Jurgen Leohold - Dec 10, 2021 Form 4 Insider Report for QuantumScape Corp (QS)

Role
Director
Signature
/s/ Michael O. McCarthy, III, attorney-in-fact
Stock symbol
QS
Transactions as of
Dec 10, 2021
Transactions value $
-$1,354,687
Form type
4
Date filed
12/13/2021, 06:00 PM
Previous filing
Aug 4, 2021
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 Options Exercise $66.3K +50K +33.95% $1.33* 197K Dec 10, 2021 Direct
transaction QS Class A Common Stock Options Exercise $23.8K +10K +5.07% $2.38 207K Dec 10, 2021 Direct
transaction QS Class A Common Stock Sale -$1.3M -54K -26.07% $23.99 153K Dec 10, 2021 Direct F1, F2
transaction QS Class A Common Stock Sale -$148K -5.95K -3.88% $24.93 147K Dec 10, 2021 Direct F1, 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 -50K -32.86% $0.00 102K Dec 10, 2021 Class A Common 50K $1.33 Direct F4
transaction QS Stock Option (right to buy) Options Exercise $0 -10K -3.31% $0.00 292K Dec 10, 2021 Class A Common 10K $2.38 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person in September 2021.
F2 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.69 to $24.68, 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 $24.69 to $25.31, 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 20% of the shares subject to the option vested and became exercisable on January 1, 2019, and the remaining shares will vest monthly thereafter, subject to the Reporting Person's continued service at each vesting date.
F5 20% of the shares subject to the option will vest and become exercisable on December 11, 2020, and the remaining shares will vest monthly thereafter, subject to the Reporting Person's continued service at each vesting date.