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

Chief Science Officer Gan Hong executed options and sold 25,000 shares of SES AI Corp Class A Common Stock at prices ranging from $1.35 to $1.47, pursuant to a pre-arranged Rule 10b5-1 trading plan.

Summary

• On May 8, 2024, Gan Hong, Chief Science Officer of SES AI Corp, exercised options to purchase 25,000 shares of Class A Common Stock at $0.15 per share.
• Simultaneously, Gan Hong sold 25,000 shares of Class A Common Stock at a weighted average price of $1.4247, with individual sales ranging from $1.35 to $1.47.
• These transactions were executed under a Rule 10b5-1 trading plan established on September 5, 2023.
• Following these transactions, Gan Hong directly owns 825,506 shares of Class A Common Stock, which includes 656,309 shares underlying Restricted Stock Units (RSUs) that are subject to vesting.
• Gan Hong also holds options to purchase 293,277 shares of Class A Common Stock, fully vested as of March 14, 2019.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing insider transactions. It doesn't inherently convey positive or negative sentiment about the company's prospects.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions. It provides transparency into the trading activities of company executives and their alignment with company performance. The use of a 10b5-1 plan indicates a pre-arranged strategy to avoid accusations of trading on inside information.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the sale of shares by an executive.
• The use of a 10b5-1 plan provides transparency and reduces the risk of accusations of insider trading.

Key Dates