Form 4: SES AI Corp Executive Hong Gan Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Hong Gan, Chief Science Officer of SES AI Corp, disposed of 22,168 shares of Class A Common Stock to cover withholding tax obligations related to vesting restricted stock units on April 15, 2024.
Summary
- On April 15, 2024, Hong Gan, the Chief Science Officer of SES AI Corp, disposed of 22,168 shares of Class A Common Stock.
- The disposal was executed to cover the reporting person's withholding tax obligations in connection with the vesting of restricted stock units.
- The shares were disposed of at a price of $1.49 per share.
- Following the transaction, Hong Gan beneficially owns 852,833 shares of Class A Common Stock, which includes 749,418 shares underlying RSUs that are subject to forfeiture until they vest.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reflects a routine transaction for tax purposes, with no indication of positive or negative implications for the company's performance.
Industry Context
This is a routine Form 4 filing, indicating insider transactions related to equity compensation. It's common for executives to sell shares to cover tax obligations when restricted stock units vest.
Key Dates
| Date | Description |
|---|---|
| 04/15/2024 | Date of transaction: Hong Gan disposed of shares to cover tax obligations. |
| 04/17/2024 | Date of signature for the Form 4 filing. |
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