Gan Hong, serving as Chief Science Officer of SES AI Corporation (NYSE: SES), executed a sale of 250,000 Class A Common Stock shares during January 22 and 23, 2026. The shares were sold across a price range of $2.48 to $2.56, resulting in proceeds totaling approximately $624,705.
According to regulatory filings submitted to the U.S. Securities and Exchange Commission, the disposition of shares followed an exercise of stock options by Gan Hong. The exercised options allowed an acquisition of the equivalent 250,000 shares at $0.16 per share, aggregating to a $40,000 total exercise value.
Post-transaction, Gan Hong holds a direct equity stake of 1,253,286 Class A Common Stock shares in SES AI Corp, underscoring an ongoing material ownership position within the company.
On the financial front, SES AI Corporation disclosed significant revenue gains for the third quarter of fiscal year 2025. The company reported revenue of $7.1 million, an outcome well above market analysts' consensus estimates of roughly $4.5 million for the period. Despite this promising revenue trajectory, SES AI recorded a net loss of $20.9 million, equating to a loss of $0.06 per share.
Beyond financial results, SES AI has encountered public scrutiny stemming from a detailed investigative report by Wolfpack Research. The report raised concerns regarding the validity of the company's business approach, specifically alleging the issuance of so-called "phantom deals" alongside questions about whether the AI product offerings meet proclaimed capabilities.
Furthermore, the organization announced that Dr. Jang Wook Choi will step down from his role on the board of directors effective November 10, 2025. The company clarified that Dr. Choi's departure is motivated by personal reasons and is not connected to any disagreement with the firm's management or operational practices. This director change adds another element influencing investor perception and corporate governance discussions.
These developments collectively highlight a multifaceted phase for SES AI, combining the internal actions of key executives with the external financial performance and ongoing reputational challenges. Investors and market watchers are closely observing how these factors will affect SES AI's future trajectory within the AI and technology sector.