Singh Jagdeep - 05 Jul 2024 Form 4 Insider Report for QuantumScape Corp (QS)

Role
Director
Signature
/s/ Michael O. McCarthy, III, attorney-in-fact
Issuer symbol
QS
Transactions as of
05 Jul 2024
Net transactions value
-$1,006,519
Form type
4
Filing time
09 Jul 2024, 16:55:06 UTC
Previous filing
14 Jun 2024
Next filing
14 Aug 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QS Class A Common Stock Options Exercise $103,719 +79,006 +2.8% $1.31 2,888,259 05 Jul 2024 Direct F1, F2
transaction QS Class A Common Stock Sale $397,274 -79,006 -2.7% $5.03 2,809,253 05 Jul 2024 Direct F1, F2, F3
transaction QS Class A Common Stock Sale $119,203 -23,706 -0.4% $5.03 5,923,292 05 Jul 2024 By: Trusts F1, F3, F4
transaction QS Class A Common Stock Options Exercise $148,693 +113,264 +4% $1.31 2,922,517 08 Jul 2024 Direct F1, F2
transaction QS Class A Common Stock Sale $571,100 -113,264 -3.9% $5.04 2,809,253 08 Jul 2024 Direct F1, F2, F5, F6
transaction QS Class A Common Stock Sale $171,354 -33,984 -0.57% $5.04 5,889,308 08 Jul 2024 By: Trusts F1, F4, F5
holding QS Class A Common Stock 972,978 05 Jul 2024 By: The Singh Family Trust UDT dated October 3, 1996

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction QS Stock Option (right to buy) Options Exercise $0 -79,006 -3.7% $0.000000 2,035,964 05 Jul 2024 Class A Common Stock 79,006 $1.31 Direct F1, F2
transaction QS Stock Option (right to buy) Options Exercise $0 -113,264 -5.6% $0.000000 1,922,700 08 Jul 2024 Class A Common Stock 113,264 $1.31 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The exercises and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 1, 2024.
F2 Exercise and sale of stock options expiring in the next two years.
F3 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.00 to $5.055, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.
F4 The Reporting Person's family members are beneficiaries of the trusts. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F5 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.00 to $5.125, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.
F6 Includes 1,001,359 shares represented by restricted stock units ("RSUs") and performance restricted stock units ("PSUs"). Each RSU/PSU represents the Reporting Person's right to receive one share of Class A Common Stock of the Issuer. The RSUs vest each quarter and the PSUs vest upon achievement of certain performance milestones, in both cases subject to the Reporting Person's continued service as of each vesting date.