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 11,025 shares to cover tax obligations related to the vesting of a restricted share award, with no shares sold by the reporting person.

Summary

• On March 15, 2024, Jing Nealis, the CFO of SES AI Corp, had 11,025 shares of Class A Common Stock withheld to cover withholding tax obligations related to the vesting of a restricted share award.
• The shares were withheld at a price of $1.52 per share.
• Nealis did not sell these shares.
• Following the transaction, Nealis beneficially owns 2,084,366 shares of Class A Common Stock.
• This total includes 968,774 shares underlying restricted stock units that are subject to vesting.
• It also includes 525,298 unvested shares from a restricted share award granted on August 16, 2021, which vests over time.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to insider transactions. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

This filing is a routine disclosure related to executive compensation and tax obligations, common among publicly traded companies. It provides transparency into insider transactions but doesn't necessarily indicate a strategic shift or significant event for SES AI Corp.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves the withholding of shares for tax purposes rather than a sale on the open market.

Key Dates