Form 4: QuantumScape Executive Timothy Holme Reports Stock Award

QuantumScape's Chief Technology Officer, Timothy Holme, reports the acquisition of restricted stock units (RSUs) and performance restricted stock units (PSUs).

Summary

• On April 8, 2025, Timothy Holme, Chief Technology Officer of QuantumScape Corp, reported a transaction involving Class A Common Stock.
• Holme acquired 797,265 shares of Class A Common Stock at $0.00.
• These shares were granted as restricted stock units (RSUs) and performance restricted stock units (PSUs).
• Following the transaction, Holme beneficially owns 1,891,432 shares, including 1,584,199 shares represented by RSUs and PSUs.
• The RSUs vest each quarter, and the PSUs vest upon achievement of certain performance milestones, contingent on continued service.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. It's a neutral to slightly positive event.

Positives

• The grant of RSUs and PSUs to the CTO aligns his interests with the long-term performance of the company.
• The vesting schedule of RSUs and PSUs incentivizes continued service and achievement of performance milestones.

Future Outlook

The vesting of RSUs and PSUs is contingent upon continued service and the achievement of performance milestones, suggesting an expectation of ongoing contributions from the CTO.

Industry Context

Stock awards are a common practice in the technology industry to attract, retain, and incentivize key executives.

Comparison to Industry Standards

• Stock-based compensation is a standard practice among publicly traded technology companies like Tesla, Lucid, and Rivian to align executive compensation with company performance.
• The vesting schedules for RSUs and PSUs are typical, with vesting often tied to continued employment and performance goals.

Stakeholder Impact

• Shareholders may view the stock award as a positive incentive for the CTO to drive company performance.
• Employees may see the award as a sign of the company's commitment to its leadership team.

Key Dates

Keywords

QuantumScape, QS, Timothy Holme, CTO, RSU, PSU, Stock Award, Beneficial Ownership, Form 4