Faraday Future (FFAI) Director Jiang Xiao Receives RSUs, Sells 2,529 Shares

What Happened
Jiang Xiao, a director of Faraday Future Intelligent Electric Inc. (FFAI), had 5,825 restricted stock units (RSUs) vest and automatically settle into 5,825 shares on Aug 24, 2026 (no purchase price). On Aug 25, 2026, 2,529 of those shares were sold in the open market by the broker to satisfy employee tax withholding obligations, generating cash proceeds of approximately $7,056 (weighted average price $2.79).

Key Details

• Transaction dates: RSUs vested/settled on 2026-08-24; shares sold for tax withholding on 2026-08-25. Form filed 2026-08-26 (within the 2-business-day Form 4 window).
• Shares: 5,825 shares settled from RSUs; 2,529 shares sold to cover taxes; net retained from this settlement = 3,296 shares (5,825 − 2,529).
• Sale price: weighted average $2.79; individual sale prices ranged $2.66–$3.10 (filing notes broker sold in multiple transactions).
• Footnotes: F1—RSUs had no exercise price, granted Aug 17, 2026, vested and settled Aug 24, 2026 for no consideration. F2—2,529 shares sold to satisfy tax withholding and proceeds remitted to the company. F3—weighted average price; detailed per-trade prices available on request.
• Nature: This was an award/vesting event and a routine tax-withholding sale, not a market-timed purchase signal.

Context
RSU vesting that automatically settles into shares is an award, not a purchase; the subsequent broker sale to satisfy withholding is a common administrative transaction and typically does not indicate the insider is reducing their investment by choice. No 10b5-1 plan or gifting was indicated in the filing.