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 withholding tax obligations related to the vesting of a restricted share award.
Summary
- On October 16, 2024, Jing Nealis, the CFO of SES AI Corp, disposed of 11,025 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 a restricted share award.
- The shares were disposed of at a price of $0.6121 per share.
- Following the transaction, Nealis beneficially owns 1,957,372 shares of Class A Common Stock, which includes 824,552 shares underlying restricted stock units and 308,999 unvested shares from a restricted share award granted on August 16, 2021.
Sentiment
Score: 5
Explanation: The filing represents a routine transaction related to tax obligations, with no inherent positive or negative implications for the company's overall outlook.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is related to tax obligations of an executive.
Key Dates
| Date | Description |
|---|---|
| August 16, 2021 | Date of restricted share award grant. |
| October 16, 2024 | Date of transaction (share disposal). |
| October 17, 2024 | Date of signature on the Form 4 filing. |
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