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.
Faraday Future Intelligent Electric Inc. reported full year 2025 revenue of $536,000 with a net loss of $397.1 million, reflecting extremely early-stage commercialization and heavy costs. Results were hit by a $137.4 million impairment of long‑lived assets and deposits and a $4.45 million goodwill impairment tied to shifting from the FF 91 program toward the planned FF 92 upgrade and FX Super One production.
Excluding one-time impairments and losses, operating loss was $185 million, showing ongoing but reduced cash operating drag. Stockholders’ equity turned modestly positive at $7.8 million at year-end, helped by liability revaluations and financing inflows, after a prior-year equity balance of $115.0 million. Cash and cash equivalents plus restricted cash increased to $35.0 million, driven by $161.4 million of net cash provided by financing activities that more than offset $107.6 million of operating cash outflows.
The company highlighted its transition from a pure EV strategy to a broader Embodied AI ecosystem built around EAI vehicles and EAI robotics. It began deliveries of EAI robots in early 2026, with the first month of robotics revenue generating a positive product gross margin, and reached pre‑production milestones for the FX Super One AI‑MPV. Management also noted the successful conclusion of an SEC investigation with no action and reiterated substantial risks around liquidity, Nasdaq listing compliance, reliance on external funding, competition in EV and robotics, and its history of large losses.
Faraday Future Intelligent Electric Inc. is a Delaware holding company focused on intelligent, connected electric vehicles built on its AIEV platform. It designs and engineers ultra‑luxury FF‑branded models like the FF 91 and mass‑market FX models, including the FX Super One MPV.
The company operates primarily in the U.S., China, and the U.A.E., with manufacturing centered at its 1.1 million square foot FF aiFactory California facility and planned assembly in Ras Al Khaimah. It also consolidates majority‑owned AIxCrypto Holdings, which develops embodied AI and blockchain infrastructure and holds a legacy oncology asset.
Faraday Future emphasizes proprietary technology such as its Variable Platform Architecture, FF aiHyper 6x4 Architecture 2.0, I.A.I. computing ecosystem, and FF Echelon Inverter, supported by about 656 patents. As of December 31, 2025, it employed approximately 288 people globally and uses an asset‑light, partner‑driven sales and service model with user "co‑creation" at the center of its brand strategy.
Faraday Future Intelligent Electric Inc. received a Nasdaq notice on March 20, 2026 that its Class A common stock failed to meet the required $1.00 minimum bid price for 30 consecutive trading days from February 5 through March 19, 2026.
The company has 180 calendar days, until September 16, 2026, to regain compliance by having a closing bid price at or above $1.00 for at least 10 consecutive trading days. During this period, the shares remain listed on the Nasdaq Capital Market.
Nasdaq rules also provide that if the stock’s closing bid is $0.10 or less for 10 straight trading days, staff will issue an immediate delisting determination. Faraday Future may seek a second 180‑day compliance period and could use measures such as a reverse stock split, and it would have the right to appeal any delisting decision to a Nasdaq panel.
Faraday Future Intelligent Electric Inc. reported a new executive and employee share purchase initiative tied to deferred compensation. From March 1 through May 31, 2026, certain executives and employees will defer part of their base salaries, and the Company intends to repurchase Class A common stock using an amount approximately equal to the estimated after‑tax deferred compensation of about $500,000, subject to Board approval and trading restrictions. The shares repurchased are expected to be transferred to participating executives and employees, increasing their equity ownership and linking compensation more closely to the Company’s long-term performance.