Robert M. Friedland - Feb 3, 2022 Form 4 Insider Report for SES AI Corp (SES)

Role
Director
Signature
/s/ Robert Friedland
Stock symbol
SES
Transactions as of
Feb 3, 2022
Transactions value $
$302,800
Form type
4
Date filed
2/7/2022, 03:06 PM
Previous filing
Jul 21, 2021
Next filing
Apr 20, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SES Class A Common Stock Conversion of derivative security +200K 200K Feb 3, 2022 Direct F1
transaction SES Class A Common Stock Purchase $303K +40K +20% $7.57 240K Feb 4, 2022 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SES Class A Ordinary Shares Conversion of derivative security -200K -100% 0 Feb 3, 2022 Class A Ordinary Shares 200K Direct F1
transaction SES Public Warrants Conversion of derivative security -79.2K -100% 0 Feb 3, 2022 Class A Ordinary Shares 79.2K $11.50 Direct F3
transaction SES Public Warrants Conversion of derivative security +79.2K 79.2K Feb 3, 2022 Class A Common Stock 79.2K $11.50 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In connection with the consummation of the transactions contemplated by the Business Combination Agreement, dated July 12, 2021 (as amended on September 20, 2021), by and among Ivanhoe Capital Acquisition Corp. ("Ivanhoe"), Wormhole Merger Sub Pte. Ltd. and SES Holdings Pte. Ltd. (the transactions contemplated thereby, the "Business Combination"), Ivanhoe domesticated as a Delaware corporation (the "Domestication") and changed its name to "SES AI Corporation" ("New SES"). In connection with the Domestication, the reporting person's Class A ordinary shares, par value $0.0001 per share, of Ivanhoe were automatically converted into shares of Class A common stock of New SES, par value $0.0001 per share, on a one-for-one basis.
F2 The price reported in Column 4 is a weighted average price. These shares of Class A common stock of New SES were purchased in multiple transactions at prices ranging from $6.94 to $8.16. The reporting person undertakes to provide to New SES, any security holder thereof or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Class A common stock purchased at each separate price within the ranges set forth in this footnote.
F3 In connection with the consummation of the Business Combination and the Domestication, the reporting person's public warrants of Ivanhoe were automatically converted into warrants to purchase shares of Class A common stock of New SES at an exercise price of $11.50 per whole share, subject to adjustment, on a one-for-one basis.