0001415889-24-003445.txt : 20240212 0001415889-24-003445.hdr.sgml : 20240212 20240212193030 ACCESSION NUMBER: 0001415889-24-003445 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240209 FILED AS OF DATE: 20240212 DATE AS OF CHANGE: 20240212 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Li Gang CENTRAL INDEX KEY: 0001972030 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39845 FILM NUMBER: 24622089 MAIL ADDRESS: STREET 1: 35 CABOT ROAD CITY: WOBURN STATE: MA ZIP: 01801 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SES AI Corp CENTRAL INDEX KEY: 0001819142 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690] ORGANIZATION NAME: 04 Manufacturing 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 form4-02122024_070214.xml X0508 4 2024-02-09 0001819142 SES AI Corp SES 0001972030 Li Gang C/O SES AI CORPORATION 35 CABOT ROAD WOBURN MA 01801 false true false false CHIEF MANUFACTURING OFFICER 0 Class A Common Stock 2024-02-09 4 A 0 127118 0 A 252641 D Performance Vesting Restricted Stock Units 2024-02-09 4 A 0 127118 0 A Class A Common Stock 127118 127118 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 February 9, 2024 (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 or service through each applicable vesting date. Includes 252,641 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 or service 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 or service 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/ Kyle Pilkington, Attorney-in-Fact 2024-02-12