Form 4: SES AI Corp CFO Jing Nealis Reports Stock Transactions

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

Summary

• On April 15, 2024, Jing Nealis, CFO of SES AI Corp, had 24,881 Class A Common Stock shares withheld at a price of $1.49 per share to cover withholding tax obligations related to vesting restricted stock units.
• Following this transaction, Nealis beneficially owned 2,061,122 shares of Class A Common Stock, including 899,039 shares underlying restricted stock units and 525,298 unvested shares from a restricted share award granted on August 16, 2021.
• On April 16, 2024, an additional 11,025 Class A Common Stock shares were withheld at $1.49 per share to cover withholding tax obligations related to the vesting of a restricted share award.
• After this second transaction, Nealis beneficially owned 2,050,097 shares of Class A Common Stock, including 494,398 unvested shares from the August 16, 2021, restricted share award.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions related to executive compensation. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the equity holdings of key personnel.

Stakeholder Impact

• The transactions have a minor dilutive effect on existing shareholders due to the issuance of shares for equity compensation.

Key Dates