Vertex Legacy Continuation Fund Pte Ltd. - Feb 2, 2022 Form 3 Insider Report for SES AI Corp (SES)

Role: 10%+ Owner
Signature: /s/ Chua Kee Lock
Stock symbol: SES
Transactions as of: Feb 2, 2022
Transactions value $: $0
Form type: 3
Date filed: 2/10/2022, 02:23 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	SES	Common Stock						32.3M	Feb 2, 2022	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Includes 2,894,604 of earn-out shares that shall vest on the date that the closing price of the shares of the Issuer's Class A common stock equals or exceeds $18.00 during the period beginning on the date that is one year following the closing of the business combination (the "Closing") and ending on the date that is five years following the Closing. The earn-out shares are held in escrow and are holders of such shares are entitled to exercise the voting rights carried by the earn-out shares and are entitled to receive any dividends or other distributions made in respect thereof.

Content

Includes 2,894,604 of earn-out shares that shall vest on the date that the closing price of the shares of the Issuer's Class A common stock equals or exceeds $18.00 during the period beginning on the date that is one year following the closing of the business combination (the "Closing") and ending on the date that is five years following the Closing. The earn-out shares are held in escrow and are holders of such shares are entitled to exercise the voting rights carried by the earn-out shares and are entitled to receive any dividends or other distributions made in respect thereof.