Form 4: QuantumScape Executive Sells Shares on the Open Market

Michael O. McCarthy III, Chief Legal Officer of QuantumScape, reports selling shares of Class A Common Stock in two transactions on March 4th and 5th, 2024.

Summary

• On March 4, 2024, Michael O. McCarthy III, the Chief Legal Officer of QuantumScape Corp, sold 9,936 shares of Class A Common Stock at a weighted average price of $6.1493.
• The shares were sold in multiple transactions with prices ranging from $6.1282 to $6.17.
• On March 5, 2024, McCarthy sold an additional 9,937 shares of Class A Common Stock at a weighted average price of $6.0019.
• These shares were sold in multiple transactions with prices ranging from $6.00 to $6.005.
• Following these transactions, McCarthy still beneficially owns 711,756 shares, which includes 524,988 shares represented by restricted stock units (RSUs) and performance restricted stock units (PSUs).

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock sales by an executive, which is neutral in sentiment.

Industry Context

This Form 4 filing is a routine disclosure of stock transactions by a company insider and doesn't necessarily indicate a change in the company's prospects or management's confidence.

Stakeholder Impact

• The stock sale by a company executive could be perceived negatively by some shareholders, although it is a common occurrence.

Key Dates