Faraday Future Announces Executive Share Purchase Initiative to Strengthen Long-Term Value, Act Against Potential Illegal Market Manipulation, and Further Align Interests with[...]

Faraday Future Announces Executive Share Purchase Initiative to Strengthen Long-Term Value, Act Against Potential Illegal Market Manipulation, and Further Align Interests with Stockholders

Los Angeles, CA (March 17, 2026) - Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) ("Faraday Future", "FF" or the "Company"), a California-based global Embodied AI (EAI) ecosystem company, today 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.

The Company believes this initiative sends a clear message that, in the face of capital markets volatility and potential illegal short selling and market manipulation, FF will not be distracted, but instead will respond in a proactive, prudent, and resolute manner to defend the Company's value, reinforce market confidence, and demonstrate its determination to prevail in the fight against potential illegal short selling and market manipulation while protecting the shared interests of stockholders and employees. The Company believes this structure represents a proactive and disciplined approach to capital management while enabling insiders to meaningfully increase their stake in FF.

Following such repurchase, the Company currently intends to settle the deferred compensation obligations by transferring the shares of the Company's common stock to participating executives and other employees, subject to the terms of applicable compensation arrangements.

"I believe this initiative demonstrates that the management and employees at FF are willing to support the Company's liquidity management and long-term strategic execution through concrete action, reflecting a strong commitment to standing with the Company during a challenging period," said YT Jia, FF Founder and Global Co-CEO. This initiative follows the Company's commitment to take action in response to recently identified potential illegal market manipulation and short selling.

The Company also seriously continues to progress with its preparation for a potential submission to the U.S. Securities and Exchange Commission regarding potential illegal market manipulation.

ABOUT FARADAY FUTURE

Faraday Future is a California-based global intelligent Company founded in 2014 and is dedicated to reshaping the future of mobility through vehicle electrification, intelligent technologies, and AI innovation. Its flagship vehicle, the FF 91, began deliveries in 2023 and reflects the brand's pursuit of ultra-luxury, cutting-edge technology, and high performance. FF's second brand, FX, targets the high-volume mainstream vehicle market. Its first model, Super One, is positioned as a first-class EAI-MPV, with deliveries planned to begin in 2026. FF recently announced its entry into the Embodied AI Robotics business with sales beginning this year, connecting its future strategy of bringing a new era of EAI vehicles and EAI robotics. For more information, please visit https://www.ff.com/