Faraday Future Co-CEO Reports 83,775 Class A Share Purchases via 10b5-1
Rhea-AI Filing Summary
Insider purchase under 10b5-1 plan: Jia Yueting, Global Co-CEO of Faraday Future Intelligent Electric Inc., reported purchases of 83,775 shares of Class A common stock on 08/25/2025 at a weighted average price of $2.35 per share. The filing states the purchases were effected pursuant to a Rule 10b5-1 trading plan adopted May 23, 2025, authorizing purchases of up to $560,000 of Class A common stock and expiring August 25, 2026. Following the reported transaction, the reporting person beneficially owned 352,238 shares. The registrant is identified in the form as FARADAY FUTURE INTELLIGENT ELECTRIC INC. (ticker shown in form as FFAI).
Positive
- Purchase executed under a disclosed Rule 10b5-1 plan, providing documented trading plan details (adoption date, cap, expiration).
- Insider increased holdings by 83,775 Class A shares, bringing beneficial ownership to 352,238 shares.
- Weighted average price disclosed ($2.35), and the reporting person signed the Form 4, indicating formal compliance.
Negative
- None.
Insights
TL;DR: An officer purchased 83,775 Class A shares under a disclosed 10b5-1 plan, increasing reported beneficial ownership to 352,238 shares.
The Form 4 documents an insider purchase executed on 08/25/2025 under a pre-established Rule 10b5-1 plan adopted 05/23/2025 that allows up to $560,000 of Class A purchases and expires 08/25/2026. The filing reports a weighted average purchase price of $2.35 and specifies the reporting person is Global Co-CEO Jia Yueting. This is a routine disclosure of insider activity and provides transparency on timing and execution mechanics; no claims about intent or future transactions are made in the filing.
TL;DR: The filing shows compliance with Rule 10b5-1 through a documented trading plan and a signed Form 4 reporting the purchases.
The disclosure indicates the transaction was made pursuant to a written 10b5-1 plan, including the plan adoption date, dollar cap ($560,000), and expiration date, which supports an affirmative defense for trades executed under the plan. The Form 4 is signed by the reporting person and lists direct beneficial ownership after the purchase. The filing contains no amendments or other governance events.