Faraday Future announces executive share purchase initiative

Faraday Future (FFAI) Intelligent Electric announced a new initiative under which executives and other employees will increase their ownership in the company through a structured share acquisition program in exchange for deferring part of their salaries. This initiative is designed to align management and employee interests more closely with stockholders and reinforce commitment to the company’s strategic execution during the current market environment. As part of this program, certain executives and employees will defer a portion of their base compensation for a three-month period from March 1, 2026, through May 31, 2026. The deferred amounts are intended to be used as a reference for the company to repurchase shares of its common stock. Subject to Board approval, compliance with applicable securities laws and the company’s trading policies, FF intends to repurchase shares in an amount approximately equal to the total estimated after-tax deferred compensation for the period, estimated to be approximately $500,000 after tax. These shares are expected to be subsequently transferred to participating executives and other employees, increasing their equity ownership in the company.