SES AI Corp
For the period ended Jun 30, 2026. Filed Aug 11, 2026.
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Jun 30, 2026 · Filed Aug 11, 2026
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Item 5. Other Information
| (a) | Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On August 6, 2026, the Company determined that effective August 15, 2026, Kang Xu, our Chief Technology Officer, will receive a reduced base salary of $110,000, as he begins splitting time between the Company and The Ohio State University, where he has been named an Ohio Eminent Scholar and Howard D. Winbigler Chair in Engineering. Dr. Xu will continue to serve as an executive officer/Section 16 officer of the Company.
| (b) | Not applicable. |
| (c) | During the fiscal quarter ended June 30, 2026, none of our directors or Section 16 officers adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K, except as follows: on May 18, 2026, each of our Section 16 officers (our Founder, Chairman and Chief Executive Officer Qichao Hu, our Chief Financial Officer Ray Liu, our Chief Legal Officer Kyle Pilkington, and our Chief Technology Officer Kang Xu) adopted “Rule 10b5-1 trading arrangements” to sell shares of our Class A common stock sufficient to cover withholding taxes on the vesting of certain RSUs granted that same day (which vest subject to continued service in three equal installments on each anniversary of the grant date). While the exact number of shares to be sold will depend on the amount of withholding taxes due and thus is unknown, it will be a portion of the total RSUs granted to each officer (for Dr. Hu, 1,504,425, for Mr. Liu, 331,858, for Mr. Pilkington, 353,982, and Dr. Xu, 221,239). Each arrangement expires once all shares are sold to satisfy the applicable officer’s withholding tax obligations. |
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