<SEC-DOCUMENT>0001140361-21-025491.txt : 20210723
<SEC-HEADER>0001140361-21-025491.hdr.sgml : 20210723
<ACCEPTANCE-DATETIME>20210723160553
ACCESSION NUMBER:		0001140361-21-025491
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20210721
FILED AS OF DATE:		20210723
DATE AS OF CHANGE:		20210723

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Rao Hong
		CENTRAL INDEX KEY:			0001872672

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39395
		FILM NUMBER:		211110947

	MAIL ADDRESS:	
		STREET 1:		18455 S. FIGUEROA STREET
		CITY:			GARDENA
		STATE:			CA
		ZIP:			90248

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FARADAY FUTURE INTELLIGENT ELECTRIC INC.
		CENTRAL INDEX KEY:			0001805521
		STANDARD INDUSTRIAL CLASSIFICATION:	MOTOR VEHICLES & PASSENGER CAR BODIES [3711]
		IRS NUMBER:				844720320
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		654 MADISON AVENUE, SUITE 1009
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10065
		BUSINESS PHONE:		646 502 9845

	MAIL ADDRESS:	
		STREET 1:		654 MADISON AVENUE, SUITE 1009
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10065

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Property Solutions Acquisition Corp.
		DATE OF NAME CHANGE:	20200304
</SEC-HEADER>
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<SEQUENCE>1
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    <footnotes>
        <footnote id="F1">Pursuant to the Agreement and Plan of Merger, dated January 27, 2021, as amended, by and among Property Solutions Acquisitions Corp. (&quot;PSAC&quot;), PSAC Merger Sub Ltd., and FF Intelligent Mobility Global Holdings Ltd. (&quot;FF&quot;) (the &quot;Merger Agreement&quot;), the merger pursuant to which closed on July 21, 2021 (&quot;Closing&quot;), (i) each outstanding share of FF common stock held by the reporting person converted into the right to receive shares of the Issuer's Class A common stock using an exchange ratio of 0.1413 (the &quot;Exchange Ratio&quot;), and (ii) each outstanding and unexercised option to purchase shares of FF common stock converted into an option to purchase shares of the Issuer's common stock, with necessary adjustments to reflect the Exchange Ratio but otherwise the same terms and conditions. On the Closing date, the closing price of the Issuer's common stock was $13.78. Following Closing, the Issuer will be renamed &quot;Faraday Future Intelligent Electric Inc.&quot;</footnote>
        <footnote id="F2">These stock options vested 25% on June 1, 2016, then in a series of 36 equal monthly installments thereafter.</footnote>
        <footnote id="F3">These stock options vested in a series of 48 equal monthly installments starting on June 1, 2016.</footnote>
        <footnote id="F4">These stock options vested in a series of 48 equal monthly installments starting on June 1, 2017.</footnote>
        <footnote id="F5">These stock options vest in a series of 48 equal monthly installments starting on June 1, 2018, subject to the reporting person's continued employment through the applicable vesting date.</footnote>
        <footnote id="F6">These stock options vest 25% on March 15, 2020, then in a series of 36 equal monthly installments thereafter, subject to the reporting person's continued employment through the applicable vesting date.</footnote>
        <footnote id="F7">These stock options vest 25% on March 16, 2021, then in a series of 36 equal monthly installments thereafter, subject to the reporting person's continued employment through the applicable vesting date.</footnote>
        <footnote id="F8">These stock options vest 25% on December 1, 2020, then in a series of 36 equal monthly installments thereafter, subject to the reporting person's continued employment through the applicable vesting date.</footnote>
        <footnote id="F9">These stock options vest 25% on December 1, 2021, then in a series of 36 equal monthly installments thereafter, subject to the reporting person's continued employment through the applicable vesting date.</footnote>
        <footnote id="F10">These stock options vest 25% on December 1, 2022, then in a series of 36 equal monthly installments thereafter, subject to the reporting person's continued employment through the applicable vesting date.</footnote>
        <footnote id="F11">These stock options vest in a series of 48 equal monthly installments starting on December 1, 2022, subject to the reporting person's continued employment through the applicable vesting date.</footnote>
        <footnote id="F12">Includes 12,048 shares of the Issuer's Class A common stock (the &quot;Earnout Shares&quot;) that the reporting person has the right to receive if the trading price of the Issuer's Class A common stock reaches certain thresholds (&quot;Price Thresholds&quot;). The reporting person's right to receive the Earnout Shares became fixed and irrevocable at Closing. Any Earnout Shares that have not vested by the fifth anniversary of the closing of the Issuer's initial public offering will be forfeited.</footnote>
        <footnote id="F13">The Earnout Shares subject to the Price Thresholds vest in in equal halves if the trading price of Common Stock is greater than or equal to $13.50 and $15.50, respectively, for any 20 trading days within any 30-trading day period.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Jarret Johnson, attorney-in-fact for Hong Rao</signatureName>
        <signatureDate>2021-07-23</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</SEC-DOCUMENT>
