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

QuantumScape's Chief Financial Officer, Kevin Hettrich, has sold a portion of his holdings in the company through a pre-arranged trading plan.

Summary

• Kevin Hettrich, Chief Financial Officer of QuantumScape Corporation, reported a sale of 9,800 shares of Class A Common Stock on June 22, 2026.
• The sale was executed as part of a Rule 10b5-1 trading plan adopted on June 11, 2025.
• The shares were sold at a weighted average price of $7.9399, with individual transactions ranging from $7.585 to $8.435.
• Following the sale, Hettrich beneficially owns 1,826,057 shares.
• This total includes 1,955 shares acquired through the company's Employee Stock Purchase Plan and 1,356,436 shares represented by restricted stock units (RSUs) and performance restricted stock units (PSUs).

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a slightly negative sentiment due to the sale of shares by a key executive, despite the transaction being conducted under a pre-arranged 10b5-1 plan.

Positives

• The sale was conducted under a Rule 10b5-1 trading plan, which is designed to provide an affirmative defense against allegations of insider trading.
• The reporting person continues to hold a significant number of shares (1,826,057) after the transaction.
• The holdings include shares acquired through the Employee Stock Purchase Plan and RSUs/PSUs, indicating ongoing participation in company equity programs.

Negatives

• The Chief Financial Officer sold a portion of their stock holdings, which could be perceived negatively by the market.
• The sale occurred at prices below the current market price, depending on the prevailing stock price at the time of the filing.

Risks

• The sale of shares by a key executive could signal a lack of confidence in the company's immediate future prospects, although the 10b5-1 plan mitigates this interpretation.
• The value of the remaining holdings is subject to the volatility of QuantumScape's stock price.

Future Outlook

The filing does not contain forward-looking statements or guidance regarding future financial performance. It solely reports a transaction by an insider.

Industry Context

StockSavvy.ai notes that insider sales, even under a 10b5-1 plan, are closely watched by investors. While these plans are designed to facilitate diversification and liquidity for executives, they can still influence market perception, especially for growth-oriented companies like QuantumScape in the competitive battery technology sector.

Stakeholder Impact

• Shareholders: May interpret the sale as a signal, though the 10b5-1 plan provides a mitigating context.
• Employees: The sale by a senior executive might affect morale, but the ongoing equity holdings and ESPP participation suggest continued commitment.
• Creditors/Suppliers: No direct impact is indicated by this transaction.

Next Steps

• The reporting person may continue to execute trades under the Rule 10b5-1 plan.
• Future Form 4 filings will report any further changes in beneficial ownership.

Key Dates

Keywords

QuantumScape, QS, Form 4, Insider Trading, 10b5-1 Plan, Stock Sale, Kevin Hettrich, CFO, Class A Common Stock, RSU, PSU