Kevin Hettrich - 16 Nov 2023 Form 4 Insider Report for QuantumScape Corp (QS)

Role
Chief Financial Officer
Signature
/s/ Michael O. McCarthy III, attorney-in-fact
Issuer symbol
QS
Transactions as of
16 Nov 2023
Net transactions value
-$359,233
Form type
4
Filing time
20 Nov 2023, 18:30:34 UTC
Previous filing
06 Oct 2023
Next filing
18 Dec 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QS Class A Common Stock Tax liability $73,829 -12,526 -2.1% $5.89 593,561 16 Nov 2023 Direct F1, F2
transaction QS Class A Common Stock Tax liability $51,779 -8,751 -1.5% $5.92 584,810 17 Nov 2023 Direct F1, F3
transaction QS Class A Common Stock Options Exercise $45,861 +34,607 +5.9% $1.33* 619,417 20 Nov 2023 Direct F4
transaction QS Class A Common Stock Sale $279,486 -45,981 -7.4% $6.08 573,436 20 Nov 2023 Direct F4, F5, F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction QS Stock Option (right to buy) Options Exercise $0 -34,607 -12% $0.000000 261,849 20 Nov 2023 Class A Common Stock 34,607 $1.33 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents a sale to cover tax obligations on the release of restricted stock units ("RSUs").
F2 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.83 to $6.14, 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.
F3 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.81 to $6.0105, 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.
F4 The exercises and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 14, 2023.
F5 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.95 to $6.205, 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.
F6 Includes 561,086 shares represented by RSUs. Each RSU represents the Reporting Person's right to receive one share of Class A Common Stock of the Issuer. A portion of the RSUs vest each quarter, subject to the Reporting Person's continued service as of each vesting date.