Form 4: QuantumScape CFO Sells Shares to Cover Tax Obligations

QuantumScape's CFO, Kevin Hettrich, sold shares of Class A Common Stock to cover tax obligations related to the vesting of restricted stock units and performance restricted stock units.

Summary

• On May 16, 2025, Kevin Hettrich, the CFO of QuantumScape Corp, sold shares of Class A Common Stock.
• The transaction was executed to cover tax obligations arising from the release of restricted stock units (RSUs) and performance restricted stock units (PSUs).
• A total of 74,542 shares were sold at a weighted average price of $4.5516.
• The prices ranged from $4.24 to $4.7923.
• Following the transaction, Hettrich still beneficially owns 1,541,019 shares, which includes 1,332,595 shares represented by RSUs and PSUs.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (stock sale for tax purposes) by an executive, which is neither particularly positive nor negative for the company's outlook.

Industry Context

Executive stock sales are a common occurrence, often related to compensation and tax planning. The sale itself doesn't necessarily indicate a negative outlook for the company, but it's something investors often monitor.

Stakeholder Impact

• The stock sale may have a minor, temporary impact on shareholders due to the increased supply of shares in the market.

Key Dates

Keywords

QuantumScape, QS, Kevin Hettrich, CFO, Form 4, Stock Sale, Tax Obligations, RSU, PSU, Beneficial Ownership