Gan Hong 4

What Happened
Gan Hong, Chief Science Officer of SES AI Corp (SES), had 32,138 shares withheld to cover withholding tax obligations tied to the vesting of restricted stock units (RSUs). The withholding was recorded at an effective price of $1.10 per share for a total value of approximately $35,352. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date: 2026-04-14; Filing date: 2026-04-16 (filed within the typical 2-business-day window).
• Transaction: 32,138 shares withheld for taxes at $1.10 per share — total ~$35,352. (Code F = tax withholding)
• Shares retained/ownership: Filing notes 474,580 shares of Class A common stock underlying RSUs that remain subject to forfeiture until they vest (reported beneficial ownership totals not provided here).
• Footnotes: F1 clarifies the 32,138 shares were withheld to satisfy withholding tax and were not sold by the reporting person. F2 notes 474,580 RSU shares are subject to forfeiture.
• No indication this was part of a 10b5-1 plan or an open-market trade.

Context
Tax-withholding transactions on RSU vesting are routine and do not necessarily indicate a change in the insider’s view of the company. Because the shares were withheld to cover taxes (not sold on the open market), this is generally administrative rather than a market-driven disposition.