Business
Faraday Future Founder and Co-CEO, YT Jia, and FF Global President Jerry Wang Enter Into 10b5-1 Stock Purchase Plans
These plans underscore YT Jia’s and Jerry Wang’s personal commitments to the Company’s future and aligns their interests directly with those of stockholders.
About this update from Faraday Future Intelligent Electric Inc.
[{"type":"text","content":"\n\nThese plans underscore YT Jia’s and Jerry Wang’s personal commitments to the Company’s future and aligns their interests directly with those of stockholders.\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 shared intelligent electric mobility ecosystem company, today announced that FF Founder and Co-CEO YT Jia and FF Global President Jerry Wang have entered into 10b5-1 executive stock purchase plans. Under SEC compliance rules, there will be a 90-day cooling-off period, after which our broker will automatically execute the stock purchases at times and in amounts in accordance with the plans.\n\n\nYT Jia plans to purchase a total of $560,000 worth of shares of FF common stock (including commission fee), representing the after-tax portion of his $1.2 million signing bonus in connection with his recent appointment as Co-CEO. Jerry Wang plans to purchase a total of $50,000 worth of shares of FF common stock (including commission fee). The 10b5-1 plans were officially initiated on May 23, 2025. The first trade window is scheduled to open on or around August 25, 2025, following the aforementioned 90-day cooling-off period.\n\n\nIn an effort to further demonstrate long-term confidence and commitment with stockholders, the executives have made non-binding commitments not to terminate or amend the 10b5-1 plans once effective.\n\n\n“These planned stock purchases reflect our continued confidence in FF’s long-term vision and commitment to our mission,” said YT.\n\n\n“We are taking a proactive step to align our personal interests with those of our stockholders and reinforce our dedication to the Company’s future,” said Jerry.\n\n\nABOUT FARADAY FUTURE\n\n\nFaraday Future is a California-based global shared intelligent electric mobility ecosystem company. Founded in 2014, the Company’s mission is to disrupt the automotive industry by creating a user-centric, technology-first, and smart driving experience. Faraday Future’s flagship model, the FF91, exemplifies its vision for luxury, innovation, and performance. The FX strategy aims to introduce mass production models equipped with state-of-the-art luxury technology similar to the FF 91, targeting a broader market with middle-to-low price range offerings. FF is committed to r...