SES AI Corp — Director's Dealing 2022

Feb 7, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SES AI Corp (SES)
CIK: 0001819142
Period of Report: 2022-02-03

Reporting Person: FRIEDLAND ROBERT M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-03	Class A Common Stock	C	200000	—	Acquired	200000	Direct
2022-02-04	Class A Common Stock	P	40000	$7.57	Acquired	240000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-02-03	Class A Ordinary Shares	$	C	200000	Disposed		Class A Ordinary Shares (200000)	Direct
2022-02-03	Public Warrants	$11.50	C	79166	Disposed	2027-02-03	Class A Ordinary Shares (79166)	Direct
2022-02-03	Public Warrants	$11.5	C	79166	Acquired	2027-02-03	Class A Common Stock (79166)	Direct

Footnotes

F1: In connection with the consummation of the transactions contemplated by the Business Combination Agreement, dated July 12, 2021 (as amended on September 20, 2021), by and among Ivanhoe Capital Acquisition Corp. ("Ivanhoe"), Wormhole Merger Sub Pte. Ltd. and SES Holdings Pte. Ltd. (the transactions contemplated thereby, the "Business Combination"), Ivanhoe domesticated as a Delaware corporation (the "Domestication") and changed its name to "SES AI Corporation" ("New SES"). In connection with the Domestication, the reporting person's Class A ordinary shares, par value $0.0001 per share, of Ivanhoe were automatically converted into shares of Class A common stock of New SES, par value $0.0001 per share, on a one-for-one basis.

F2: The price reported in Column 4 is a weighted average price. These shares of Class A common stock of New SES were purchased in multiple transactions at prices ranging from $6.94 to $8.16. The reporting person undertakes to provide to New SES, any security holder thereof or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Class A common stock purchased at each separate price within the ranges set forth in this footnote.

F3: In connection with the consummation of the Business Combination and the Domestication, the reporting person's public warrants of Ivanhoe were automatically converted into warrants to purchase shares of Class A common stock of New SES at an exercise price of $11.50 per whole share, subject to adjustment, on a one-for-one basis.