Faraday Future CEO Aydt Matthias Sells 1 Share at $100 on 2025-03-07

FARADAY FUTURE INTELLIGENT ELECTRIC INC.[FFAI] announced that Director and Global Chief Executive Officer, Aydt Matthias, has sold 1 share at a price of $100 per share on March 7, 2025.

Faraday Future Intelligent Electric Inc. (FFAI) experienced a significant event on March 7, 2025, as Director and Global Chief Executive Officer, Aydt Matthias, sold one share at a price of $100 [1]. This sale occurred during a pivotal time for the company, as it prepares for several strategic shifts and makes progress in various projects.

According to a press release, Faraday Future successfully held a special stockholders meeting on March 7, where all proposals were approved, including the increase of authorized shares [2]. This authorization will enable the company to issue additional common shares, supporting its future financing needs and strategic initiatives. The stock symbol for FFAI will be updated on March 10, 2025.

The company's focus on enhancing its product offerings and expanding its market reach is evident in its ongoing projects. For instance, the first two disguised prototype test vehicles of the FX 6 model have begun their journey from Shanghai to the United States, expected to arrive in mid-March [2]. Furthermore, the FF 91 2.0 Futurist Alliance production and deliveries are being prioritized under Matthias Aydt's leadership [3].

Aydt, who joined Faraday Future in 2016, has an extensive background in the automotive industry. He has held key roles in product execution, product definition, mobility ecosystems, and business development. Prior to joining FFAI, Aydt gained significant experience in project management and vehicle engineering at various automotive companies and OEM suppliers [3].

In summary, Aydt Matthias' share sale on March 7, 2025, occurred amidst Faraday Future's strategic shifts and progress in its various projects. The company's authorization to increase its authorized shares will support its future financing needs and initiatives.

[1] https://app-cn.faradayfuturecn.com/ff-v3/news/1321?lang=zh-CN
[2] https://xueqiu.com/3255541677/326636630
[3] https://www.electrive.com/2023/09/25/faraday-future-appoints-matthias-aydt-as-global-chief-executive-officer/