Hu Qichao 4

What Happened

• Hu Qichao, a reported 10% owner of SES AI Corp (SES), had 267,934 shares of Class A common stock withheld on Feb 9, 2026 to satisfy withholding tax obligations related to the vesting of restricted stock units (RSUs). The withheld shares are reported at $1.99 per share for a total value of $533,189. This was a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date and price: 2026-02-09 at $1.99 per share; total value reported $533,189.
• Transaction type: F — shares withheld to cover tax withholding on RSU vesting (not sold on the market).
• Shares owned after transaction: not specified in the filing.
• Notable footnotes:
  • F1: Shares were withheld to cover the reporting person’s tax withholding obligations and were not sold by the reporting person.
  • F2: The filing notes 2,972,177 shares of Class A common stock underlying RSUs that remain subject to forfeiture until they vest.
• Filing timeliness: Report filed on 2026-02-10 for a 2026-02-09 transaction — filed within the usual Form 4 reporting window (timely).

Context

• Tax-withholding dispositions for RSU vesting are routine administrative events and do not necessarily signal buying or selling intent. As a 10% owner, Hu Qichao’s transaction reflects tax withholding on equity compensation rather than an open-market sale or purchase.