FARADAY FUTURE INTELLIGENT ELECTRIC INC. — Director's Dealing 2020

Jul 22, 2020

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Property Solutions Acquisition Corp. (PSACU)
CIK: 0001805521
Period of Report: 2020-07-21

Reporting Person: Property Solutions Acquisition Sponsor, LLC (10% Owner)
Reporting Person: Vogel Jordan (Director, Co-Chief Executive Officer, 10% Owner)
Reporting Person: Feldman William Aaron (Director, Co-Chief Executive Officer, 10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6185000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Warrant	$		Common Stock (435000)		Indirect

Footnotes

F1: Includes securities underlying 435,000 units which, prior to the effective date of the registration statement relating to the Issuer's initial public offering, Property Solutions Acquisition Sponsor, LLC (the "Sponsor") irrevocably committed to purchase. Each unit consists of one share of common stock and one warrant entitling the holder to purchase one share of common stock. The purchase of these units is being made on a private placement basis and will be consummated simultaneously with the consummation of the Issuer's initial public offering. Does not include securities underlying up to 48,785 additional units which the Sponsor irrevocably committed to purchase in the event the underwriters in the Issuer's initial public offering exercise their overallotment option in full.

F2: Includes up to 750,000 shares of common stock that may be forfeited if the underwriters in the Issuer's initial public offering do not exercise the overallotment option in full.

F3: The shares and warrants underlying the units are owned directly by the Sponsor, of which Jordan Vogel and Aaron Feldman are managing members. Messrs. Vogel and Feldman disclaim beneficial ownership of the securities held by the Sponsor except to the extent of their pecuniary interests therein.

F4: Each warrant will become exercisable on the later of 30 days after the completion of the Issuer's initial business combination or July ___, 2021.

F5: Each warrant will expire five years after the completion of the Issuer's initial business combination.

F6: Each warrant entitles the holder to purchase one share of common stock at a price of $11.50 per share, subject to adjustment in the event of certain capital-raising or reorganization transactions.