Core Viewpoint - Faraday Future's leadership, including Founder YT Jia and Global President Jerry Wang, has made significant stock purchases, reflecting their confidence in the company's long-term vision and commitment to stockholders [5][9]. Stock Purchases - YT Jia purchased approximately $200,000 worth of FF common stock, while Jerry Wang purchased about $25,000 worth, both including commission fees [2]. - YT Jia plans to purchase a total of $560,000 worth of shares, representing the after-tax portion of his $1.2 million signing bonus [3]. - Jerry Wang intends to purchase a total of $50,000 worth of shares [3]. - Additional share purchases are planned by other members of FF's leadership team under their 10b5-1 plans initiated on June 13, 2025 [4]. Company Overview - Faraday Future is a California-based company focused on creating a shared intelligent electric mobility ecosystem, aiming to disrupt the automotive industry with a user-centric and technology-first approach [6]. - The flagship model, FF 91, represents the company's vision for luxury and innovation, while the FX strategy targets mass production models with advanced technology at a more accessible price point [6]. Strategic Initiatives - The company recently launched the "EAI + Crypto" Dual-Flywheel & Dual-Bridge Ecosystem Strategy, which includes the introduction of the "C10 Treasury" and the "C10 Index" [9].
Faraday Future Founder and Co-CEO YT Jia and Global President Jerry Wang Execute Stock Purchases Under 10b5-1 Plans, Highlighting “Stockholder First” Commitment
Globenewswire·2025-08-26 20:45