Form 4: SES AI Corp Executive Li Gang Sells Shares to Cover Tax Obligations
SEC Form 4
Li Gang, Chief Manufacturing Officer of SES AI Corp, sold shares of Class A Common Stock to cover withholding taxes on vesting restricted stock units.
Summary
- On February 10, 2025, Li Gang, the Chief Manufacturing Officer of SES AI Corp, sold 15,909 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 meet tax obligations related to the vesting of restricted stock units (RSUs).
- Following the transaction, Li Gang beneficially owns 224,473 shares, including 168,427 shares underlying RSUs that are subject to vesting.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transaction is a routine sale of shares for tax purposes and doesn't indicate a change in the executive's confidence in the company.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 02/09/2024 | Date of adoption of automatic sell-to-cover instruction by the Reporting Person. |
| 02/10/2025 | Date of the transaction (sale of shares). |
| 02/11/2025 | Date of signature of the Form 4 filing. |
Keywords
SES AI Corp, Li Gang, Form 4, Share Sale, Restricted Stock Units, Tax Obligations, Beneficial Ownership, Automatic Sell-to-Cover
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.