Faraday Future director sells 2,529 shares at $2.79
FARADAY FUTURE INTELLIGENT ELECTRIC INC.
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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.
Insider Trade Summary
| 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 |
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
Key Terms
Restricted Stock Units financial
weighted average price financial
tax withholding obligations financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did FFAI director Xiao Jiang report?
What happened to Xiao Jiang’s Restricted Stock Units in Faraday Future (FFAI)?
Were Xiao Jiang’s FFAI transactions under a Rule 10b5-1 trading plan?
AI-generated analysis. How Rhea-AI works. Not financial advice.