Form 4: SES AI Corp Executive Kyle Pilkington Reports Tax-Related Share Withholding
SEC Form 4 Filing
Chief Legal Officer Kyle Pilkington of SES AI Corp reports the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On April 18, 2024, Kyle Pilkington, Chief Legal Officer of SES AI Corp, had 3,050 shares of Class A Common Stock withheld to cover tax obligations related to the vesting of restricted stock units (RSUs).
- The shares were withheld at a price of $1.34.
- Following the transaction, Pilkington beneficially owns 544,907 shares of Class A Common Stock, which includes 485,153 shares underlying RSUs that are subject to forfeiture until they vest.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing relates to a routine tax obligation and does not indicate any significant positive or negative development for the company.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider transactions, allowing investors to stay informed about the actions of company executives and their potential impact on the stock.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a standard procedure for covering tax obligations related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 04/18/2024 | Date of transaction: shares withheld for tax obligations. |
| 04/22/2024 | Date of signature on the Form 4 filing. |
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