Chen Chad 4

What Happened
Chen Chad, a director of Faraday Future Intelligent Electric Inc. (FFAI), had restricted stock units (RSUs) vest and convert into common shares on April 15, 2026. Two RSU grants — 50,000 and 97,059 — vested and were converted into 147,059 Class A shares. The Form 4 reports these as exercise/conversion of derivative instruments (transaction code M) with $0 paid and $0 proceeds, indicating vesting/conversion rather than an open-market purchase or sale.

Key Details

• Transaction date: April 15, 2026; Form 4 filed April 17, 2026 (appears timely).
• Transaction type/code: Exercise/conversion of derivative (M) — RSUs vested and converted to shares.
• Share counts: 50,000 (grant dated Aug 14, 2025) and 97,059 (grant dated Dec 31, 2025); total 147,059 shares.
• Price/consideration: $0 paid / $0 proceeds (conversion of RSUs to shares).
• Shares owned after transaction: Not specified in this filing.
• Footnotes: F1 and F2 describe the RSU grants; F3 notes these RSUs vested in full on April 15, 2026.
• No 10b5‑1 plan, tax‑withholding, or immediate sale reported in this filing.

Context
This was a vesting/conversion of equity awards, not an open‑market trade. Such filings typically reflect compensation vesting and do not necessarily indicate a change in insider sentiment. Because no shares were sold, there were no proceeds to evaluate; the report simply documents the conversion of RSUs into common stock.