SES AI Corp — Director's Dealing 2024

Sep 18, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SES AI Corp (SES)
CIK: 0001819142
Period of Report: 2024-09-16

Reporting Person: Nealis Jing (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-09-16	Class A Common Stock	M	32487	$0.16	Acquired	2011909	Direct
2024-09-16	Class A Common Stock	S	32487	$1.0231	Disposed	1979422	Direct
2024-09-17	Class A Common Stock	M	17513	$0.16	Acquired	1996935	Direct
2024-09-17	Class A Common Stock	S	17513	$1.30	Disposed	1979422	Direct
2024-09-17	Class A Common Stock	F	11025	$1.02	Disposed	1968397	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-09-16	Stock Option (Right to Buy)	$0.16	M	32487	Disposed	2031-02-09	Class A Common Stock (32487)	Direct
2024-09-17	Stock Option (Right to Buy)	$0.16	M	17513	Disposed	2031-02-09	Class A Common Stock (17513)	Direct

Footnotes

F1: The option exercise and sale of Class A Common Stock of the issuer was executed pursuant to a Rule 10b5-1 plan entered into by the Reporting Person on May 30, 2024.

F2: Includes 824,552 shares of Class A Common Stock underlying restricted stock units, which are subject to forfeiture until they vest.

F3: Includes 339,899 unvested shares of Class A Common Stock under a restricted share award granted on August 16, 2021. The restricted share award vested 25% on the first anniversary of the grant date and will vest in equal monthly installments over the following 36 months, subject to the reporting person's continued service on each vesting date.

F4: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.02 to $1.06, 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.

F5: Represents shares withheld to cover the Reporting Person's withholding tax obligations in connection with the vesting of a restricted share award. These shares were not sold by the Reporting Person.

F6: Reflects options granted on February 10, 2021 that will vest 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.