Xu Kang sold SES
February 10, 2025 · Form 4 insider transaction
Xu Kang sold 27,969 shares of SES AI Corporation at $1.17 per share, a transaction worth $32.8K. The trade was recorded as open-market sale under a pre-scheduled Rule 10b5-1 plan and disclosed on an SEC Form 4, filed 1 day after the transaction.
Footnotes
This transaction was effected pursuant to an automatic sell-to-cover instruction adopted by the Reporting Person on February 6, 2024 to cover applicable withholding taxes on the vesting of restricted stock units. The automatic sell-to-cover instructions were intended to comply with the requirements of Rule 10b5-1(c). The sale was not a discretionary trade by the Reporting Person.; The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.13 to $1.26, 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.; Includes 299,973 shares of Class A Common Stock underlying restricted stock units, which are subject to forfeiture until they vest.