Faraday Future's Co-CEO, YT Jia, makes another stock purchase under the 10b5-1 plan, indicating a strong belief in the company's long-term tactic.
Faraday Future Announces Key Proposals at Upcoming Stockholders Meeting
Faraday Future, a California-based global shared intelligent electric mobility ecosystem company, has announced a Special Meeting of Stockholders on September 19, 2025. The meeting aims to seek approval for proposals aimed at supporting the company's strategic initiatives and long-term growth.
One of the key proposals includes an increase in authorized shares, with the Company seeking approval to add 9,500,000 shares of common stock to the equity incentive reserve. This move would represent nearly 7% of the Company's current total authorized shares, or nearly 5% if the proposed share increase authorization is approved.
The proposed increase is part of the Company's Amended and Restated 2021 Stock Incentive Plan, which currently represents about 1.5% of the Company's outstanding common stock. This is significantly below industry levels, indicating the Company's commitment to offering long-term equity incentives as a competitive alternative to cash compensation.
YT Jia, the Founder and Global Co-CEO of Faraday Future, has shown his confidence in the company's long-term strategy by reinvesting his signing bonus into FF. His recent purchase of FF common stock, approximately $560,000 worth, is a part of his previously adopted Rule 10b5-1 trading plan. This is his second purchase, with more purchases scheduled for next week.
In addition, YT Jia has announced he will invest the remaining shares planned for acquisition of Faraday Future through a fund associated with the BUUU Group Limited. This fund, which recently raised $6 million in a Nasdaq IPO on August 14, 2025, will be used for expansion and strategic initiatives related to the company.
The Company's flagship model, the FF91, embodies its vision for luxury, innovation, and performance. A new strategy, FX, aims to introduce mass production models with state-of-the-art luxury technology similar to the FF 91, targeting a broader market with middle-to-low price range offerings.
For more information about Faraday Future, visit their website at https://www.ff.com/us/. Media inquiries can be directed to John Schilling at [email protected]. For investor contacts, English inquiries can be made at [email protected], and Chinese inquiries at [email protected].
The Company urges all stockholders to vote FOR all proposals at the Special Meeting of Stockholders. This includes the approval of the issuance of Common Stock to holders of certain convertible notes and warrants, and the amendment to the company's Amended and Restated 2021 Stock Incentive Plan. The 2021 Plan amendment proposal would enable the Company to continue offering long-term equity incentives as a competitive alternative to cash compensation.
With these strategic initiatives in place, Faraday Future is poised for continued growth and innovation in the electric mobility sector.
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