Form 4: QuantumScape Corp Executive Sells Shares

Michael O. McCarthy III, Chief Legal Officer of QuantumScape Corp, sold 22,554 shares of Class A Common Stock at an average price of $5.7168 on May 21, 2024.

Summary

• On May 21, 2024, Michael O. McCarthy III, the Chief Legal Officer of QuantumScape Corp, sold 22,554 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $5.7168 per share, with individual transactions ranging from $5.66 to $5.81.
• Following the reported transaction, McCarthy beneficially owns 1,207,500 shares, which includes 1,020,732 shares represented by restricted stock units (RSUs) and performance restricted stock units (PSUs).
• The RSUs vest each quarter, and the PSUs vest upon achievement of certain performance milestones, contingent upon continued service.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a stock sale by an executive. It doesn't inherently convey positive or negative sentiment, but rather reports a transaction.

Stakeholder Impact

• The stock sale by a high-ranking officer could be perceived negatively by shareholders, potentially leading to concerns about the company's future prospects, although it could also be a routine portfolio diversification strategy.

Key Dates