Form 4: QuantumScape's Chief Legal Officer Sells Shares
SEC Form 4 Filing
Michael O. McCarthy III, Chief Legal Officer of QuantumScape Corp, sold 50,575 shares of Class A Common Stock on August 21, 2024.
Summary
- On August 21, 2024, Michael O. McCarthy III, the Chief Legal Officer of QuantumScape Corp, sold 50,575 shares of Class A Common Stock.
- The shares were sold at a weighted average price of $5.9916, with individual transactions ranging from $5.8017 to $6.16.
- Following the transaction, McCarthy still beneficially owns 1,184,745 shares, which includes 921,630 shares represented by restricted stock units (RSUs) and performance restricted stock units (PSUs).
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a stock sale by an executive. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by some shareholders, although it is a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 08/21/2024 | Date of transaction: Michael O. McCarthy III sold shares of QuantumScape Corp. |
| 08/23/2024 | Date of signature on the Form 4 filing. |
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