Form 4: SES AI Corp Executive Li Gang Reports Stock Transaction

Li Gang, Chief Manufacturing Officer of SES AI Corp, reports the withholding of shares to cover tax obligations related to vesting restricted stock units.

Summary

• On April 15, 2024, Li Gang, the Chief Manufacturing Officer of SES AI Corp, had 12,259 shares of Class A Common Stock withheld to cover withholding tax obligations related to the vesting of restricted stock units (RSUs).
• The shares were withheld at a price of $1.49.
• Following the transaction, Li Gang beneficially owns 240,382 shares of Class A Common Stock, which includes 210,800 shares underlying RSUs that are subject to forfeiture until they vest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This is a routine SEC filing related to insider transactions, specifically the withholding of shares to cover tax obligations upon the vesting of restricted stock units. It's a common practice for executives receiving stock-based compensation.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves the withholding of shares for tax purposes and doesn't represent a significant change in the executive's overall holdings.

Key Dates