Wang Jiawei reports 10,560-share purchase under 10b5-1 plan
Rhea-AI Filing Summary
Insider purchase under a Rule 10b5-1 plan. Wang Jiawei, Global President of Faraday Future Intelligent Electric Inc., reported purchases of 10,560 shares of Class A common stock on 08/25/2025 at a weighted average price of $2.3289 per share. Following the transaction, the reporting person beneficially owned 10,563 shares.
The filing states the trades were made pursuant to a 10b5-1 plan adopted May 27, 2025, authorizing purchases of up to $50,000 of Class A common stock and expiring August 22, 2026. The report discloses the purchase prices ranged from $2.3284 to $2.3380 and that detailed per-price quantities are available on request.
Positive
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Negative
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Insights
TL;DR: Officer purchased a small block of shares via a pre-set trading plan; transaction size appears immaterial to valuation.
The reported acquisition of 10,560 Class A shares at an average of $2.3289 is disclosed as executed under a Rule 10b5-1 plan. The planned purchase cap of $50,000 and the disclosed price range imply this is a modest, systematic buy rather than an opportunistic or material stake increase. No derivative transactions or dispositions are reported. From a market-impact perspective, the filing does not indicate a material change to ownership or control.
TL;DR: Filing shows adherence to Rule 10b5-1 procedures with standard disclosures; no compliance issues apparent.
The form identifies the purchase as executed under a documented trading plan dated May 27, 2025, with an expiration of August 22, 2026, and includes a signed certification. The filing discloses the weighted average price and the range of execution prices and offers to provide per-price breakdowns on request, aligning with transparency expectations for Section 16 reporting. There are no amendments or flags in the submission.