Jagdeep Singh - Feb 16, 2023 Form 4 Insider Report for QuantumScape Corp (QS)

Role
Chief Executive Officer, Director, Chairman, 10%+ Owner
Signature
/s/ Michael O. McCarthy III, attorney-in-fact
Stock symbol
QS
Transactions as of
Feb 16, 2023
Transactions value $
-$1,484,946
Form type
4
Date filed
2/17/2023, 08:24 PM
Previous filing
Nov 18, 2022
Next filing
Mar 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QS Class A Common Stock Tax liability -$1.48M -153K -5.47% $9.68 2.65M Feb 16, 2023 Direct F1, F2, F3
holding QS Class A Common Stock 971K Feb 16, 2023 By: The Singh Family Trust UDT dated October 3, 1996
* 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 $9.37 to $10.12, 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.
F3 Includes 1,508,154 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.