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 15,691 shares of Class A Common Stock to cover withholding tax obligations related to the vesting of a restricted share award on May 16, 2025.
Summary
- On May 16, 2025, Jing Nealis, the CFO of SES AI Corporation, disposed of 15,691 shares of Class A Common Stock.
- The transaction was executed to cover the reporting person's withholding tax obligations related to the vesting of a restricted share award.
- The shares were disposed of at a price of $0.9364 per share.
- Following the transaction, Nealis directly owns 2,663,360 shares of Class A Common Stock, which includes 92,700 unvested shares and 1,426,800 shares underlying restricted stock units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing represents a routine transaction for tax purposes and doesn't indicate any strategic shift or concern.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard transaction to cover tax obligations related to equity compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/16/2021 | Date of grant for the restricted share award, which vests 25% on the first anniversary and then in equal monthly installments over the following 36 months. |
| 05/16/2025 | Date of the transaction where 15,691 shares were disposed of to cover tax obligations. |
| 05/20/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, SEC Filing, Insider Trading, SES AI Corp, Jing Nealis, CFO, Share Disposal, Tax Obligations, Restricted Share Award, Class A Common Stock
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