0001415889-23-006629.txt : 20230418 0001415889-23-006629.hdr.sgml : 20230418 20230418180031 ACCESSION NUMBER: 0001415889-23-006629 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230414 FILED AS OF DATE: 20230418 DATE AS OF CHANGE: 20230418 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Son Yongkyu CENTRAL INDEX KEY: 0001907466 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39845 FILM NUMBER: 23827984 MAIL ADDRESS: STREET 1: 1, ROBINSON ROAD STREET 2: #18-00 AIA TOWER CITY: SINGAPORE STATE: U0 ZIP: 048542 FORMER NAME: FORMER CONFORMED NAME: Song Yongkyu DATE OF NAME CHANGE: 20220127 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SES AI Corp CENTRAL INDEX KEY: 0001819142 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 35 CABOT RD. CITY: WOBURN STATE: MA ZIP: 01801 BUSINESS PHONE: 339-298-8750 MAIL ADDRESS: STREET 1: 35 CABOT RD. CITY: WOBURN STATE: MA ZIP: 01801 FORMER COMPANY: FORMER CONFORMED NAME: Ivanhoe Capital Acquisition Corp. DATE OF NAME CHANGE: 20200723 4 1 form4-04182023_060422.xml X0407 4 2023-04-14 0001819142 SES AI Corp SES 0001907466 Son Yongkyu C/O SES AI CORPORATION 35 CABOT ROAD WOBURN MA 01801 false true false false CHIEF TECHNOLOGY OFFICER 0 Class A Common Stock 2023-04-14 4 A 0 104603 0 A 621243 D Performance Vesting Restricted Stock Units 2023-04-14 4 A 0 104603 0 A Class A Common Stock 104603 104603 D 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 14, 2023 (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. Includes 383,932 shares of Class A Common Stock underlying RSUs, which are subject to forfeiture until they vest. 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. The number of PSUs reported represents the maximum number of PSUs that may vest following certification by the Issuer's compensation committee. The share price thresholds for vesting of the PSUs are as follows: under $12.5, 0%; $12.5 or greater, 25%; $15 or greater, 50%; $17.5 or greater, 75%; and $20 or greater, 100%. A specified percentage of the PSUs will vest based on the average closing price of Class A Common Stock during any consecutive 100-calendar-day period during the Initial Performance Period, assuming that the average closing price during the last 30-calendar-day period in the Initial Performance also exceeds the highest share price threshold achieved. Otherwise, the number of PSUs that vest will be based on the average closing price during the last 30 calendar days of the Initial Performance Period using the same share price thresholds. /s/ Jing Nealis, Attorney-in-Fact 2023-04-18