On January 2, 2025, David Michery, CEO and President of Mullen Automotive, acquired a total of 1,202,863 shares of common stock at no cost. The transaction was completed through three separate grants: 1,000,000 shares, 2,286 shares, and 200,577 shares.Following these acquisitions, Michery's direct ownership in the company increased to 1,203,961 shares. The grants were made as part of a stock award or other acquisition program, potentially linked to executive compensation or incentive plans.This significant increase in the CEO's shareholding may be viewed as a positive sign of confidence in the company's future prospects. However, investors should note that the shares were acquired at no cost, which is typical for executive stock grants but differs from open market purchases.

On January 2, 2025, David Michery, CEO and President of Mullen Automotive, acquired a total of 1,202,863 shares of common stock at no cost. The transaction was completed through three separate grants: 1,000,000 shares, 2,286 shares, and 200,577 shares.Following these acquisitions, Michery's direct ownership in the company increased to 1,203,961 shares. The grants were made as part of a stock award or other acquisition program, potentially linked to executive compensation or incentive plans.This significant increase in the CEO's shareholding may be viewed as a positive sign of confidence in the company's future prospects. However, investors should note that the shares were acquired at no cost, which is typical for executive stock grants but differs from open market purchases.