Faraday Future Announces Executives’ Common Stock Purchases
October 02 2024 - 11:13PM
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20241002658089/en/
Investors (English): ir@faradayfuture.com
Investors (Chinese): cn-ir@faradayfuture.com
Media: john.schilling@ff.com
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