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Faraday Future has announced the execution of a 10b5-1 stock purchase plan by several of its executives, marking the official start of a fresh round of stock increase. This plan adheres to the regulations set forth by the U.S. Securities and Exchange Commission, incorporating a mandatory cooling-off period of 45 to 90 days. Upon the conclusion of this period, the broker will proceed to execute the stock purchases as per the predefined schedule. Among the participants are the CFO of FF, the CEO of FX, and Dr. Lei Gu, Dean of the Global EV R&D Institute, who collectively will invest $60,000 in the company's common stock (inclusive of fees). This move underscores their unwavering confidence in the future growth and prospects of Faraday Future.
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