Gan Hong 4

What Happened

• Gan Hong, Chief Science Officer of SES AI Corp (SES), had 74,682 shares withheld to satisfy tax withholding obligations tied to the vesting of restricted stock units (RSUs). The Form 4 reports these shares at $0.99 each for a total of $73,734.
• Although reported as a disposition on the Form 4, the filing’s footnote clarifies these shares were withheld to cover taxes and were not sold on the open market.

Key Details

• Transaction date: 2026-03-27; reported on Form 4 filed 2026-03-31.
• Price reported: $0.99 per share; total value: $73,734.
• Shares owned after transaction: filing notes beneficial ownership that includes 544,316 shares of Class A Common Stock underlying RSUs that remain subject to forfeiture until they vest (see footnote F2).
• Footnotes: F1 — shares were withheld to cover the reporting person’s withholding tax obligations and were not sold; F2 — includes 544,316 unvested RSUs.
• Filing timeliness: Form 4 was filed 4 days after the transaction date; no explicit late-file flag is indicated in the provided data.

Context

• This is a tax-withholding event associated with RSU vesting, a routine administrative transaction that does not necessarily indicate the insider’s view of the company’s stock. It differs from an open-market sale because the shares were retained by the company to cover taxes rather than being sold by the insider.