4/A: SES AI Corp CFO Jing Nealis Amends SEC Filing to Correct Tax Withholding Error

Jing Nealis, CFO of SES AI Corp, files an amended SEC Form 4/A to correct an overstatement of shares withheld for tax obligations related to a restricted share award.

Summary

• Jing Nealis, the CFO of SES AI Corp, filed an amended Form 4/A with the SEC on April 17, 2024.
• The amendment corrects an error in the original filing from February 20, 2024, which overstated the number of shares withheld to cover tax obligations.
• On February 16, 2024, 11,025 shares of Class A Common Stock were withheld at a price of $1.44 to cover the CFO's withholding tax obligations related to the vesting of a restricted share award.
• The amended filing corrects an overstatement of 1,637 shares of Class A Common Stock withheld.
• Following the reported transaction, Nealis beneficially owns 2,097,028 shares of Class A Common Stock, including unvested restricted stock units and shares under a restricted share award.

Sentiment

Score: 6

Explanation: The document is a routine correction of an administrative error in an SEC filing, which has a neutral sentiment. The correction itself is slightly negative, but the overall impact is minimal.

Negatives

• The need for an amendment indicates an initial error in reporting the number of shares withheld for tax obligations.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The correction of the filing ensures accurate information is available to shareholders and the public.

Key Dates