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Faraday Future Intelligent Electric Inc. director and Co-Global CEO Matthias Aydt reported a small personal investment in the company’s preferred equity. He purchased 1 share of Series A Preferred Stock with a par value of $0.0001 per share for cash consideration of $100.
This Series A Preferred Stock carries specific rights, preferences and restrictions described in the company’s Certificate of Designation filed in Delaware. After this open-market style transaction from the issuer, Aydt directly owns 1 share of this preferred security, with no related derivative positions reported in this filing.
Faraday Future Intelligent Electric Inc. created and sold one share of a new Series A Preferred Stock for $100 to Matthias Aydt to influence upcoming shareholder votes on capital structure changes.
This single preferred share carries 10,000,000,000 votes but can vote only on two proposals: increasing authorized common shares and approving a reverse stock split. Its votes must mirror the proportions of votes actually cast by common shareholders, and it cannot be voted unless at least one-third of outstanding common shares are represented at the meeting.
The Series A Preferred pays no dividends, is not convertible and ranks ahead of common stock for $100 in liquidation. It is non‑transferable before the votes without board consent and will be redeemed for $100 either when the board chooses or immediately after both proposals receive shareholder approval.
Faraday Future Intelligent Electric Inc. reported significant board and leadership changes. On April 14, 2026, executive director Matthias Aydt resigned from the Board for personal reasons and indicated he will resign as Global Co-Chief Executive Officer when the Board decides.
On April 16, 2026, directors Jie (Jay) Sheng and Chui Tin Mok also resigned from the Board, each without disagreements with the company; Mr. Mok continues as an executive officer and Head of FF Middle East, and Mr. Sheng may serve in an advisory role.
That same day, the Board appointed Jiawei (Jerry) Wang, Xiao (Lucky) Jiang, and Kevin Chen as new directors, with specific committee roles including Audit, Compensation, Nominating and Corporate Governance, and Finance and Investment Committees.
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.
Faraday Future Intelligent Electric Inc. director Chad Chen exercised restricted stock units into common stock. On April 15, 2026, he converted 50,000 RSUs and 97,059 RSUs, each at a conversion price of $0.00 per unit, into Class A Common Stock. These RSUs were granted on August 14, 2025 and December 31, 2025 and vested in full on April 15, 2026. Following these exercises, Chen directly holds 192,596 shares of Class A Common Stock, with no remaining RSU derivative position reported in this filing.