Timothy Holme - May 19, 2021 Form 4 Insider Report for QuantumScape Corp (QS)

Signature
Michael O. McCarthy, III, attorney-in-fact
Stock symbol
QS
Transactions as of
May 19, 2021
Transactions value $
-$497,269
Form type
4
Date filed
5/21/2021, 08:13 PM
Next filing
May 28, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QS Class A Common Stock Tax liability -$497K -17.5K -4.73% $28.43 352K May 19, 2021 Direct F1, F2
transaction QS Class A Common Stock Conversion of derivative security +500K +141.89% 852K May 19, 2021 Direct F3, F4

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 Class B Common Stock Conversion of derivative security $0 -500K -3.71% $0.00 13M May 19, 2021 Class A Common Stock 500K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a sale to cover tax obligations on the release of restricted stock units ("RSUs").
F2 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.80 to $28.97, 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.
F3 The Class B Common Stock is convertible into an equal number of shares of Class A Common Stock at any time, at the holder's election, and has no expiration date. On May 19, 2021, the Reporting Person directed the conversion of 500,000 shares of Class B Common Stock into Class A Common Stock.
F4 Includes 301,630 shares represented by RSUs. Each RSU represents the Reporting Person's right to receive one share of Class A Common Stock of the Issuer. A portion of the RSUs vest each quarter, subject to the Reporting Person's continued service as of each vesting date.