Faraday Future Founder and Co-CEO, YT Jia, and FF Global President Jerry Wang Enter Into 10b5-1 Stock Purchase Plans

  • These plans underscore YT Jiaโ€™s and Jerry Wangโ€™s personal commitments to the Companyโ€™s future and aligns their interests directly with those of stockholders.

Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (โ€œFaraday Futureโ€, โ€œFFโ€ or the โ€œCompanyโ€), a California-based global shared intelligent electric mobility ecosystem company, today announced that FF Founder and Co-CEO YT Jia and FF Global President Jerry Wang have entered into 10b5-1 executive stock purchase plans. Under SEC compliance rules, there will be a 90-day cooling-off period, after which our broker will automatically execute the stock purchases at times and in amounts in accordance with the plans.

YT Jia plans to purchase a total of $560,000 worth of shares of FF common stock (including commission fee), representing the after-tax portion of his $1.2 million signing bonus in connection with his recent appointment as Co-CEO. Jerry Wang plans to purchase a total of $50,000 worth of shares of FF common stock (including commission fee). The 10b5-1 plans were officially initiated on May 23, 2025. The first trade window is scheduled to open on or around August 25, 2025, following the aforementioned 90-day cooling-off period.

In an effort to further demonstrate long-term confidence and commitment with stockholders, the executives have made non-binding commitments not to terminate or amend the 10b5-1 plans once effective.

โ€œThese planned stock purchases reflect our continued confidence in FFโ€™s long-term vision and commitment to our mission,โ€ said YT.

โ€œWe are taking a proactive step to align our personal interests with those of our stockholders and reinforce our dedication to the Companyโ€™s future,โ€ said Jerry.

ABOUT FARADAY FUTURE

Faraday Future is a California-based global shared intelligent electric mobility ecosystem company. Founded in 2014, the Companyโ€™s mission is to disrupt the automotive industry by creating a user-centric, technology-first, and smart driving experience. Faraday Futureโ€™s flagship model, the FF91, exemplifies its vision for luxury, innovation, and performance. The FX strategy aims to introduce mass production models equipped with state-of-the-art luxury technology similar to the FF 91, targeting a broader market with middle-to-low price range offerings. FF is committed to redefining mobility through AI innovation. Join us in shaping the future of intelligent transportation. For more information, please visit https://www.ff.com/us/.

FORWARD LOOKING STATEMENTS

This press release includes โ€œforward looking statementsโ€ within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words โ€œplan to,โ€ โ€œcan,โ€ โ€œwill,โ€ โ€œshould,โ€ โ€œfuture,โ€ โ€œpotential,โ€ and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding 10b5-1 purchase plans, are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Companyโ€™s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include, among others: each executiveโ€™s ability to cancel or amend his 10b5-1 purchase plan; potential volume limitations under Rule 144 or Rule 145 of the Securities Act of 1933, as amended, or Regulation M; the possible suspension of purchases due to a trading suspension, legal, regulatory or contractual restrictions; or a subsequent determination that a 10b5-1 plan does not comply with Rule 10b5-1 or other applicable securities laws. You should carefully consider the foregoing factors and the other risks and uncertainties described in the โ€œRisk Factorsโ€ section of the Companyโ€™s Form 10-K filed with the SEC on March 31, 2025, and other documents filed by the Company from time to time with the SEC.

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