Form 4: QuantumScape's Chief Legal Officer, Michael O. McCarthy III, Executes Stock Options and Sells Shares
SEC Form 4
Michael O. McCarthy III, Chief Legal Officer of QuantumScape Corp, exercised stock options and sold Class A Common Stock over a three-day period, according to a recent SEC Form 4 filing.
Summary
- On July 29, 2024, Michael O. McCarthy III, the Chief Legal Officer of QuantumScape Corp, exercised options to acquire 66,120 shares of Class A Common Stock at a price of $1.3252 per share.
- He then sold 222,476 shares of Class A Common Stock at a weighted average price of $6.582 per share.
- On July 30, 2024, McCarthy exercised options to acquire 222,477 shares at $1.3252 per share and sold 222,477 shares at a weighted average price of $6.5289 per share.
- On July 31, 2024, he exercised options to acquire 222,476 shares at $1.3252 per share and sold 222,476 shares at a weighted average price of $6.5794 per share.
- Following these transactions, McCarthy directly owns 1,283,847 shares of Class A Common Stock, which includes 1,020,732 shares represented by restricted stock units (RSUs) and performance restricted stock units (PSUs).
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions by an insider. It doesn't inherently convey positive or negative sentiment about the company's prospects.
Industry Context
This filing is a routine disclosure of insider transactions and provides transparency to investors regarding the actions of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the increased supply of shares in the market.
Key Dates
| Date | Description |
|---|---|
| 05/01/2017 | Date stock options were exercisable |
| 03/15/2027 | Expiration date of stock options |
| 07/29/2024 | Date of first transaction: exercise of options and sale of shares |
| 07/30/2024 | Date of second transaction: exercise of options and sale of shares |
| 07/31/2024 | Date of third transaction: exercise of options and sale of shares |
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