SES AI Corp — Director's Dealing 2022

Jun 15, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SES AI Corp (SES)
CIK: 0001819142
Period of Report: 2022-06-13

Reporting Person: Ban Joanne (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-06-13	Class A Common Stock	M	4678	$0.14	Acquired	228141	Direct
2022-06-13	Class A Common Stock	M	37331	$0.15	Acquired	265472	Direct
2022-06-13	Class A Common Stock	S	26859	$4.0319	Disposed	238613	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-06-13	Stock Option	$0.14	M	4678	Disposed	2030-03-31	Class A Common Stock (4678)	Direct
2022-06-13	Stock Option	$0.15	M	37331	Disposed	2029-03-13	Class A Common Stock (37331)	Direct

Footnotes

F1: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.01 to $4.06, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4

F2: Includes 223,463 shares of Class A common stock, par value $0.0001 per share ("Class A Common Stock"), underlying restricted stock units ("RSUs") granted to the reporting person on April 18, 2022 (the "Grant Date") pursuant to the Issuer's 2021 Incentive Award Plan. The RSUs will vest, and an equal number of shares of Class A Common Stock will be deliverable to the reporting person, in three equal installments on the first, second and third anniversaries of the Grant Date, subject to continued employment through each applicable vesting date

F3: Reflects fully vested options granted on April 1, 2020, subject to the Reporting Person's continued service on the vesting date.

F4: Reflects options granted on March 14, 2019 that vested 25% on the first anniversary of the grant date and continue to vest in equal monthly installments over the following 36 months, subject to the Reporting Person's continued service on the vesting date.