Form 4: SK Inc. Sells Shares of SES AI Corp in Recent Transactions

SK Inc., a 10% owner of SES AI Corp, recently sold shares of Class A Common Stock in two transactions.

Summary

• SK Inc., identified as a 10% owner of SES AI Corp, has reported the sale of SES AI Corp Class A Common Stock.
• On November 1, 2024, SK Inc. sold 147,794 shares at a weighted average price of $0.45.
• The shares were sold in multiple transactions at prices ranging from $0.4538 to $0.4735.
• On November 4, 2024, SK Inc. sold an additional 200,000 shares at $0.45 per share.
• Following these transactions, SK Inc. beneficially owns 35,501,084 shares of SES AI Corp, which includes 3,829,028 Earn-Out Shares.

Sentiment

Score: 4

Explanation: The sentiment is neutral to slightly negative as a major shareholder is reducing their position. This could be for various reasons, but the market may interpret it as a lack of confidence.

Industry Context

This filing indicates changes in ownership structure, which is a common occurrence in publicly traded companies. Investors often monitor such filings to understand the sentiment of major shareholders.

Stakeholder Impact

• Shareholders may react to the news of SK Inc.'s share sales.
• The market could interpret the sales as a change in SK Inc.'s outlook on SES AI Corp.

Key Dates