• In the second half of July, the Company began implementing adjustments to management compensation by reducing short-term cash compensation and introducing equity incentives linked to the Company’s long-term value. The adjustments are intended to optimize cash resource allocation, support core business operations and strengthen the long-term alignment of interests among management, employees, the Company and its stockholders.
  • The Form 4 filings made on August 19 mark the first step in the disclosure process related to these management compensation adjustments. Based on information currently available to the Company, the relevant executives have not initiated discretionary open-market sales of FF shares for personal investment purposes. Future Form 4 filings may reflect shares withheld or sold solely to satisfy required tax withholding obligations arising upon the vesting or settlement of equity awards; such tax-driven transactions should not necessarily be interpreted as voluntary sales for personal investment purposes or as a change in the reporting person’s view of FF’s long-term value.