- Faraday Future's (FFAI, Financial) executives YT Jia and Jerry Wang initiate stock purchase plans.
- The plans reflect a combined purchase of $610,000 worth of FF common stock.
- Stock acquisitions to commence after a 90-day cooling period, beginning August 25, 2025.
Faraday Future Intelligent Electric Inc. (FFAI), a leader in the intelligent electric mobility sector, announced that its Founder and Co-CEO YT Jia, along with FF Global President Jerry Wang, have established executive stock purchase plans under the SEC’s 10b5-1 rule. This strategic initiative signals their confidence in the company's future and fosters a deeper alignment with shareholder interests.
Under these plans, YT Jia intends to acquire $560,000 worth of FF common stock, correlating to the after-tax portion of his recent $1.2 million signing bonus. Meanwhile, Jerry Wang plans to invest $50,000 in company stock. These purchases are structured to occur automatically after a mandatory 90-day cooling-off period, with the first trade anticipated around August 25, 2025.
The initiation of these plans, dated May 23, 2025, marks a significant move by Faraday Future’s leadership to demonstrate their long-term commitment to the company’s mission and strategic objectives. Both executives have pledged not to revoke or amend these plans once they become effective, underscoring their dedication to aligning with stockholder interests.
With Faraday Future's commitment to revolutionizing the automotive industry through their innovative and technology-driven approach, particularly with their flagship model, the FF91, this move further emphasizes their proactive efforts in investor and company alignment.
