Michael O. Mccarthy III - May 27, 2021 Form 4 Insider Report for QuantumScape Corp (QS)

Role
Chief Legal Officer
Signature
/s/ Michael O. McCarthy III
Stock symbol
QS
Transactions as of
May 27, 2021
Transactions value $
-$2,614,790
Form type
4
Date filed
5/28/2021, 04:10 PM
Previous filing
May 26, 2021
Next filing
Jun 8, 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 +14.5K +1.52% $0.00 973K May 27, 2021 Direct F1
transaction QS Class A Common Stock Sale -$2.61M -100K -10.28% $26.15 873K May 27, 2021 Direct F2, F3

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 -14.5K -11.65% $0.00 110K May 27, 2021 Class B Common Stock 14.5K $0.64 Direct F4
transaction QS Class B Common Stock Options Exercise $0 +14.5K $0.00 14.5K May 27, 2021 Class A Common Stock 14.5K $0.64 Direct F1
transaction QS Class B Common Stock Conversion of derivative security $0 -14.5K -100% $0.00* 0 May 27, 2021 Class A Common Stock 14.5K Direct F1
* 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 is convertible at any time into Class A Common Stock on a one-to-one basis at the Reporting Person's election and has no expiration date.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.00 to $26.50, 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 Includes 452,447 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.
F4 25% of the shares subject to the option vested and became exercisable on April 8, 2014, and the remaining shares will vest monthly thereafter, subject to the Reporting Person's continued service at each vesting date.