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Faraday Future Announces Executive Share Purchase Initiative to Strengthen Long-Term Value, Act Against Potential Illegal Market Manipulation, and Further Align Interests with Stockholders
Subject to Board approval, compliance with applicable securities laws and the Company’s trading policies, the Company intends to purchase shares of its
About this update from Faraday Future Intelligent Electric Inc.
[{"type":"text","content":"\n\nSubject to Board approval, compliance with applicable securities laws and the Company’s trading policies, the Company intends to purchase shares of its common stock in an amount approximately equal to the total value of executive and employee deferred compensation for the March through May period, which is about $500,000 on an after-tax basis.\n\n\n\nRepurchased shares would be transferred to participating executives and other employees as a settlement of the deferred compensation, increasing their equity ownership in the Company.\n\n\n\nThis initiative reinforces a commitment to the Company’s strategic execution, as well as demonstrates the Company’s action against potential illegal market manipulation and short selling.\n\n\n\n LOS ANGELES--(BUSINESS WIRE)--\nFaraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“Faraday Future”, “FF” or the “Company”), a California-based global Embodied AI (EAI) ecosystem company, today announced a new initiative under which executives and other employees will increase their ownership in the Company through a structured share acquisition program in exchange for deferring part of their salaries.\n\n\nThis initiative is designed to align management and employee interests more closely with stockholders and reinforce commitment to the Company’s strategic execution during the current market environment.\n\n\nAs part of this program, certain executives and employees will defer a portion of their base compensation for a three-month period from March 1, 2026, through May 31, 2026. The deferred amounts are intended to be used as a reference for the Company to repurchase shares of its common stock.\n\n\nSubject to Board approval, compliance with applicable securities laws and the Company’s trading policies, FF intends to repurchase shares in an amount approximately equal to the total estimated after-tax deferred compensation for the period (estimated to be approximately $500,000 after tax). These shares are expected to be subsequently transferred to participating executives and other employees, increasing their equity ownership in the Company.\n\n\nThe Company believes this initiative sends a clear message that, in the face of capital markets volatility and potential illegal short selling and market manipulation, FF will not be distracted, but instead will respond in a proactive, prudent, and re...