Faraday Future (FFAI) chair sells shares to cover tax
Rhea-AI Filing Summary
FARADAY FUTURE INTELLIGENT ELECTRIC INC. (FFAI) reported insider equity activity by Executive Chairman Wang Jiawei. On August 24, 2026, 13,105 Restricted Stock Units automatically settled into an equal number of Class A common shares for no consideration, then 4,957 shares were sold in market transactions to satisfy tax withholding obligations, with cash proceeds remitted to the company. The sale was executed at a weighted average price of $2.79 per share, across individual trades ranging from $2.66 to $3.10. A prior 1-for-150 reverse stock split on July 23, 2026 had reduced Wang’s issued and outstanding Class A holdings from 10,563 shares to 71 shares, providing context for the reported post-split ownership levels.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
Wang Jiawei
Role
Executive Chairman
Sold
4,957 shs ($14K)
Approx. gross sale proceeds
$14K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F3, F4, F2 | 4,957 | $2.79 | $14K |
| Exercise | Restricted Stock Units F1 | 13,105 | -- | -- |
| Exercise | Class A Common Stock F1, F2 | 13,105 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Class A Common Stock — 8,219 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 10,563 shares to 71 shares
- F3. Represents 4,957 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: 4,957 shares of Class A Common Stock
Weighted average sale price: $2.79 per share
Sale price range: $2.66 to $3.10 per share
+5 more
8 metrics
Shares sold
4,957 shares of Class A Common Stock
Sold on August 25, 2026 in connection with RSU vesting to cover tax withholding
Weighted average sale price
$2.79 per share
Weighted average price for 4,957 shares sold in multiple transactions
Sale price range
$2.66 to $3.10 per share
Price range of individual trades for the 4,957 shares sold
RSUs settled
13,105 Restricted Stock Units
RSUs settled into 13,105 shares of Class A common stock on August 24, 2026
Reverse stock split ratio
1-for-150
Reverse stock split of Class A common stock after market close on July 23, 2026
Pre-split holdings
10,563 shares
Wang Jiawei’s issued and outstanding Class A holdings before 1-for-150 reverse split
Post-split holdings
71 shares
Wang Jiawei’s issued and outstanding Class A holdings after 1-for-150 reverse split
RSU grant date
August 17, 2026
Grant date of the 13,105 Restricted Stock Units
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"
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"
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 Executive Chairman Wang Jiawei report on this Form 4?
Wang Jiawei reported settlement of 13,105 RSUs into Class A common stock on August 24, 2026 and the sale of 4,957 shares in connection with that settlement to cover applicable employee tax withholding obligations.
What were the terms of the 13,105 FFAI Restricted Stock Units held by Wang Jiawei?
Each RSU represented a contingent right to receive one share of Class A common stock, had no exercise or conversion price, and was not exercisable. They were granted August 17, 2026 and vested in full and automatically settled on August 24, 2026 for no consideration.
What reverse stock split affecting FFAI is referenced in this Form 4?
After the close of market on July 23, 2026, the company effected a 1-for-150 reverse stock split of its Class A common stock. This reduced Wang Jiawei’s issued and outstanding Class A holdings from 10,563 shares to 71 shares.
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