Nealis Jing 4

What Happened
Nealis Jing, Chief Financial Officer of SES AI Corp (SES), had 36,145 shares withheld to satisfy withholding tax obligations related to the vesting of restricted stock units (RSUs). The withholding occurred at $1.10 per share, representing $39,760 in value. These shares were withheld for taxes and were not sold on the open market.

Key Details

• Transaction date: April 14, 2026
• Filing date: April 16, 2026 (filed timely; not indicated as late)
• Transaction type/code: F — shares withheld to cover tax withholding (not a sale)
• Shares withheld: 36,145 at $1.10 per share = $39,760 total
• Holdings note: Filing discloses 836,871 Class A shares underlying RSUs that remain subject to forfeiture until they vest (Footnote F2).
• Footnote: F1 confirms the shares were withheld to cover tax obligations and were not sold by the reporting person.

Context
Tax-withholding by an insider when RSUs vest is routine and does not reflect an open-market sale or necessarily indicate a view on the company’s stock. The withheld shares reduce the number of shares the insider receives upon vesting but are distinct from a discretionary sale. The filing shows a substantial number of RSUs still subject to vesting, which could result in future share issuances or further withholding events.