Form 4: QuantumScape CFO Kevin Hettrich Executes Stock Transactions to Cover Tax Obligations and Under 10b5-1 Plan

QuantumScape's CFO, Kevin Hettrich, reported multiple transactions involving Class A Common Stock, including sales to cover tax obligations and exercises/sales under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Kevin Hettrich, the CFO of QuantumScape Corp, reported transactions involving Class A Common Stock.
• On February 19, 2025, he sold 61,911 shares at an average price of $5.2685 to cover tax obligations related to the release of restricted stock units (RSUs) and performance restricted stock units (PSUs).
• On February 20, 2025, he sold 12,246 shares at an average price of $5.1215, also to cover tax obligations.
• On February 21, 2025, he exercised options for 34,607 shares at a price of $2.377 per share and sold 53,975 shares at an average price of $5.2271.
• These exercises and sales were executed under a Rule 10b5-1 trading plan adopted on June 6, 2024.
• Following these transactions, Hettrich beneficially owns 930,800 shares of Class A Common Stock, including 820,318 shares represented by RSUs and PSUs.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment about the company's prospects.

Industry Context

This Form 4 filing is a routine disclosure of stock transactions by a company insider. It is common for executives to sell shares to cover tax obligations related to equity compensation and to utilize Rule 10b5-1 trading plans to avoid accusations of insider trading.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall impact is likely minimal as these are routine transactions.
• The transactions do not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

QuantumScape, CFO, Kevin Hettrich, Form 4, Stock Transactions, Rule 10b5-1, RSUs, PSUs, Beneficial Ownership