4//SEC Filing
Krolicki Brian K. 4
Accession 0001140361-21-025497
CIK 0001805521other
Filed
Jul 22, 8:00 PM ET
Accepted
Jul 23, 4:06 PM ET
Size
10.5 KB
Accession
0001140361-21-025497
Insider Transaction Report
Form 4
Krolicki Brian K.
Director
Transactions
- Award
Stock Option (Right to Buy)
2021-07-21+50,044→ 50,044 totalExercise: $2.55Exp: 2029-07-30→ Class A Common Stock (50,044 underlying) - Award
Stock Option (Right to Buy)
2021-07-21+7,653→ 7,653 totalExercise: $7.95Exp: 2031-05-27→ Class A Common Stock (7,653 underlying) - Award
Stock Option (Right to Buy)
2021-07-21+45,922→ 45,922 totalExercise: $2.55Exp: 2030-05-01→ Class A Common Stock (45,922 underlying)
Footnotes (4)
- [F1]Pursuant to the Agreement and Plan of Merger, dated January 27, 2021, as amended, by and among Property Solutions Acquisitions Corp. ("PSAC"), PSAC Merger Sub Ltd., and FF Intelligent Mobility Global Holdings Ltd. ("FF") (the "Merger Agreement"), the merger pursuant to which closed on July 21, 2021 ("Closing"), (i) each outstanding share of FF common stock held by the reporting person converted into the right to receive shares of the Issuer's Class A common stock using an exchange ratio of 0.1413 (the "Exchange Ratio"), and (ii) each outstanding and unexercised option to purchase shares of FF common stock converted into an option to purchase shares of the Issuer's common stock, with necessary adjustments to reflect the Exchange Ratio but otherwise the same terms and conditions. On the Closing date, the closing price of the Issuer's common stock was $13.78. Following Closing, the Issuer will be renamed "Faraday Future Intelligent Electric Inc."
- [F2]These stock options vested in a series of 12 equal annual installments starting on May 1, 2020.
- [F3]These stock options vest in a series of 36 equal monthly installments starting on July 1, 2019, subject to the reporting person's continued employment through the applicable vesting date.
- [F4]These stock options vested 50% on June 1, 2021 and 50% on July 1, 2021.
Documents
Issuer
FARADAY FUTURE INTELLIGENT ELECTRIC INC.
CIK 0001805521
Entity typeother
Related Parties
1- filerCIK 0001801624
Filing Metadata
- Form type
- 4
- Filed
- Jul 22, 8:00 PM ET
- Accepted
- Jul 23, 4:06 PM ET
- Size
- 10.5 KB