Form 4: QuantumScape CFO Sells Shares for Tax Obligations

QuantumScape's Chief Financial Officer, Kevin Hettrich, sold a total of 79,429 Class A Common Stock shares to cover tax obligations related to RSU and PSU vesting.

Summary

• Kevin Hettrich, Chief Financial Officer of QuantumScape Corp (QS), reported transactions involving Class A Common Stock.
• On November 18, 2025, Hettrich disposed of 78,424 shares at a weighted average price of $13.0416 per share, with prices ranging from $12.44 to $13.44.
• On the same date, an additional 1,005 shares were disposed of at a weighted average price of $13.4609 per share, with prices ranging from $13.45 to $13.48.
• These sales were made to cover tax obligations arising from the release of restricted stock units (RSUs) and performance restricted stock units (PSUs).
• Following these transactions, Hettrich beneficially owns 1,512,038 shares of Class A Common Stock.
• The remaining beneficial ownership includes 1,110,707 shares represented by RSUs and PSUs, which vest quarterly or upon achievement of performance milestones, subject to continued service.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction for tax purposes, which is a neutral event and does not inherently indicate positive or negative sentiment about the company's performance or prospects.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing reports a routine insider transaction for tax purposes, which is a common occurrence for executives receiving equity compensation. It does not provide information directly related to broader industry trends or competitive positioning within the electric vehicle battery sector.

Stakeholder Impact

• Shareholders: The sale represents a minor reduction in the CFO's direct holdings, but is a common practice for covering tax liabilities on vested equity awards and is unlikely to have a significant impact on shareholder confidence or the company's operational strategy.

Key Dates

Keywords

QuantumScape, QS, Form 4, Insider Transaction, Stock Sale, CFO, RSU, PSU, Tax Obligations