Sk Inc. - Feb 3, 2022 Form 3 Insider Report for SES AI Corp (SES)

Role: 10%+ Owner
Signature: /s/ Jae Bum Park, Attorney-in-Fact
Stock symbol: SES
Transactions as of: Feb 3, 2022
Transactions value $: $0
Form type: 3
Date filed: 9/28/2022, 06:15 AM
Next filing: May 28, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	SES	Class A Common Stock, par value $0.0001						42M	Feb 3, 2022	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	SK Inc. is the record holder of (i) 38,178,731 shares of Class A Common Stock and (ii) 3,829,028 shares of Class A Common Stock that will be issued to the reporting person if the closing price of shares of the Class A Common Stock is equal to or greater than $18.00 during the period beginning on the date that is the one year following the closing of the Business Combination (the "Closing") and ending on the date that is five years following such closing (the "Earn-Out Shares"). SK, Inc. is the record holder and ultimate beneficial owner of such shares of Class A common stock but disclaims beneficial ownership except to the extent of its pecuniary interest therein, and this filing shall not be deemed an admission that SK, Inc. is, for purposes of Section 16 of the Exchange Act of 1934 or otherwise, the beneficial owner of any equity securities covered by this statement.

Content

SK Inc. is the record holder of (i) 38,178,731 shares of Class A Common Stock and (ii) 3,829,028 shares of Class A Common Stock that will be issued to the reporting person if the closing price of shares of the Class A Common Stock is equal to or greater than $18.00 during the period beginning on the date that is the one year following the closing of the Business Combination (the "Closing") and ending on the date that is five years following such closing (the "Earn-Out Shares"). SK, Inc. is the record holder and ultimate beneficial owner of such shares of Class A common stock but disclaims beneficial ownership except to the extent of its pecuniary interest therein, and this filing shall not be deemed an admission that SK, Inc. is, for purposes of Section 16 of the Exchange Act of 1934 or otherwise, the beneficial owner of any equity securities covered by this statement.