Form 4: QuantumScape CFO Reports Stock Sales and RSU Grant

QuantumScape's CFO, Kevin Hettrich, reported sales of Class A Common Stock under a 10b5-1 plan and for tax obligations, alongside the acquisition of restricted stock units as a bonus.

Summary

• Kevin Hettrich, Chief Financial Officer of QuantumScape Corp (QS), reported several transactions involving Class A Common Stock.
• On February 23, 2026, Hettrich sold 9,800 shares at a weighted average price of $6.7565 per share, as part of a pre-arranged Rule 10b5-1 trading plan adopted on June 11, 2025.
• On February 24, 2026, Hettrich acquired 41,229 restricted stock units (RSUs) at a price of $0.00 per share. These RSUs were granted as a final bonus payout under the Issuer's 2025 Annual Bonus Plan and vested 100% on the grant date.
• On February 25, 2026, Hettrich sold 21,790 shares at a weighted average price of $7.0488 per share to cover tax obligations arising from the RSU vesting.
• Following these transactions, Hettrich beneficially owns 1,377,518 shares of Class A Common Stock, which includes 893,176 shares represented by unvested RSUs and performance restricted stock units (PSUs).

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. It details routine insider transactions, including pre-planned sales and tax-related sales, alongside a bonus RSU grant, which are common occurrences for executives.

Positives

• The Chief Financial Officer received a grant of 41,229 restricted stock units (RSUs) as a final bonus payout under the company's 2025 Annual Bonus Plan, indicating continued compensation and retention of key management.

Negatives

• The Chief Financial Officer sold 9,800 shares of Class A Common Stock under a Rule 10b5-1 trading plan.
• An additional 21,790 shares were sold to cover tax obligations related to the RSU vesting.

Future Outlook

The filing indicates ongoing vesting of 893,176 shares represented by RSUs and PSUs, with RSUs vesting quarterly and PSUs vesting upon achievement of certain performance milestones, subject to continued service.

Industry Context

StockSavvy.ai notes that Form 4 filings are routine disclosures of insider transactions and do not typically provide broader industry context. These transactions reflect individual executive compensation and personal financial planning rather than company-wide strategic shifts or industry trends.

Corporate Governance

Stakeholder Impact

• Shareholders: The transactions represent routine insider activity and compensation, which is generally expected. The sales are relatively small in the context of the company's market capitalization and the CFO's total holdings.
• Employees: The RSU grant to the CFO as part of the 2025 Annual Bonus Plan indicates the company's compensation structure for eligible employees.

Next Steps

• Continued vesting of 893,176 shares represented by RSUs and PSUs, with RSUs vesting quarterly and PSUs vesting upon achievement of certain performance milestones.

Key Dates

Keywords

QuantumScape, QS, Form 4, Insider Trading, Stock Sale, RSU, CFO, Executive Compensation, 10b5-1 Plan