Form 4: SES AI Corp Executive Sells Shares to Cover Tax Obligations

Hong Gan, Chief Science Officer of SES AI Corp, sold 51,600 shares of Class A Common Stock to cover withholding taxes on vesting restricted stock units.

Summary

• Hong Gan, the Chief Science Officer of SES AI Corporation, sold 51,600 shares of Class A Common Stock on February 10, 2025.
• 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 6, 2024, to meet tax obligations related to the vesting of restricted stock units.
• Following the transaction, Gan directly owns 773,906 shares of Class A Common Stock, which includes 515,067 shares underlying restricted stock units that are subject to vesting.

Sentiment

Score: 5

Explanation: The document is a routine SEC Form 4 filing, indicating a stock sale for tax purposes. It doesn't inherently convey positive or negative sentiment.

Industry Context

Executive stock sales are a common occurrence and are often related to personal financial planning or tax obligations. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on inside information.

Stakeholder Impact

• The stock sale may have a minor, temporary impact on the stock price.

Key Dates

Keywords

Form 4, SEC Filing, Insider Trading, Stock Sale, SES AI Corp, Hong Gan, Executive Compensation, Restricted Stock Units, Tax Obligations, Class A Common Stock