Faraday Future Founder and Co-CEO YT Jia Makes Second Stock Purchase Under 10b5-1 Plan, Underscoring Confidence in the Company’s Long-Term Strategy

Core Viewpoint - Faraday Future Intelligent Electric Inc. is actively encouraging stockholders to vote in favor of proposals at the upcoming Special Meeting on September 19, 2025, which are aimed at supporting the company's strategic initiatives and long-term growth [1][3]. Group 1: Stock Purchase and Leadership Confidence - YT Jia, the Founder and Global Co-CEO of Faraday Future, purchased approximately $180,000 of FF common stock on September 2, 2025, marking his second purchase under a Rule 10b5-1 trading plan [1][2]. - Mr. Jia intends to invest a total of approximately $560,000 in FF common stock, which represents the after-tax portion of his $1.2 million signing bonus [2]. - Mr. Jia expressed that his decision to reinvest his signing bonus into FF demonstrates his confidence in the company's long-term strategy and commitment to stockholder value [3]. Group 2: Special Meeting Proposals - The Special Meeting of Stockholders will address several key proposals, including an increase in authorized shares, a name change for the company, and the approval of common stock issuance to holders of certain convertible notes and warrants [3]. - A significant proposal is the amendment to the 2021 Stock Incentive Plan, which aims to enhance the company's ability to offer long-term equity incentives as a competitive alternative to cash compensation [4]. - Currently, the authorized shares under the 2021 Plan represent only about 1.5% of the company's outstanding common stock, and the company seeks approval to add 9,500,000 shares to the equity incentive reserve, which would increase the total reserved shares to nearly 7% of the company's current total authorized shares if approved [5]. Group 3: Company Overview - Faraday Future is a California-based company focused on creating a global shared intelligent electric mobility ecosystem, aiming to disrupt the automotive industry with a user-centric and technology-first approach [6]. - The company's flagship model, the FF91, represents its vision for luxury, innovation, and performance, while the new FX strategy targets mass production models with advanced luxury technology at a more accessible price point [6].