Kevin Hettrich - May 17, 2022 Form 4 Insider Report for QuantumScape Corp (QS)

Role
Chief Financial Officer
Signature
/s/ Michael O. McCarthy, III, attorney-in-fact
Stock symbol
QS
Transactions as of
May 17, 2022
Transactions value $
-$904,028
Form type
4
Date filed
5/19/2022, 05:01 PM
Previous filing
Apr 6, 2022
Next filing
Jun 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QS Class A Common Stock Options Exercise $60.8K +46.3K +8.54% $1.31* 588K May 17, 2022 Direct
transaction QS Class A Common Stock Sale -$547K -46.3K -7.87% $11.81 542K May 17, 2022 Direct F1, F2
transaction QS Class A Common Stock Tax liability -$418K -35.3K -6.52% $11.84 507K May 17, 2022 Direct F3, F4, F5

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 -46.3K -23.9% $0.00 147K May 17, 2022 Class A Common Stock 46.3K $1.31 Direct
* 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 line item 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 $11.47 to $12.18, 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 Represents a sale to cover tax obligations on the release of restricted stock units ("RSUs").
F4 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.48 to $12.12, 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 474,462 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.