Form 4: QuantumScape CLO Sells Shares for Tax Obligations

QuantumScape's Chief Legal Officer, Michael O. McCarthy III, sold 59,866 shares of Class A Common Stock on November 18, 2025, to cover tax obligations related to restricted stock unit and performance stock unit releases.

Summary

• Michael O. McCarthy III, QuantumScape Corporation's Chief Legal Officer, reported changes in his beneficial ownership of Class A Common Stock.
• On November 18, 2025, Mr. McCarthy disposed of a total of 59,866 shares of Class A Common Stock.
• The first transaction involved the sale of 59,108 shares at a weighted average price of $13.0416 per share, with prices ranging from $12.44 to $13.44.
• The second transaction involved the sale of 758 shares at a weighted average price of $13.4609 per share, with prices ranging from $13.45 to $13.48.
• These sales were conducted to cover tax obligations arising from the release of restricted stock units (RSUs) and performance restricted stock units (PSUs).
• Following these transactions, Mr. McCarthy directly beneficially owns 1,157,929 shares of Class A Common Stock, which includes 1,081,514 shares represented by RSUs and PSUs.
• He also indirectly beneficially owns 137,888 shares of Class A Common Stock through a trust, for which he is the grantor.

Sentiment

Score: 5

Explanation: The transaction is a routine sale to cover tax obligations upon the vesting of restricted stock units and performance stock units, which is a common practice for executives and does not inherently indicate a positive or negative outlook on the company.

Future Outlook

The filing does not contain any forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure of an insider transaction, common across all industries, and does not provide specific insights into broader industry trends or competitive landscape for QuantumScape.

Related Party Transactions

• Michael O. McCarthy III indirectly owns 137,888 shares of Class A Common Stock through a trust for which he is the grantor.

Stakeholder Impact

• Shareholders: The sale represents a minor dilution of outstanding shares but is a routine event for executive compensation and is unlikely to have a significant impact on the company's valuation or share price.
• Employees: No direct impact on employees is indicated by this filing.

Key Dates

Recommendation

The filing details a routine sale of shares by a company officer to cover tax obligations associated with the vesting of equity awards. This type of transaction is a common practice and does not typically signal a change in the company's fundamentals or future prospects. Therefore, it does not warrant a change in investment recommendation based solely on this filing.

Keywords

QuantumScape, QS, Form 4, Insider Transaction, Stock Sale, Executive Compensation, RSU, PSU, Tax Obligations