Jagdeep Singh - 16 Nov 2021 Form 4 Insider Report for QuantumScape Corp (QS)

Signature
/s/ Michael O. McCarthy, III, attorney-in-fact
Issuer symbol
QS
Transactions as of
16 Nov 2021
Transactions value $
-$5,404,475
Form type
4
Filing time
18 Nov 2021, 18:12:19 UTC
Previous filing
19 Aug 2021
Next filing
09 Dec 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QS Class A Common Stock Tax liability -$829K -23.3K -0.67% $35.56 3.47M 16 Nov 2021 Direct F1, F2
transaction QS Class A Common Stock Tax liability -$4.29M -117K -3.37% $36.68 3.36M 16 Nov 2021 Direct F1, F3
transaction QS Class A Common Stock Tax liability -$289K -7.79K -0.23% $37.08 3.35M 16 Nov 2021 Direct F1, F4, F5
holding QS Class A Common Stock 969K 16 Nov 2021 By: The Singh Family Trust UDT dated October 3, 1996 F6
* 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 $35.00 to $35.97, 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 price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.01 to $37.00, 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 price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.01 to $37.30, 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.
F5 Includes 2,764,950 shares represented by restricted stock units ("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.
F6 The reporting person was removed as the trustee of the Marie Helene Prinz 2019 Trust dated June 17, 2019 and the Benedikt Prinz 2019 Trust dated June 17, 2019 (together the "Prinz Trusts") in September 2021. As a result, the reporting person no longer lists the shares held by the Prinz Trusts as indirectly owned.