FF: A new round of executive stock purchases officially takes effect
Faraday Future announced that several of its executives have signed the 10b5-1 executive stock purchase plan, marking the official entry into force of a new round of executive stock purchases. According to the compliance regulations of the U.S. Securities and Exchange Commission, the plan will have a cooling-off period of 45 or 90 days. After the cooling-off period, the broker will automatically execute the stock purchase at a specific time and amount according to the preset plan. Participants in this increase include FF CFO, FX CEO, and Dr. Gu Lei, director of FF Global EV R&D Institute.