L. John Doerr - May 21, 2021 Form 4 Insider Report for QuantumScape Corp (QS)

Role
Director
Signature
Michael O. McCarthy III, attorney-in-fact
Stock symbol
QS
Transactions as of
May 21, 2021
Transactions value $
$0
Form type
4
Date filed
6/3/2021, 05:00 PM
Previous filing
May 20, 2021
Next filing
Apr 29, 2022

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 +3.14M +162.42% $0.00 5.07M May 21, 2021 see footnote F1
transaction QS Class A Common Stock Other $0 -5.07M -100% $0.00* 0 May 21, 2021 see footnote F1, F2
transaction QS Class A Common Stock Other $0 +1.43M $0.00 1.43M May 21, 2021 see footnote F3, F4
transaction QS Class A Common Stock Other $0 -1.26M -87.76% $0.00 175K May 21, 2021 see footnote F4, F5
transaction QS Class A Common Stock Other $0 +131K $0.00 131K May 21, 2021 see footnote F6, F7
transaction QS Class A Common Stock Other $0 +15.8K $0.00 15.8K May 21, 2021 see footnote F6, F8
transaction QS Class A Common Stock Other $0 +1.48K $0.00 1.48K May 21, 2021 see footnote F6, F9
transaction QS Class A Common Stock Other $0 +14.1K $0.00 14.1K May 21, 2021 see footnote F6, F10
transaction QS Class A Common Stock Other $0 +14.1K $0.00 14.1K May 21, 2021 see footnote F6, F11
transaction QS Class A Common Stock Other $0 +559K $0.00 559K May 21, 2021 see footnote F12, F13

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 -3.14M -17.1% $0.00 15.2M May 21, 2021 Class A Common Stock 3.14M $0.00 see footnote F2, F14
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares are held for convenience in the name of "KPCB Holdings, Inc., as nominee" for the accounts of Kleiner Perkins Caufield & Byers XIV, LLC ("KPCB XIV") and KPCB XIV Founders Fund, LLC ("KPCB XIV FF") (collectively, the "KPCB Entities"). The managing member of KPCB XIV and KPCB XIV FF is KPCB XIV Associates, LLC ("KPCB XIV Associates"). The Reporting Person, a managing member of KPCB XIV Associates, exercises shared voting and dispositive control over the shares held by the KPCB Entities.
F2 Represents a pro-rata in-kind distribution of Common Stock of the Issuer by KPCB XIV and KPCB XIV FF without consideration to their members (the "Fund Distribution").
F3 Represents a change in the form of ownership from indirect to direct by virtue of the receipt of shares in the Fund Distribution.
F4 The shares are held directly by KPCB XIV Associates. The Reporting Person is a managing member of KPCB XIV Associates and may be deemed to share voting and investment power over the securities held by KPCB XIV Associates. The Reporting Person disclaims beneficial ownership over such securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
F5 Represents a pro-rata in-kind distribution of Common Stock of the Issuer by KPCB XIV Associates without consideration to its members (the "Associates Distribution").
F6 Represents the receipt of shares of Common Stock of the Issuer by virtue of the Associates Distribution.
F7 Shares are held by Vallejo Ventures Trust for which the Reporting Person and his spouse serve as trustee.
F8 The sole member of KPIC, LLC is Vallejo Ventures Trust. The Reporting Person is a trustee of the Vallejo Ventures Trust. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
F9 The managing member of Lupum Ventures, LLC is Vallejo Ventures Trust. The Reporting Person is a trustee of the Vallejo Ventures Trust. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
F10 Shares are held by The Austin 1999 Trust Dated May 25, 1999 for which the Reporting Person serves as trustee.
F11 Shares are held by The Hampton 1999 Trust Dated May 25, 1999 for which the Reporting Person serves as trustee.
F12 Represents the receipt of shares of Common Stock of the Issuer by virtue of the Fund Distribution.
F13 The sole member of Portico Libre, LLC is Vallejo Ventures Trust. The Reporting Person is a trustee of the Vallejo Ventures Trust. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
F14 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.