Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | SES | Class A Common Stock | Award | $0 | +279K | +117.71% | $0.00 | 517K | Apr 18, 2022 | Direct | F1, F2 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | SES | Performance Vesting Restricted Stock Units | Award | $0 | +279K | $0.00 | 279K | Apr 18, 2022 | Class A Common Stock | 279K | Direct | F3, F4 |
Id | Content |
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F1 | Represents shares of Class A common stock, par value $0.0001 per share ("Class A Common Stock"), underlying restricted stock units ("RSUs") granted to the reporting person on April 18, 2022 (the "Grant Date") pursuant to the Issuer's 2021 Incentive Award Plan. The RSUs will vest, and an equal number of shares of Class A Common Stock will be deliverable to the reporting person, in three equal installments on the first, second and third anniversaries of the Grant Date, subject to continued employment through each applicable vesting date. |
F2 | Includes 279,329 shares of Class A Common Stock underlying RSUs, which are subject to forfeiture until they vest. |
F3 | Represents shares of Class A Common Stock underlying performance vesting RSUs ("PSUs") granted to the reporting person on the Grant Date pursuant to the Issuer's 2021 Incentive Award Plan. The PSUs vest in one installment following the end of a three-year period (the "Initial Performance Period") commencing on the Grant Date, subject to the achievement of certain Class A Common Stock price milestones and the reporting person's continued employment through such date. If following the Initial Performance Period there are PSUs that have not vested, then such PSUs remain eligible to vest in an additional installment following the end of a five-year period commencing on the Grant Date, subject to the achievement of certain Class A Common Stock price milestones and the reporting person's continued employment through such date. |
F4 | (Continued from Footnote 3) For more information on these terms, see "Item 11. Executive Compensation-Compensation Arrangements for Fiscal 2022-Executive Officer Compensation" of the Issuer's Annual Report on Form 10-K for the fiscal year ended December 31, 2021. The number of PSUs reported represents the maximum number of PSUs that may vest following certification by the Issuer's compensation committee. |