Form 4: QuantumScape CEO Transfers Shares to Family Trusts

QuantumScape CEO Srinivasan Sivaram transferred 450,000 Class A Common Stock shares to family trusts as a gift, maintaining indirect beneficial ownership.

Summary

• Srinivasan Sivaram, Chief Executive Officer and Director of QuantumScape Corp (QS), reported a change in beneficial ownership.
• On July 16, 2025, Mr. Sivaram gifted 450,000 shares of Class A Common Stock to trusts for no consideration.
• Following the transaction, Mr. Sivaram directly beneficially owns 4,247,224 shares of Class A Common Stock.
• This direct ownership includes 3,956,550 shares represented by restricted stock units (RSUs) and performance restricted stock units (PSUs), which vest quarterly or upon achievement of certain performance milestones, subject to continued service.
• Mr. Sivaram is a Co-Trustee of the recipient trusts, and his family members are beneficiaries, indicating continued indirect beneficial ownership of the gifted shares.

Sentiment

Score: 5

Explanation: The transaction is a gift transfer to family trusts, which is a neutral event from an operational perspective, typically related to personal estate planning rather than a reflection of company performance or outlook.

Positives

• The transaction represents a gift transfer to family trusts, which is typically a sign of long-term estate planning rather than a sale for liquidity.
• The CEO maintains significant direct beneficial ownership, including a large number of RSUs and PSUs, aligning his interests with long-term company performance.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This Form 4 filing is specific to an insider's stock ownership changes and does not provide information relevant to broader industry trends or competitor analysis.

Related Party Transactions

• Gift transfer of 450,000 Class A Common Stock shares from CEO Srinivasan Sivaram to trusts where he is a Co-Trustee and his family members are beneficiaries.

Stakeholder Impact

• Shareholders: Minimal direct impact on company operations or financial health; primarily an internal estate planning matter for the CEO.
• Employees, Customers, Suppliers, Creditors: No direct impact indicated by this filing.

Next Steps

• Continued vesting of 3,956,550 Restricted Stock Units (RSUs) and Performance Restricted Stock Units (PSUs) held by the CEO, subject to continued service and performance milestones.

Key Dates

Keywords

QuantumScape, QS, Srinivasan Sivaram, SEC Form 4, Insider Transaction, Stock Ownership, Gift Transfer, Trusts, Class A Common Stock, Restricted Stock Units, Performance Stock Units