.
- [F5]Pursuant to the applicable award agreement underlying the related RSUs, shares of Class A Common Stock were sold by the Issuer to cover estimated taxes in connection with the RSUs' vesting. This sale price represents the weighted average sale price of the shares sold, ranging from $1.02 to $1.08 per share. The reporting person undertakes, upon request, to provide to the Staff, the Issuer, or any security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F6]These RSUs vested in full on December 3, 2024.