Form 4: SES AI Corp Executive Kyle Pilkington Sells Shares to Cover Taxes on Vesting Restricted Stock Units

Kyle Pilkington, Chief Legal Officer of SES AI Corp, sold 44,051 shares of Class A Common Stock on February 10, 2025, to cover withholding taxes on vesting restricted stock units.

Summary

• On February 10, 2025, Kyle Pilkington, the Chief Legal Officer of SES AI Corp, sold 44,051 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $1.1713 per share, with individual transactions ranging from $1.13 to $1.26.
• This transaction was part of an automatic sell-to-cover instruction adopted on February 9, 2024, to cover applicable withholding taxes on the vesting of restricted stock units (RSUs).
• The sell-to-cover instruction was designed to comply with Rule 10b5-1(c).
• Following the transaction, Pilkington beneficially owns 496,580 shares, including 359,889 shares underlying RSUs that are subject to forfeiture until they vest.

Sentiment

Score: 5

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

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This particular filing indicates a sale of shares to cover tax obligations related to vested equity, a common practice.

Stakeholder Impact

• The sale of shares by an executive could have a minor, temporary impact on the stock price, but is unlikely to have a significant long-term effect.

Key Dates

Keywords

Form 4, SEC, SES AI Corp, Kyle Pilkington, Class A Common Stock, Restricted Stock Units, Rule 10b5-1(c), Sell-to-cover, Beneficial Ownership, Insider Trading