QS.NASDAQQuantumscape CORP

Form 4: QuantumScape Corp: Chief Legal Officer Michael O. McCarthy, III Reports Stock Sales to Cover Tax Obligations

Sentiment:

SEC Form 4

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Michael O. McCarthy, III, Chief Legal Officer of QuantumScape Corp, reports selling shares of Class A Common Stock to cover tax obligations related to the release of restricted stock units and performance restricted stock units.

Summary

  • On February 19, 2025, Michael O. McCarthy, III, Chief Legal Officer of QuantumScape Corp, sold 35,557 shares of Class A Common Stock at a price of $5.2685.
  • On February 20, 2025, McCarthy sold 7,325 shares of Class A Common Stock at a weighted average price of $5.1215.
  • On February 21, 2025, McCarthy sold 76,315 shares of Class A Common Stock at a weighted average price of $5.2312.
  • These transactions were executed to cover tax obligations related to the vesting of restricted stock units (RSUs) and performance stock units (PSUs).
  • Following these transactions, McCarthy directly owns 1,010,523 shares of Class A Common Stock, which includes 749,716 shares represented by RSUs and PSUs.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating routine stock sales for tax purposes. It doesn't convey strong positive or negative sentiment.

Industry Context

This is a routine disclosure related to stock transactions by a company insider and doesn't necessarily reflect a broader industry trend.

Stakeholder Impact

  • The stock sales may have a minor, temporary impact on the stock price.

Key Dates

DateDescription
12/02/2024Includes 553 shares acquired under the Issuer's Employee Stock Purchase Plan.
02/19/2025Sale of 35,557 shares of Class A Common Stock.
02/20/2025Sale of 7,325 shares of Class A Common Stock.
02/21/2025Sale of 76,315 shares of Class A Common Stock.

Keywords

Form 4, QuantumScape Corp, QS, Michael O. McCarthy III, Chief Legal Officer, Stock Sale, Restricted Stock Units, Performance Stock Units, Tax Obligations, Beneficial Ownership

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