SES AI CORPORATION

Ticker: SES/WS CUSIP: 78397Q117 Class: *W EXP 12/10/202

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (1)

SUSQUEHANNA INTERNATIONAL GROUP, LLP

Value ($000) $3 Shares 15,574

Institution	Shares	Value ($000)
SUSQUEHANNA INTERNATIONAL GROUP, LLP	15,574	$3

Increased Positions (2)

WOLVERINE ASSET MANAGEMENT LLC

Value ($000) $18 (+149.4%) Shares 94,433 (+136.1%)

Value ($000) $0 (+45.0%) Shares 848 (+37.4%)

Institution	Prev Shares	Curr Shares	Change
WOLVERINE ASSET MANAGEMENT LLC	39,994	94,433	+54,439 (+136.1%)
UBS Group AG	617	848	+231 (+37.4%)

Exited Positions (3)

StoneX Group Inc.

Value ($000) $3 Shares 16,045

Value ($000) $0 Shares 697

Virtu Financial LLC

Value ($000) $0 Shares 14,087

Institution	Prev Shares	Prev Value ($000)
StoneX Group Inc.	16,045	$3
MORGAN STANLEY	697	$0
Virtu Financial LLC	14,087	$0