Sec Form 4 Filing - Property Solutions Acquisition Sponsor, LLC @ FARADAY FUTURE INTELLIGENT ELECTRIC INC. - 2021-07-21

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Property Solutions Acquisition Sponsor, LLC
2. Issuer Name and Ticker or Trading Symbol
FARADAY FUTURE INTELLIGENT ELECTRIC INC. [ FFIE]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O PROPERTY SOLUTIONS ACQU SPONSOR, LLC, 654 MADISON AVENUE, SUITE 1009
3. Date of Earliest Transaction (MM/DD/YY)
07/21/2021
(Street)
NEW YORK, NY10065
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock ( 1 ) 07/21/2021 D 1,697,500 D 4,530,312 D ( 2 )
Class A Common Stock ( 1 ) 07/21/2021 A 80,000 A 4,610,312 D ( 2 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Warrants $ 11.5 07/21/2021 A 80,000 08/20/2021 07/21/2026 Class A Common Stock 80,000 ( 4 ) 563,420 D ( 2 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Property Solutions Acquisition Sponsor, LLC
C/O PROPERTY SOLUTIONS ACQU SPONSOR, LLC
654 MADISON AVENUE, SUITE 1009
NEW YORK, NY10065
X
Feldman William Aaron
C/O PROPERTY SOLUTIONS ACQU SPONSOR, LLC
654 MADISON AVENUE, SUITE 1009
NEW YORK, NY10065
X
Signatures
Property Solutions Acquisition Sponsor, LLC By: Jordan Vogel, Managing Member 07/23/2021
Signature of Reporting Person Date
/s/ W. Aaron Feldman 07/23/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )In connection with the completion of the Issuer's initial business combination, the common stock of Property Solutions Acquisition Corp. was automatically converted into class A common stock of Faraday Future Intelligent Electric Inc. on a one-for-one basis.
( 2 )The shares and warrants are owned directly by Property Solutions Acquisition Sponsor, LLC ("Sponsor"), of which Aaron William Feldman is a managing member. Mr. Feldman disclaims beneficial ownership of the securities held by the Sponsor except to the extent of his pecuniary interests therein.
( 3 )In connection with the completion of the Issuer's initial business combination, 1,697,500 shares of common stock were forfeited by Sponsor for no consideration.
( 4 )80,000 shares and 80,000 warrants were issued to the Sponsor in connection with the conversion of a note payable into such securities for no additional consideration.

Remarks:
Note: Jordan Vogel, a director of the issuer who previously reported jointly with the reporting persons, is separately filing a Form 4 to report these transactions.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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