Form 4: QuantumScape CFO Sells Shares Under 10b5-1 Plan

QuantumScape's Chief Financial Officer, Kevin Hettrich, sold a portion of his Class A Common Stock holdings on November 21, 2025, pursuant to a pre-arranged trading plan.

Summary

• QuantumScape's Chief Financial Officer, Kevin Hettrich, reported the sale of 9,800 shares of Class A Common Stock.
• The transactions occurred on November 21, 2025, and were executed under a Rule 10b5-1 trading plan adopted on June 11, 2025.
• The shares were sold in two separate transactions: 9,559 shares at a weighted average price of $11.2837 and 241 shares at a weighted average price of $11.6549.
• Following these sales, Kevin Hettrich beneficially owns 1,502,238 shares of Class A Common Stock.
• This beneficial ownership includes 1,110,707 shares represented by restricted stock units (RSUs) and performance restricted stock units (PSUs), which vest upon continued service and achievement of performance milestones.

Sentiment

Score: 4

Explanation: The Chief Financial Officer's sale of shares, while executed under a pre-arranged 10b5-1 plan, can be perceived as a minor negative signal by some investors. However, the amount sold is a small fraction of his total beneficial ownership, which includes a significant number of restricted stock units and performance stock units, indicating continued alignment with shareholder interests.

Positives

• The sale was executed pursuant to a Rule 10b5-1 trading plan, adopted on June 11, 2025, which indicates a pre-scheduled transaction rather than a reaction to immediate news, providing transparency and reducing the perception of opportunistic selling.
• The reporting person retains a significant beneficial ownership of 1,502,238 shares, including a substantial portion in RSUs and PSUs, aligning his interests with long-term shareholder value.

Negatives

• Chief Financial Officer Kevin Hettrich sold 9,800 shares of Class A Common Stock, which could be perceived as a minor negative signal by some investors, despite being part of a pre-arranged plan.

Stakeholder Impact

• Shareholders might interpret the insider sale as a minor negative signal, though the pre-planned nature and continued significant holdings by the CFO mitigate this concern.

Key Dates

Keywords

QuantumScape, QS, insider trading, Form 4, stock sale, CFO, Kevin Hettrich, 10b5-1 plan, Class A Common Stock