Form 4: QuantumScape Director Jeffrey B. Straubel Receives Stock Grant

Director Jeffrey B. Straubel receives a grant of restricted stock units (RSUs) from QuantumScape Corporation.

Summary

• On June 11, 2024, Jeffrey B. Straubel, a director of QuantumScape Corp, was granted restricted stock units (RSUs) as an annual award under the company's Outside Director Compensation Policy.
• The grant consists of 34,423 RSUs, each representing the right to receive one share of Class A Common Stock.
• These RSUs vest on the earlier of June 11, 2025, or the day before the next annual meeting of stockholders, contingent upon Straubel's continued service as a director.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a standard compensation practice, indicating confidence in the director's continued service and the company's future.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders, incentivizing continued service and contribution to the company's success.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the RSUs.

Industry Context

Grants of stock options and restricted stock units are a common practice for compensating directors of publicly traded companies, aligning their interests with those of shareholders.

Comparison to Industry Standards

• Director compensation packages vary widely across the industry, depending on company size, performance, and board responsibilities.
• Companies like Tesla, Apple, and Google also use stock-based compensation to incentivize their directors.
• The value of the RSU grant is dependent on QuantumScape's stock price performance.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it aligns the director's interests with the company's long-term success.
• The grant has no immediate impact on employees, customers, suppliers, or creditors.

Next Steps

• Straubel will continue to serve as a director.
• The RSUs will vest according to the specified schedule.

Key Dates