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Faraday Future Announces Executives’ Common Stock Purchases

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Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) announced that its Global CEO, Matthias Aydt, and Founder and Chief Product and User Ecosystem Officer, YT Jia, have purchased shares of the Company's Class A common stock in September. The total purchase amounted to 10,455 shares for $35,799, with Aydt acquiring 5,313 shares for $18,192 and Jia acquiring 5,142 shares for $17,606.

These purchases were made under previously disclosed Salary Deduction and Stock Purchase Agreements. Both executives have notified the company of their intention to use a portion of their base salaries to purchase additional shares over the three-month period from September through November 2024. The purchased shares are subject to a 180-day resale restriction.

Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) ha annunciato che il suo CEO globale, Matthias Aydt, e il Fondatore e Chief Product and User Ecosystem Officer, YT Jia, hanno acquistato azioni delle azioni ordinarie di Classe A dell'azienda in settembre. L'acquisto totale è ammontato a 10.455 azioni per $35.799, con Aydt che ha acquisito 5.313 azioni per $18.192 e Jia che ha acquisito 5.142 azioni per $17.606.

Questi acquisti sono stati effettuati in base a contratti di deduzione salariale e di acquisto azioni precedentemente comunicati. Entrambi i dirigenti hanno notificato all'azienda la loro intenzione di utilizzare una parte dei loro stipendi base per acquistare azioni aggiuntive nel periodo di tre mesi da settembre a novembre 2024. Le azioni acquistate sono soggette a una restrizione di rivendita di 180 giorni.

Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) anunció que su CEO global, Matthias Aydt, y el Fundador y Director de Producto y Ecosistema de Usuarios, YT Jia, han adquirido acciones de las acciones ordinarias Clase A de la compañía en septiembre. La compra total ascendió a 10,455 acciones por $35,799, con Aydt adquiriendo 5,313 acciones por $18,192 y Jia adquiriendo 5,142 acciones por $17,606.

Estas compras se realizaron bajo acuerdos de deducción salarial y compra de acciones previamente revelados. Ambos ejecutivos han notificado a la empresa su intención de usar una parte de sus salarios base para comprar acciones adicionales durante el periodo de tres meses de septiembre a noviembre de 2024. Las acciones compradas están sujetas a una restricción de reventa de 180 días.

파라데이 퓨처 지능형 전기 주식회사(Nasdaq: FFIE)는 글로벌 CEO인 마티아스 아이트(Matthias Aydt)와 창립자 겸 제품 및 사용자 생태계 책임자 YT 자(YT Jia)가 9월에 회사의 클래스 A 보통주를 구매했다고 발표했습니다. 총 구매 수량은 10,455주, $35,799이며, 아이트가 5,313주를 $18,192에, 자가 5,142주를 $17,606에 매입했습니다.

이 구매는 이전에 공개된 급여 공제 및 주식 구매 계약에 따라 이루어졌습니다. 두 임원 모두 2024년 9월부터 11월까지의 3개월 동안 기본 급여의 일부를 사용하여 추가 주식을 구매하겠다는 의사를 회사에 통보했습니다. 구매한 주식은 180일 재판매 제한이 적용됩니다.

Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) a annoncé que son PDG mondial, Matthias Aydt, et le Fondateur et Responsable Produit et Écosystème Utilisateur, YT Jia, ont acheté des actions des actions ordinaires de Classe A de l'entreprise en septembre. Le montant total de l'achat s'élève à 10 455 actions pour 35 799 $, Aydt acquérant 5 313 actions pour 18 192 $ et Jia acquérant 5 142 actions pour 17 606 $.

Ces achats ont été effectués dans le cadre d'accords de déduction salariale et d'achat d'actions préalablement divulgués. Les deux cadres ont informé l'entreprise de leur intention d'utiliser une partie de leurs salaires de base pour acheter des actions supplémentaires sur une période de trois mois, de septembre à novembre 2024. Les actions achetées sont soumises à une restriction de revente de 180 jours.

Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) hat bekannt gegeben, dass sein globaler CEO Matthias Aydt und der Gründer sowie Chief Product and User Ecosystem Officer YT Jia im September Aktien der Class-A-Stammaktien des Unternehmens erworben haben. Der Gesamtbetrag des Kaufs beläuft sich auf 10.455 Aktien für $35.799, wobei Aydt 5.313 Aktien für $18.192 und Jia 5.142 Aktien für $17.606 erworben hat.

Diese Käufe wurden im Rahmen zuvor offengelegter Gehaltsabzüge und Aktienkaufvereinbarungen vorgenommen. Beide Führungskräfte haben das Unternehmen darüber informiert, dass sie beabsichtigen, einen Teil ihrer Grundgehälter zu verwenden, um über einen Zeitraum von drei Monaten von September bis November 2024 weitere Aktien zu erwerben. Die gekauften Aktien unterliegen einer 180-tägigen Wiederverkaufsbeschränkung.

Positive
  • Executives demonstrate confidence in the company by purchasing shares
  • Executives commit to using a significant portion of their salaries for future stock purchases
Negative
  • The total value of shares purchased by executives is relatively small at $35,799

LOS ANGELES--(BUSINESS WIRE)-- Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (“FF”, “Faraday Future”, or “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced that its Global CEO, Matthias Aydt, and Founder and Chief Product and User Ecosystem Officer of FF, YT Jia, purchased shares of the Company’s Class A common stock in September, in an aggregate amount of 10,455 shares for $35,799 (consisting of 5,313 shares for $18,192 for Mr. Aydt, and 5,142 shares for $17,606 for Mr. Jia).

These stock purchases were made pursuant to the previously disclosed Salary Deduction and Stock Purchase Agreements. Both Mr. Aydt and Mr. Jia each have notified the Company that he intends to use a portion of his base salary (equal to approximately 64% of his initial pro-rated $550,000 base salary for Mr. Aydt and approximately 56% of his initial pro-rated $612,000 base salary for Mr. Jia, in each case after-tax) to purchase shares of the Company’s Class A common stock pursuant to the previously disclosed Salary Deduction and Stock Purchase Agreements over the three-month period of September through November 2024. Executives may choose, during an open trading window, to extend their share purchase commitment. The shares are restricted from resale for 180 days.

ABOUT FARADAY FUTURE

Faraday Future is the pioneer of the Ultimate AI TechLuxury ultra spire market in the intelligent EV era, and the disruptor of the traditional ultra-luxury car civilization epitomized by Ferrari and Maybach. FF is not just an EV Company, but also a software-driven intelligent internet Company. Ultimately FF aims to become a User Company by offering a shared intelligent mobility ecosystem. FF remains dedicated to advancing electric vehicle technology to meet the evolving needs and preferences of users worldwide, driven by a pursuit of intelligent and AI-driven mobility.

Investors (English): ir@faradayfuture.com

Investors (Chinese): cn-ir@faradayfuture.com

Media: john.schilling@ff.com

Source: Faraday Future Intelligent Electric Inc.

FAQ

How many shares of FFIE stock did Faraday Future executives purchase in September 2023?

Faraday Future executives purchased a total of 10,455 shares of FFIE stock in September 2023, with CEO Matthias Aydt buying 5,313 shares and Founder YT Jia buying 5,142 shares.

What is the value of FFIE stock purchased by Faraday Future executives in September 2023?

The total value of FFIE stock purchased by Faraday Future executives in September 2023 was $35,799, with CEO Matthias Aydt spending $18,192 and Founder YT Jia spending $17,606.

What percentage of their salaries are Faraday Future executives committing to FFIE stock purchases?

Faraday Future's CEO Matthias Aydt is committing approximately 64% of his pro-rated $550,000 base salary, while Founder YT Jia is committing approximately 56% of his pro-rated $612,000 base salary to FFIE stock purchases.

How long are the FFIE shares purchased by executives restricted from resale?

The FFIE shares purchased by Faraday Future executives are restricted from resale for 180 days.

Faraday Future Intelligent Electric Inc.

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