Mullen Automotive Inc (MULN)

[Wayne R]

Well I found the answer by myself from SEC filings.

1. Shares approved for issuance pursuant to a Performance Stock Award Agreement dated May 5, 2022. No shares have been issued as of the date hereof.
2. Shares approved for issuance pursuant to a Performance Stock Award Agreement dated June 8, 2023. No shares have been issued as of the date hereof.
3. Shares granted pursuant to Issuer's 2022 Equity Incentive Plan. No shares have been issued as of the date hereof.

Looks like he waits to issue them AFTER reverse splits