Form 4: SES AI Corp CFO Jing Nealis Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Jing Nealis, CFO of SES AI Corp, disposed of 11,025 shares of Class A Common Stock to cover tax obligations related to vesting restricted shares.
Summary
- Jing Nealis, the Chief Financial Officer of SES AI Corp, disposed of 11,025 shares of Class A Common Stock on December 16, 2024.
- The shares were disposed of at a price of $0.4118 per share.
- This transaction was to cover the CFO's withholding tax obligations related to the vesting of a restricted share award.
- The shares were not sold by the CFO, but rather withheld by the company.
- Following the transaction, Nealis beneficially owns 1,935,322 shares of Class A Common Stock, which includes unvested restricted stock units.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, which is neither positive nor negative for the company's overall performance. The sentiment is neutral to slightly positive as it indicates the vesting of shares, which is part of the compensation package.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.
Comparison to Industry Standards
- The vesting of restricted stock units and subsequent tax-related share disposals are standard practices in executive compensation across various industries.
- Many companies use similar mechanisms to align executive interests with shareholder value and manage tax liabilities.
- The specific vesting schedule and tax withholding practices are typical for companies with equity-based compensation plans.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine tax-related share disposal.
- The transaction does not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 2021-08-16 | Date of the restricted share award grant, which vests over time. |
| 2024-12-16 | Date of the share disposal transaction by Jing Nealis. |
| 2024-12-18 | Date the SEC Form 4 was signed. |
Keywords
SES AI Corp, Jing Nealis, CFO, Class A Common Stock, Share Disposal, Tax Obligations, Restricted Stock Units, Beneficial Ownership, SEC Form 4
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