Form 4: QuantumScape CEO Sells Shares for Tax Obligations

QuantumScape CEO Srinivasan Sivaram reported the sale of Class A Common Stock to cover tax obligations related to restricted stock units and performance restricted stock units.

Summary

• Srinivasan Sivaram, QuantumScape's Chief Executive Officer and Director, reported transactions involving the sale of Class A Common Stock.
• On November 18, 2025, Mr. Sivaram disposed of 255,403 shares of Class A Common Stock at a weighted average price of $13.0416 per share.
• These shares were sold in multiple transactions ranging from $12.44 to $13.44, inclusive, to cover tax obligations on the release of restricted stock units (RSUs) and performance restricted stock units (PSUs).
• Additionally, on November 18, 2025, Mr. Sivaram disposed of 3,274 shares of Class A Common Stock at a weighted average price of $13.4609 per share.
• These shares were sold in multiple transactions ranging from $13.45 to $13.48, inclusive, also to cover tax obligations on the release of RSUs and PSUs.
• Following these transactions, Mr. Sivaram directly beneficially owns 3,874,023 shares of Class A Common Stock, which includes 3,319,260 shares represented by RSUs and PSUs.
• Each RSU/PSU represents the right to receive one share of Class A Common Stock, with RSUs vesting quarterly and PSUs vesting upon achievement of performance milestones, both subject to continued service.
• Mr. Sivaram also indirectly beneficially owns 360,000 shares through trusts, where he is a Co-Trustee and his family members are beneficiaries.

Sentiment

Score: 5

Explanation: The transaction is a routine sale by an executive to cover tax obligations associated with equity compensation, which is a common and expected event and does not inherently indicate a positive or negative outlook on the company's future.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Minimal direct impact on shareholders as it's a routine tax-related sale by an executive, not a discretionary divestment indicating a change in confidence.

Key Dates

Recommendation

The reported transaction is a standard sale of shares by the CEO to satisfy tax withholding obligations upon the vesting of equity awards. Such transactions are common for executives and do not typically reflect a change in management's confidence or the company's operational performance. Therefore, it does not warrant a change in investment recommendation based solely on this filing.

Keywords

QuantumScape, QS, Srinivasan Sivaram, Insider Transaction, Form 4, Stock Sale, Tax Obligations, Restricted Stock Units, Performance Stock Units, CEO