Form 4: SES AI Corp CEO Hu Qichao Disposes of Shares to Cover Tax Obligations

CEO Hu Qichao disposed of 91,937 shares of SES AI Corp Class A Common Stock to cover withholding tax obligations related to vesting restricted stock units.

Summary

• On April 15, 2024, Hu Qichao, CEO and Chairman of SES AI Corp, disposed of 91,937 shares of Class A Common Stock.
• The transaction was executed to cover the reporting person's withholding tax obligations in connection with the vesting of restricted stock units (RSUs).
• The shares were withheld at a price of $1.49 per share.
• Following the transaction, Hu Qichao beneficially owns 3,038,331 shares of Class A Common Stock, which includes 2,709,984 shares underlying RSUs that are subject to forfeiture until they vest.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction to cover tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like the CEO, trade their company's stock. This filing indicates a transaction related to tax obligations from vested stock units, which is a common occurrence.

Key Dates