0001415889-23-006631.txt : 20230418
0001415889-23-006631.hdr.sgml : 20230418
20230418180048
ACCESSION NUMBER: 0001415889-23-006631
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230417
FILED AS OF DATE: 20230418
DATE AS OF CHANGE: 20230418
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Makharia Rohit
CENTRAL INDEX KEY: 0001907018
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39845
FILM NUMBER: 23827992
MAIL ADDRESS:
STREET 1: 1, ROBINSON ROAD
STREET 2: #18-00 AIA TOWER
CITY: SINGAPORE
STATE: U0
ZIP: 048542
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_060431.xml
X0407
4
2023-04-17
0001819142
SES AI Corp
SES
0001907018
Makharia Rohit
C/O SES AI CORPORATION
35 CABOT ROAD
WOBURN
MA
01801
false
true
false
false
PRES. & CHIEF OP. OFFICER
0
Class A Common Stock
2023-04-17
4
A
0
104603
0
A
104603
D
Performance Vesting Restricted Stock Units
2023-04-17
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 17, 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 104,603 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/ Kyle Pilkington, Attorney-in-Fact
2023-04-18