Form 4: SES AI Corp Executive Gan Hong Executes Stock Options and Sells Shares Under 10b5-1 Plan

Chief Science Officer of SES AI Corp, Gan Hong, exercised stock options and sold Class A Common Stock under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On April 1, 2024, Gan Hong, the Chief Science Officer of SES AI Corporation, executed stock options to acquire 25,000 shares of Class A Common Stock at a price of $0.15 per share.
• Simultaneously, Gan Hong sold 25,000 shares of Class A Common Stock at a weighted average price of $1.5988, with individual sales ranging from $1.57 to $1.66.
• These transactions were conducted under a Rule 10b5-1 trading plan established on September 5, 2023.
• Following these transactions, Gan Hong beneficially owns 900,001 shares of Class A Common Stock and 875,001 shares of Class A Common Stock after the sale.
• The reported holdings include 819,153 shares underlying Restricted Stock Units (RSUs) that are subject to forfeiture until they vest.
• Gan Hong also holds options to purchase 318,277 shares of Class A Common Stock, which vested on March 14, 2019, and expire on March 13, 2029.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing reflects routine transactions under a pre-arranged trading plan and doesn't inherently indicate positive or negative news about the company's performance.

Positives

• The use of a 10b5-1 plan suggests pre-planned and transparent trading activity.

Industry Context

This filing is a routine disclosure of insider trading activity. It's common for executives to use 10b5-1 plans to manage their stock transactions and avoid accusations of trading on inside information. The activity itself doesn't necessarily indicate a positive or negative outlook for the company.

Comparison to Industry Standards

• Insider trading activity is a common occurrence in publicly traded companies.
• The use of 10b5-1 plans is a standard practice among executives to ensure compliance with insider trading regulations.
• Comparable companies such as QuantumScape, Solid Power, and StoreDot also have executives who regularly file Form 4s related to stock transactions.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the use of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates