Form 4: SES AI Corp CFO Sells Shares to Cover Taxes on Vesting Restricted Stock Units

Jing Nealis, CFO of SES AI Corp, sold 80,992 shares of Class A Common Stock on February 10, 2025, to cover withholding taxes related to vesting restricted stock units, as part of a pre-arranged Rule 10b5-1(c) trading plan.

Summary

• On February 10, 2025, Jing Nealis, the CFO of SES AI Corp, sold 80,992 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $1.1713 per share, with individual transactions ranging from $1.13 to $1.26.
• This transaction was conducted under a pre-arranged automatic sell-to-cover instruction adopted on February 9, 2024, to satisfy withholding tax obligations on vesting restricted stock units.
• The sale was not a discretionary trade by the Reporting Person and was intended to comply with Rule 10b5-1(c).
• Following the transaction, Nealis beneficially owns 1,841,637 shares, including unvested shares and restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to an insider stock sale for tax purposes. It doesn't inherently convey positive or negative sentiment about the company's performance or prospects.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction. It is common for executives to sell shares to cover tax obligations when restricted stock units vest. The use of a pre-arranged trading plan (Rule 10b5-1(c)) is a standard practice to avoid accusations of insider trading.

Key Dates

Keywords

Form 4, SEC Filing, Insider Trading, Stock Sale, SES AI Corp, Jing Nealis, CFO, Class A Common Stock, Restricted Stock Units, Rule 10b5-1(c), Vesting, Withholding Taxes