Faraday Future (FFAI) director sells shares to cover taxes
Rhea-AI Filing Summary
FARADAY FUTURE INTELLIGENT ELECTRIC INC. (FFAI) director Xiao Jiang reported equity compensation activity and a related tax sale. On August 24, 2026, 5,825 Restricted Stock Units fully vested and automatically settled into 5,825 shares of Class A common stock for no consideration, leaving no RSUs outstanding from this grant. On August 25, 2026, 2,529 shares of Class A common stock were sold at a weighted average price of $2.79 per share (in multiple trades between $2.66 and $3.10) to satisfy employee tax withholding obligations, with cash proceeds remitted to the company for those taxes.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
Jiang Xiao
Role
Director
Sold
2,529 shs ($7K)
Approx. gross sale proceeds
$7K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F2, F3 | 2,529 | $2.79 | $7K |
| Exercise | Restricted Stock Units F1 | 5,825 | -- | -- |
| Exercise | Class A Common Stock F1 | 5,825 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Class A Common Stock — 3,296 shares (Direct)
Footnotes (3)
- 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. Represents 2,529 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.
- F3. 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: 2,529 shares of Class A Common Stock
Weighted average sale price: $2.79 per share
Sale price range: $2.66 to $3.10 per share
+3 more
6 metrics
Shares sold
2,529 shares of Class A Common Stock
Sold on August 25, 2026 to satisfy tax withholding obligations
Weighted average sale price
$2.79 per share
Weighted average for 2,529 shares sold on August 25, 2026
Sale price range
$2.66 to $3.10 per share
Price range of multiple sale transactions on August 25, 2026
RSUs vested and settled
5,825 Restricted Stock Units
RSUs vested in full and settled into 5,825 Class A shares on August 24, 2026
Underlying shares from RSUs
5,825 shares of Class A Common Stock
Shares received upon automatic settlement of RSUs for no consideration
RSU holdings after transaction
0.0000 RSUs
Total RSUs from this grant following settlement on August 24, 2026
Key Terms
Restricted Stock Units, weighted average price, tax withholding obligations
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.
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.
tax withholding obligations financial
"to satisfy applicable employee tax withholding obligations."
FAQ
What insider transactions did FFAI director Xiao Jiang report?
Xiao Jiang reported the vesting and settlement of 5,825 RSUs into 5,825 FFAI Class A shares on August 24, 2026, and the sale of 2,529 shares on August 25, 2026 to cover tax withholding obligations related to that vesting.
What happened to Xiao Jiang’s Restricted Stock Units in Faraday Future (FFAI)?
Each RSU represented a right to receive one FFAI Class A share. On August 24, 2026, 5,825 RSUs vested in full and automatically settled into 5,825 shares for no consideration, and the RSU position from this grant was reduced to 0.
Were Xiao Jiang’s FFAI transactions under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox as not affirmed (false), and the footnotes describe the sale as being to satisfy tax withholding obligations, rather than stating it was executed under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.