Faraday Future (FFAI) CEO sells shares to cover tax bill
Rhea-AI Filing Summary
FARADAY FUTURE INTELLIGENT ELECTRIC INC. (FFAI) reported insider equity activity by Global CEO Jia Yueting. On August 24, 2026, 21,842 Restricted Stock Units vested and automatically settled into 21,842 shares of Class A common stock for no consideration, eliminating this RSU position.
On August 25, 2026, 8,262 Class A shares were sold at a weighted average price of $2.79 per share in multiple trades to satisfy applicable employee tax withholding obligations, with cash proceeds remitted to the company. A prior 1-for-150 reverse stock split effective after the close of July 23, 2026 had reduced Jia Yueting’s reported Class A holdings from 531,838 shares to 3,546 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
Jia Yueting
Role
Global CEO
Sold
8,262 shs ($23K)
Approx. gross sale proceeds
$23K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F3, F4, F2 | 8,262 | $2.79 | $23K |
| Exercise | Restricted Stock Units F1 | 21,842 | -- | -- |
| Exercise | Class A Common Stock F1, F2 | 21,842 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Class A Common Stock — 17,126 shares (Direct)
Footnotes (4)
- F1. Each restricted stock unit ("RSU") represented a contingent right to receive one share of Class A common stock of the Company. The RSUs had no exercise or conversion price and were not exercisable. The RSUs were granted on August 17, 2026, vested in full and automatically settled on August 24, 2026 for no consideration. The RSUs had no expiration date
- F2. After the close of market on July 23, 2026, the issuer effected a one-for-one hundred fifty reverse stock split of all issued and outstanding shares of its Class A common stock (the "Common Stock"), which resulted in the reporting person's ownership of issued and outstanding shares of the Common Stock being reduced from 531,838 shares to 3,546 shares
- F3. Represents 8,262 shares sold in connection with the vesting and settlement of RSUs to satisfy applicable employee tax withholding obligations. The shares were sold by the broker and the cash proceeds were remitted to the Company to satisfy the applicable tax withholding obligations
- F4. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.66 to $3.10, inclusive. The Reporting Person undertakes to provide, upon request, full information regarding the number of shares sold at each separate price.
Key Figures
Shares sold: 8,262 shares of Class A Common Stock
Weighted average sale price: $2.79 per share
RSUs settled: 21,842 Restricted Stock Units
+3 more
6 metrics
Shares sold
8,262 shares of Class A Common Stock
Sold on August 25, 2026 to satisfy tax withholding obligations
Weighted average sale price
$2.79 per share
Price for 8,262 Class A shares sold on August 25, 2026
RSUs settled
21,842 Restricted Stock Units
Vested and automatically settled into 21,842 Class A shares on August 24, 2026
Reverse stock split ratio
1-for-150
Reverse stock split of Class A common stock effective after market close on July 23, 2026
Holdings before reverse split
531,838 shares
Jia Yueting’s reported Class A holdings before the 1-for-150 reverse stock split
Holdings after reverse split
3,546 shares
Jia Yueting’s reported Class A holdings after the 1-for-150 reverse stock split
Key Terms
Restricted Stock Units, reverse stock split, weighted average price
3 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represented a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
reverse stock split financial
"the issuer effected a one-for-one hundred fifty reverse stock split of all issued"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
FAQ
What insider transactions did FFAI Global CEO Jia Yueting report in this Form 4?
Jia Yueting reported 21,842 RSUs vesting and settling into 21,842 Class A shares on August 24, 2026, and a sale of 8,262 Class A shares on August 25, 2026. The sale was reported at a weighted average price of $2.79 per share.
How many Faraday Future (FFAI) RSUs vested for Jia Yueting and into what did they convert?
On August 24, 2026, 21,842 Restricted Stock Units held by Jia Yueting vested in full and automatically settled into 21,842 shares of Class A common stock. The RSUs had no exercise or conversion price and required no consideration upon settlement.
What reverse stock split affecting FFAI is referenced in this Form 4?
The Form 4 notes that after the close of market on July 23, 2026, the issuer effected a 1-for-150 reverse stock split of all issued and outstanding Class A common stock, reducing Jia Yueting’s reported holdings from 531,838 shares to 3,546 shares.
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