Form 4: SES AI Corp CFO Jing Nealis Disposes of Shares to Cover Tax Obligations

Jing Nealis, CFO of SES AI Corp, disposed of 11,025 shares of Class A Common Stock to cover tax obligations related to a restricted share award vesting.

Summary

• Jing Nealis, the Chief Financial Officer of SES AI Corp, disposed of 11,025 shares of Class A Common Stock on November 18, 2024.
• The shares were disposed of at a price of $0.2698 per share.
• This transaction was to cover the CFO's withholding tax obligations related to the vesting of a restricted share award.
• The CFO did not sell the shares directly, they were withheld by the company.
• Following the transaction, Jing Nealis beneficially owns 1,946,347 shares of Class A Common Stock, which includes 824,552 shares underlying restricted stock units and 278,099 unvested shares from a restricted share award granted on August 16, 2021.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, which is common in publicly traded companies.

Comparison to Industry Standards

• Share disposals to cover tax obligations are a standard practice for executives receiving equity compensation.
• The vesting schedule of the restricted share award, with 25% vesting on the first anniversary and the remainder over 36 months, is a typical vesting structure.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it is a routine disposal of shares for tax purposes.

Key Dates

Keywords

SES AI Corp, Jing Nealis, CFO, Class A Common Stock, restricted stock units, share disposal, tax obligations, insider transaction