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Market Information
−Removed: Our Class A common stock is traded on The New York Stock Exchange (the “NYSE”) under the symbol “SES.” Our public warrants are traded on the NYSE under the symbol “SES WS.”
+Added: Our Class A common stock is traded on The New York Stock Exchange (the “NYSE”) under the symbol “SES.” Our public warrants are traded on the NYSE under the symbol “SES WS.” There is no public market for our Class B common stock.
Holders of Record
−Removed: As of February 25, 2025, there were 124 holders of record of our Class A common stock and one holder of record of our public warrants.
+Added: As of March 2, 2026, there were 129 holders of record of our Class A common stock and one holder of record of our public warrants.
Such numbers do not include Depository Trust Company (“DTC”) participants or beneficial owners holding shares through nominee names.
−Removed: There is no public market for our Class B common stock and one holder of record of our Class B common stock as of February 25, 2025.
+Added: There is one holder of record of our Class B common stock as of March 2, 2026.
We have not paid any cash dividends on our shares of Class A common stock to date and do not anticipate paying any cash dividends for the foreseeable future.
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Recent Sales of Unregistered Securities
+Added: Issuer Purchases of Equity Securities
+Added: As reflected in the following table, there were no repurchases of our common stock during the three months ended December 31, 2025:
+Added: Share Repurchase Activities
+Added: Total Number of Shares Purchased
+Added: Average Price Paid Per Share
+Added: Total Number of Shares Purchased as Part of Publicly Announced Program (1)
+Added: Approximate Dollar Value of Shares that May Yet Be Purchased under the Program (1)
+Added: October 1 - October 31, 2025
+Added: November 1 - November 30, 2025
+Added: December 1 - December 31, 2025
+Added: (1) On April 24, 2025, we announced that our Board approved a stock repurchase program authorizing us to purchase up to $30 million of our outstanding common stock.
+Added: Under the authorization, the Company may repurchase shares from time to time at management’s discretion, through a variety of methods, including open market purchases in accordance with Rule 10b-18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), privately negotiated transactions or otherwise, in compliance with applicable federal securities laws and other applicable laws and regulations.
+Added: The Company may also, from time to time, enter into plans that are compliant with Rule 10b5-1 of the Exchange Act to facilitate repurchases of its shares under this authorization.
+Added: The timing and number of shares repurchased will depend on a variety of factors, including price, general business and market conditions, alternative investment opportunities, and funding considerations.
+Added: The share repurchase authorization does not obligate the Company to repurchase any specific number of shares, may be suspended or discontinued at any time and does not have an expiration date.
Stock Performance Graph
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.