Peker Lev 4

What Happened

• Peker Lev, a director of Faraday Future Intelligent Electric Inc. (FFAI), had restricted stock units (RSUs) converted into 147,059 shares of Class A common stock on April 15, 2026. The filing shows two conversions: 50,000 and 97,059 RSUs. The reported disposal price for the derivative was $0.00, indicating settlement/issuance of shares from RSUs rather than a cash purchase or sale.

Key Details

• Transaction date: April 15, 2026; Form 4 filed April 17, 2026 (appears timely—within the typical 2-business-day window).
• Transaction code: M (exercise or conversion of a derivative security).
• Shares converted/issued: 50,000 and 97,059 (total 147,059). Reported consideration: $0.00 for the derivative disposal (i.e., shares issued on settlement).
• Shares owned after the transaction: not specified in the excerpt provided.
• Relevant footnotes from the filing:
  • F1: RSUs granted Aug 14, 2025 (each RSU = 1 share).
  • F2: RSUs granted Dec 31, 2025 (each RSU = 1 share).
  • F3: Filing states these RSUs vested in full on April 15, 2025.
• No evidence in the filing that the shares were immediately sold (no open-market sale reported).

Context

• Code M indicates exercise/conversion of a derivative — here, the RSUs were settled for shares. The $0.00 derivative consideration typically means the award converted to shares without a cash payment by the insider (standard RSU settlement).
• This is not a purchase or sale in the open market; it reflects compensation award settlement. Such conversions may be routine and subject to company trading windows and other restrictions.