Dipender Saluja - May 20, 2021 Form 4 Insider Report for QuantumScape Corp (QS)

Role: Director
Signature: /s/ Dipender Saluja
Stock symbol: QS
Transactions as of: May 20, 2021
Transactions value $: $0
Form type: 4
Date filed: 5/25/2021, 09:34 PM
Next filing: Dec 17, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	QS	Class A Common Stock	Conversion of derivative security	$0	+14M	+478.95%	$0.00	17M	May 20, 2021	By Capricorn-Libra Investment Group, LP	F1, F2
transaction	QS	Class A Common Stock	Other	$0	-3.39M	-20%	$0.00	13.6M	May 21, 2021	By Capricorn-Libra Investment Group, LP	F2, F3
transaction	QS	Class A Common Stock	Other	$0	+2.74K		$0.00	2.74K	May 21, 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	-14M	-100%	$0.00^*	0	May 20, 2021	Class A Common Stock	14M		By Capricorn-Libra Investment Group, LP	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each share of Class B Common Stock converted into Class A Common Stock on a one-to-one basis at the Reporting Person's election and had no expiration date.
F2	The Reporting Person has shared voting and investment power over the shares held by Capricorn-Libra Investment Group, LP. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or any other purpose.
F3	Represents a pro rata distribution of shares of Class A Common Stock, without additional consideration, by the holder to its general partner and limited partners. The Reporting Person did not receive any shares in this distribution.
F4	Represents the receipt of shares of Class A Common Stock pursuant to a pro rata distribution effected by Technology Impact Growth Fund, LP, to its partners including the Reporting Person, for no additional consideration.