LOS ANGELES–( BUSINESS WIRE )– Faraday Future Intelligent Electric (Nasdaq: FFIE) (FF, or Faraday Future), a global ecosystem company in electric intelligent mobility, today announced The California-based joint venture announced that its global CEO, Matthias Aidt, and FF’s founder and chief product and user officer, Y.T. Jia, purchased the company’s Class A common stock in September, a total of 10,455 shares for $35,799 (consisting of 5,313 shares worth $18,192 to Mr. Aidt and 5,142 shares worth $17,606 to Mr. Jia).
These stock purchases were made pursuant to previously disclosed salary deduction and stock purchase agreements. Mr. Aidt and Mr. Jia have each notified the Company that they intend to use a portion of their base salary (equal to approximately 64% of Mr. Aidt’s pro rata initial base salary of $550,000 and approximately 56% of Mr. Jia’s prorated initial base salary of $612,000) to Each case is after-tax) to purchase shares of the Company’s Class A common stock pursuant to previously disclosed payroll deduction and stock purchase agreements over the three-month period from September through November 2024. Executives may, during an open trading window, elect to extend their commitment By purchasing shares. Resale of shares is prohibited for 180 days.
About Faraday’s future
Faraday Future is the market leader for the Ultimate AI TechLuxury Ultra Spire in the era of smart electric vehicles, revolutionizing the traditional ultra-luxury car culture embodied by Ferrari (NYSE:) and Maybach. FF is not just an electric car company, but also a software-driven intelligent Internet company. FF ultimately aims to become a user company by offering a common smart mobility ecosystem. Driven by the pursuit of intelligent and AI-driven mobility, FF remains committed to developing electric vehicle technology to meet the evolving needs and preferences of users around the world.
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Investors (English): ir@faradayfuture.com
Investors (Chinese): cn-ir@faradayfuture.com
Media: john.shilling@ff.com
Source: Faraday Future Intelligent Electric (NASDAQ:).
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