Form 4: SES AI Corp CFO Jing Nealis Reports Share Withholding for Tax Obligations

Jing Nealis, CFO of SES AI Corp, reports the withholding of shares to cover tax obligations related to the vesting of a restricted share award.

Summary

• On June 16, 2024, Jing Nealis, the CFO of SES AI Corp, had shares withheld to cover withholding tax obligations related to the vesting of a restricted share award.
• A total of 11,024 shares of Class A Common Stock were withheld at a price of $1.2.
• Following the transaction, Nealis beneficially owns 2,001,472 shares, which includes 432,599 unvested shares of Class A Common Stock from a restricted share award granted on August 16, 2021.
• The restricted share award vests 25% on the first anniversary of the grant date and then in equal monthly installments over the following 36 months, contingent upon continued service.
• The total also includes 824,552 shares of Class A Common Stock underlying restricted stock units, which are subject to forfeiture until they vest.

Sentiment

Score: 5

Explanation: This is a routine filing related to tax obligations and vesting schedules, and doesn't indicate a significant positive or negative sentiment.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, which is a normal part of equity compensation.

Key Dates