Director at Faraday Future (FFAI) converts 147,059 RSUs to stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Faraday Future Intelligent Electric Inc. director Lev Peker exercised restricted stock units into common stock. On April 15, 2026, he converted a total of 147,059 RSUs, granted in 2025, into an equal number of Class A Common shares at an exercise price of $0.00 per share.
Following these transactions, Peker directly holds 207,464 shares of Class A Common Stock. The filing reflects compensation-related equity vesting and conversion, with no open-market purchases or sales reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
147,059 shares exercised/converted
Mixed
4 txns
Insider
Peker Lev
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 50,000 | $0.00 | -- |
| Exercise | Restricted Stock Units | 97,059 | $0.00 | -- |
| Exercise | Class A Common Stock | 50,000 | $0.00 | -- |
| Exercise | Class A Common Stock | 97,059 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 97,059 shares (Direct);
Class A Common Stock — 110,405 shares (Direct)
Footnotes (1)
- Represents restricted stock units ("RSUs") granted to the reporting person on August 14, 2025 (the "Grant Date"). Each RSU represents the right to receive one share of Class A Common Stock of the Company. Represents restricted stock units ("RSUs") granted to the reporting person on December 31, 2025 (the "Grant Date"). Each RSU represents the right to receive one share of Class A Common Stock of the Company. These RSUs vested in full on April 15, 2025.
Key Figures
RSUs exercised: 147,059 units
First RSU block: 50,000 units
Second RSU block: 97,059 units
+2 more
5 metrics
RSUs exercised
147,059 units
Total RSUs converted to Class A Common Stock on April 15, 2026
First RSU block
50,000 units
Restricted Stock Units exercised into Class A Common Stock
Second RSU block
97,059 units
Restricted Stock Units exercised into Class A Common Stock
Post-transaction holdings
207,464 shares
Class A Common Stock directly owned after April 15, 2026 transactions
Exercise price
$0.00 per share
Conversion price for RSUs into Class A Common Stock
Key Terms
Restricted Stock Units, RSUs, Class A Common Stock, Exercise or conversion of derivative security
4 terms
Restricted Stock Units financial
"security_title: Restricted Stock Units"
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.
RSUs financial
"Represents restricted stock units ("RSUs") granted to the reporting person"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
Class A Common Stock financial
"underlying_security_title: Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
FAQ
What insider transaction did Lev Peker report at Faraday Future (FFAI)?
Lev Peker reported exercising restricted stock units into common shares. On April 15, 2026, he converted a total of 147,059 RSUs into Class A Common Stock at an exercise price of $0.00 per share as part of his equity compensation.
Were Lev Peker’s Faraday Future (FFAI) transactions open-market buys or sells?
The transactions were not open-market buys or sells. They were classified as option or RSU exercises (transaction code M), converting 147,059 restricted stock units into Class A Common Stock at $0.00 per share, reflecting compensation vesting rather than trading activity.
What do the RSU grants in Lev Peker’s Faraday Future (FFAI) filing represent?
The RSU grants represent equity awards given in 2025 that vest into common shares. Each restricted stock unit carries the right to receive one share of Class A Common Stock, and the filing shows these RSUs vesting and being converted into shares on April 15, 2026.
Does the Faraday Future (FFAI) Form 4 show any remaining RSUs for Lev Peker?
The derivative position summary is empty after these transactions, indicating no remaining RSUs reported in this filing. The 147,059 units exercised appear to fully convert his reported RSU awards into Class A Common Stock under the disclosed grants.