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

QuantumScape's CEO, Srinivasan Sivaram, sold shares of Class A Common Stock to cover tax obligations related to the release of restricted stock units (RSUs) and performance restricted stock units (PSUs).

Summary

• On February 19, 2025, Srinivasan Sivaram, CEO of QuantumScape Corp, sold 305,983 shares of Class A Common Stock at a weighted average price of $5.2685.
• The shares were sold in multiple transactions with prices ranging from $5.20 to $5.45.
• On February 20, 2025, Sivaram sold an additional 66,560 shares of Class A Common Stock at a weighted average price of $5.1215.
• These shares were sold in multiple transactions with prices ranging from $5.0531 to $5.21.
• Following these transactions, Sivaram directly owns 2,859,319 shares of Class A Common Stock, which includes 2,362,831 shares represented by RSUs and PSUs.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction (selling shares to cover tax obligations) and doesn't contain any overtly positive or negative information about the company's performance or future prospects. Therefore, the sentiment is neutral.

Industry Context

Sales of shares to cover tax obligations after vesting of stock-based compensation are a routine part of executive compensation and are not necessarily indicative of the executive's view of the company's future prospects.

Stakeholder Impact

• The sale of shares by the CEO could have a minor, temporary impact on the stock price.

Key Dates

Keywords

QuantumScape, Srinivasan Sivaram, Class A Common Stock, SEC Form 4, Share Sale, RSUs, PSUs, Tax Obligations, Insider Trading