Form 4: QuantumScape Executive Sells Shares to Cover Tax Obligations

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

Summary

• On May 16, 2025, Michael O. McCarthy III, the Chief Legal Officer of QuantumScape Corp, sold shares of Class A Common Stock.
• The sale was executed to cover tax obligations arising from the release of restricted stock units (RSUs) and performance restricted stock units (PSUs).
• A total of 1,666,472 shares of Class A Common Stock are beneficially owned following the reported transaction.
• The shares were sold at a weighted average price of $4.5516.
• The prices ranged from $4.24 to $4.7923.
• The reporting person undertakes to provide full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.
• The total includes 1,287,596 shares represented by RSUs and PSUs.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a routine transaction. It doesn't indicate positive or negative sentiment about the company's prospects.

Industry Context

This is a routine disclosure related to insider transactions. It is common for executives to sell shares to cover tax obligations when equity compensation vests.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates

Keywords

QuantumScape, QS, Michael O. McCarthy III, Form 4, insider trading, stock sale, tax obligations, RSU, PSU, Class A Common Stock