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

QuantumScape's Chief Financial Officer, Kevin Hettrich, has sold 9,800 shares of Class A Common Stock for approximately $6.20 per share, as part of a pre-arranged trading plan.

Summary

• Kevin Hettrich, Chief Financial Officer of QuantumScape Corporation, reported a transaction on April 2, 2026.
• He sold 9,800 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $6.20 per share, with individual sales ranging from $6.015 to $6.345.
• This transaction was made under a Rule 10b5-1 trading plan adopted on June 11, 2025.
• Following the sale, Hettrich beneficially owns 1,357,918 shares of Class A Common Stock, which includes 893,176 shares represented by restricted stock units (RSUs) and performance restricted stock units (PSUs).

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. While an insider sale can be perceived negatively, the transaction was conducted under a pre-arranged 10b5-1 plan, mitigating concerns about opportunistic selling.

Negatives

• The Chief Financial Officer sold a portion of his holdings.

Risks

• The sale was conducted under a Rule 10b5-1 plan, which is designed to mitigate insider trading concerns, but any sale by a key executive can be perceived negatively by the market.
• The value of the remaining shares held by the CFO, including RSUs and PSUs, is subject to the company's future performance and market conditions.

Future Outlook

The filing does not contain forward-looking statements or guidance. It is a report of a past transaction.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions. The use of a Rule 10b5-1 plan by QuantumScape's CFO indicates a structured approach to managing personal stock sales, which is common practice to avoid potential insider trading allegations, especially in volatile sectors like battery technology.

Stakeholder Impact

• Shareholders: The sale may be perceived as a negative signal, although the 10b5-1 plan mitigates concerns about insider knowledge. The remaining significant holding by the CFO suggests continued commitment.
• Employees: The transaction is unlikely to have a direct impact on employees, but market perception of the company's stock can influence morale.
• Creditors/Suppliers: No direct impact is expected as the transaction relates to equity ownership.

Next Steps

• The reporting person will continue to hold the remaining 1,357,918 shares of Class A Common Stock.
• The RSUs and PSUs held by the reporting person are subject to vesting conditions based on continued service and performance milestones.

Key Dates

Keywords

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