Form 4: QuantumScape Executive Sells Shares to Cover Tax Obligations After RSU Grant

Michael O. McCarthy III, Chief Legal Officer of QuantumScape, reports the acquisition of shares through restricted stock units (RSUs) and subsequent sales to cover tax obligations.

Summary

• Michael O. McCarthy III, Chief Legal Officer of QuantumScape, reported transactions involving Class A Common Stock.
• He acquired shares through a grant of restricted stock units (RSUs) as part of the 2024 Annual Bonus Plan on February 28, 2025.
• Following the RSU grant, McCarthy sold shares on March 3, 2025, and March 4, 2025, to cover tax obligations.
• The sales were executed at weighted average prices of $4.5267 and $4.1029, respectively.
• After these transactions, McCarthy beneficially owns 1,047,475 shares of Class A Common Stock, including shares represented by RSUs and performance restricted stock units (PSUs).

Sentiment

Score: 5

Explanation: The document primarily reports routine stock transactions by an executive. It doesn't contain information that would significantly sway investor sentiment positively or negatively.

Positives

• The RSU grant to employees could be seen as a positive incentive and reward mechanism.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies. They can be driven by various factors, including compensation, personal financial planning, and tax obligations. Monitoring these transactions can provide insights into management's perspective on the company's value and future prospects.

Comparison to Industry Standards

• Executive compensation packages often include stock options, restricted stock units, and performance-based equity awards.
• Sales of shares to cover tax obligations upon vesting of RSUs are a standard practice among executives in publicly traded companies.
• The weighted average prices at which the shares were sold are within a reasonable range given the stock's trading history.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to an individual executive's tax obligations.

Key Dates