Form 4: QuantumScape CLO Reports RSU Grant, Tax-Related Stock Sale

QuantumScape's Chief Legal Officer, Michael O. McCarthy III, reported the grant of 42,025 restricted stock units and a subsequent sale of 18,393 shares to cover tax obligations.

Summary

• Michael O. McCarthy III, Chief Legal Officer of QuantumScape Corp (QS), reported transactions involving Class A Common Stock.
• On February 24, 2026, 42,025 restricted stock units (RSUs) were granted as a final bonus payout under the Issuer's 2025 Annual Bonus Plan.
• These RSUs represent the right to receive one share of Class A Common Stock each and vested 100% on the award grant date.
• On February 25, 2026, 18,393 shares of Class A Common Stock were disposed of at a weighted average price of $7.0488 per share.
• The sale was conducted to cover tax obligations related to the RSU vesting.
• The shares were sold in multiple transactions ranging from $6.98 to $7.16.
• Following these transactions, direct beneficial ownership stands at 1,029,219 shares, which includes 862,821 shares represented by RSUs and performance restricted stock units (PSUs) that vest quarterly or upon performance milestones.
• Indirect beneficial ownership through a trust remains at 137,888 shares.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive event, reflecting standard executive compensation and a bonus payout, with the subsequent tax-related sale being a routine occurrence that does not indicate negative sentiment from the insider.

Positives

• The grant of 42,025 restricted stock units (RSUs) to the Chief Legal Officer indicates a bonus payout under the company's 2025 Annual Bonus Plan, reflecting compensation for performance.
• The RSUs vested 100% on the grant date, providing immediate ownership to the reporting person.

Negatives

• A sale of 18,393 shares of Class A Common Stock occurred to cover tax obligations, resulting in a reduction of the Chief Legal Officer's direct beneficial ownership.

Future Outlook

The remaining 862,821 shares held directly by the reporting person, represented by RSUs and PSUs, are subject to future vesting each quarter or upon achievement of certain performance milestones, contingent on continued service.

Management Comments

• Michael O. McCarthy, III (Chief Legal Officer)

Industry Context

StockSavvy.ai notes that Form 4 filings, detailing insider transactions like RSU grants and tax-related stock sales, are routine disclosures for publicly traded companies. These transactions typically reflect executive compensation structures and personal financial planning rather than broader industry trends or strategic shifts.

Stakeholder Impact

• Shareholders: The transaction represents a routine insider compensation event and a tax-related sale, which is unlikely to have a significant direct impact on the broader shareholder base or company valuation.

Next Steps

• Continued vesting of remaining RSUs and PSUs held by the reporting person on a quarterly basis or upon achievement of performance milestones.

Key Dates

Keywords

QuantumScape, QS, Form 4, Restricted Stock Units, RSU, Insider Transaction, Stock Sale, Executive Compensation, Beneficial Ownership