news

it house news on october 3,faraday future(faraday future) announced on october 2, local time, that global ceo matthias aydt and founder, chief product and user ecosystem officer jia yueting had increased their stock holdings in september.a total of 10,455 shares of class a common stock valued at $35,799(it house note: currently about 252,000 yuan):

• matthias purchased 5313 shares worth us$18,192 (currently approximately rmb 128,000)

• jia yuetingbought 5142 shares worth us$17,606 (currently approximately rmb 124,000)

the stock purchase was made pursuant to the previously disclosed salary deduction and stock purchase agreement.

both matthias aydt and jia yueting have previously informed the company that they plan to use the majority of their base salaries each (matthias's approximately 50% of his initial prorated base salary of $550,000) during the three-month period from september to november 2024. 64%, jia yueting purchased approximately 56% of his initial prorated base salary of us$612,000, all after-tax amounts) to purchase the company's class a common stock and execute it in accordance with the previously disclosed "salary deduction and stock purchase agreement".

the pair also have the option to extend their stock purchases during the open trading window. additionally, purchased shares may not be resold for 180 days.