<SEC-DOCUMENT>0001415889-23-012356.txt : 20230817
<SEC-HEADER>0001415889-23-012356.hdr.sgml : 20230817
<ACCEPTANCE-DATETIME>20230817161510
ACCESSION NUMBER:		0001415889-23-012356
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20230815
FILED AS OF DATE:		20230817
DATE AS OF CHANGE:		20230817

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:		231182088

	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
</SEC-HEADER>
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<TYPE>4
<SEQUENCE>1
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        <issuerCik>0001819142</issuerCik>
        <issuerName>SES AI Corp</issuerName>
        <issuerTradingSymbol>SES</issuerTradingSymbol>
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            <rptOwnerCik>0001907466</rptOwnerCik>
            <rptOwnerName>Son Yongkyu</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O SES AI CORPORATION</rptOwnerStreet1>
            <rptOwnerStreet2>35 CABOT ROAD</rptOwnerStreet2>
            <rptOwnerCity>WOBURN</rptOwnerCity>
            <rptOwnerState>MA</rptOwnerState>
            <rptOwnerZipCode>01801</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>false</isDirector>
            <isOfficer>true</isOfficer>
            <isTenPercentOwner>false</isTenPercentOwner>
            <isOther>false</isOther>
            <officerTitle>CHIEF TECHNOLOGY OFFICER</officerTitle>
            <otherText></otherText>
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    <aff10b5One>0</aff10b5One>

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                <transactionPricePerShare>
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        </nonDerivativeTransaction>
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        </nonDerivativeTransaction>
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    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Stock Option (Right to Buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0.07</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2023-08-15</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionAmounts>
                <transactionShares>
                    <value>99576</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F4"/>
            </exerciseDate>
            <expirationDate>
                <value>2026-08-14</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>99576</value>
                </underlyingSecurityShares>
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                    <value>137735</value>
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        <derivativeTransaction>
            <securityTitle>
                <value>Stock Option (Right to Buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0.07</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2023-08-16</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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                <transactionShares>
                    <value>137735</value>
                </transactionShares>
                <transactionPricePerShare>
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                <transactionAcquiredDisposedCode>
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            <exerciseDate>
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            <expirationDate>
                <value>2026-08-14</value>
            </expirationDate>
            <underlyingSecurity>
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            </underlyingSecurity>
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                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
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                <natureOfOwnership>
                    <value></value>
                </natureOfOwnership>
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        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Includes shares of Class A Common Stock underlying restricted stock units, which are subject to forfeiture until they vest.</footnote>
        <footnote id="F2">The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.11 to $2.135, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.</footnote>
        <footnote id="F3">The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.09 to $2.225, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.</footnote>
        <footnote id="F4">Reflects fully vested options granted on August 15, 2016, subject to the Reporting Person's continued service on the vesting date.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Kyle Pilkington, Attorney-in-Fact</signatureName>
        <signatureDate>2023-08-17</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</SEC-DOCUMENT>
