Form 4: SES AI Corp CEO Qichao Hu Reports Tax-Related Stock Transaction
SEC Form 4 Filing
CEO Qichao Hu of SES AI Corp reports the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On April 18, 2024, Qichao Hu, CEO and Chairman of SES AI Corp, had 62,103 Class A Common Stock shares withheld to cover withholding tax obligations related to the vesting of restricted stock units (RSUs).
- The shares were withheld at a price of $1.34.
- Following the transaction, Hu beneficially owns 2,976,228 shares of Class A Common Stock, which includes 2,523,766 shares underlying RSUs that are subject to forfeiture until they vest.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a tax-related stock transaction, which has a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in stock transactions by company insiders, allowing investors to stay informed about potential changes in ownership and management's stake in the company.
Key Dates
| Date | Description |
|---|---|
| 04/18/2024 | Date of the stock transaction (tax withholding). |
| 04/22/2024 | Date of signature on the Form 4 filing. |
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