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

QuantumScape CEO Sivaram Sivaraman sold shares of Class A Common Stock on May 16 and 17, 2024, to cover tax obligations related to the release of restricted stock units.

Summary

• On May 16, 2024, Srinivasan Sivaram, the CEO of QuantumScape Corp, sold 10,276 shares of Class A Common Stock at a weighted average price of $5.8232.
• The shares were sold in multiple transactions with prices ranging from $5.78 to $6.01.
• On May 17, 2024, the CEO sold 11,729 shares of Class A Common Stock at a weighted average price of $5.643.
• These shares were sold in multiple transactions with prices ranging from $5.55 to $5.79.
• The sales were executed to cover tax obligations on the release of restricted stock units (RSUs).
• Following these transactions, the CEO beneficially owns 3,361,371 shares of Class A Common Stock, including 3,292,417 shares represented by RSUs and performance restricted stock units (PSUs).

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating routine stock sales for tax purposes. It doesn't inherently convey positive or negative sentiment.

Industry Context

Executive stock sales are a common occurrence, often related to personal financial planning or tax obligations. The impact on the stock price can vary depending on the size of the sale and investor sentiment.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders, potentially causing a slight decrease in stock price due to increased supply.

Key Dates