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

QuantumScape Corporation's Chief Financial Officer, Kevin Hettrich, has sold a portion of his holdings in Class A Common Stock 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 July 2, 2026.
• The sale was executed under a Rule 10b5-1 trading plan adopted on June 11, 2025, which is designed to comply with affirmative defense conditions.
• The shares were sold at a weighted average price of $7.2818, with individual transactions ranging from $6.985 to $7.785.
• Following the transaction, Hettrich beneficially owns 1,816,257 shares of Class A Common Stock.
• This ownership includes 1,356,436 shares represented by restricted stock units (RSUs) and performance restricted stock units (PSUs).

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The sale was conducted under a pre-established 10b5-1 plan, which is a standard and compliant method for insider stock transactions, and the CFO retains a substantial number of shares.

Positives

• The transaction was conducted under a Rule 10b5-1 plan, indicating adherence to established trading policies and potentially mitigating insider trading concerns.
• The reporting person continues to hold a significant number of shares (1,816,257), suggesting ongoing commitment to the company.

Negatives

• The CFO sold a portion of his stock, which could be perceived negatively by the market, although it was part of a pre-planned strategy.

Risks

• The sale of shares by a key executive, even under a 10b5-1 plan, could be interpreted as a lack of confidence by some investors.
• The specific performance milestones for PSUs are not detailed, introducing uncertainty regarding the vesting of a significant portion of the reported shares.

Future Outlook

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

Management Comments

• The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 11, 2025.
• The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.

Industry Context

StockSavvy.ai notes that insider sales, particularly by CFOs, are common and often executed under pre-arranged 10b5-1 plans to diversify holdings or manage personal finances. The context of QuantumScape's industry, which is focused on advanced battery technology, means that such transactions are closely watched for any indication of executive sentiment.

Stakeholder Impact

• Shareholders: May interpret the sale as a minor negative signal, but the 10b5-1 plan context mitigates significant concern. Continued substantial ownership by the CFO is a positive indicator.
• Employees: The transaction is unlikely to have a direct impact on employees, though it is part of the broader executive compensation and stock ownership landscape.
• Creditors/Suppliers: No direct impact expected as the filing pertains to equity transactions by an executive.

Next Steps

• The reporting person will continue to hold shares represented by RSUs and PSUs, subject to vesting conditions.
• The reporting person may continue to execute trades under the Rule 10b5-1 plan in the future.

Key Dates

Keywords

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