Form 4: SES AI Corp Executive Hong Gan Disposes of Shares to Cover Tax Obligations

Hong Gan, Chief Science Officer of SES AI Corp, disposed of 27,327 shares of Class A Common Stock to cover withholding tax obligations related to vesting restricted stock units.

Summary

• On April 18, 2024, Hong Gan, the Chief Science Officer of SES AI Corporation, disposed of 27,327 shares of Class A Common Stock.
• The transaction was executed to cover the reporting person's withholding tax obligations in connection with the vesting of restricted stock units (RSUs).
• The shares were disposed of at a price of $1.34.
• Following the transaction, Hong Gan beneficially owns 825,506 shares of Class A Common Stock, which includes 656,309 shares underlying RSUs that are subject to forfeiture until they vest.

Sentiment

Score: 5

Explanation: This is a neutral transaction related to tax obligations, with no inherent positive or negative implications for the company's overall outlook.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders (officers, directors, or those holding more than 10% of the company's shares) buy or sell the company's securities. This filing indicates a transaction by a key executive at SES AI Corp.

Key Dates