Form 4: QuantumScape CEO Sivaram Sells Shares to Cover Tax Obligations

QuantumScape CEO Sivaram Srinivasan sold shares of Class A Common Stock on May 16, 2025, to cover tax obligations related to the release of restricted stock units and performance restricted stock units.

Summary

• On May 16, 2025, QuantumScape CEO Sivaram Srinivasan sold 143,073 shares of Class A Common Stock.
• The sale was executed to cover tax obligations arising from the release of restricted stock units (RSUs) and performance restricted stock units (PSUs).
• The shares were sold at a weighted average price of $4.5516, with individual transactions ranging from $4.24 to $4.7923.
• Following the transaction, Srinivasan beneficially owns 4,697,224 shares, including 3,956,550 shares represented by RSUs and PSUs.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (stock sale for tax purposes) and doesn't inherently indicate positive or negative sentiment. It's a neutral event.

Industry Context

Executive stock sales are a common occurrence, often related to compensation and tax planning. The impact on the stock price depends on the size of the sale relative to the executive's holdings and overall market sentiment.

Stakeholder Impact

• The sale of shares could have a minor impact on shareholders, potentially causing a slight decrease in stock price due to increased supply, but this is likely to be minimal given the context of tax obligations.

Key Dates

Keywords

QuantumScape, QS, Sivaram Srinivasan, CEO, stock sale, Form 4, RSU, PSU, tax obligations, beneficial ownership