Joanne Ban - Jun 13, 2022 Form 4 Insider Report for SES AI Corp (SES)

Role: CHIEF LEGAL & CORP. OFFICER
Signature: /s/ Jing Nealis, Attorney-in-Fact
Stock symbol: SES
Transactions as of: Jun 13, 2022
Transactions value $: -$102,038
Form type: 4
Date filed: 6/15/2022, 04:18 PM
Previous 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	Options Exercise	$655	+4.68K	+2.09%	$0.14^*	228K	Jun 13, 2022	Direct
transaction	SES	Class A Common Stock	Options Exercise	$5.6K	+37.3K	+16.36%	$0.15^*	265K	Jun 13, 2022	Direct
transaction	SES	Class A Common Stock	Sale	-$108K	-26.9K	-10.12%	$4.03	239K	Jun 13, 2022	Direct	F1, 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	Stock Option	Options Exercise	$0	-4.68K	-9.11%	$0.00	46.7K	Jun 13, 2022	Class A Common Stock	4.68K	$0.14	Direct	F3
transaction	SES	Stock Option	Options Exercise	$0	-37.3K	-5.03%	$0.00	704K	Jun 13, 2022	Class A Common Stock	37.3K	$0.15	Direct	F4

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

Explanation of Responses:

Id	Content
F1	The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.01 to $4.06, 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
F2	Includes 223,463 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
F3	Reflects fully vested options granted on April 1, 2020, subject to the Reporting Person's continued service on the vesting date.
F4	Reflects options granted on March 14, 2019 that vested 25% on the first anniversary of the grant date and continue to vest in equal monthly installments over the following 36 months, subject to the Reporting Person's continued service on the vesting date.