Michael O. McCarthy III - 01 Mar 2023 Form 4 Insider Report for QuantumScape Corp (QS)

Role: Chief Legal Officer
Signature: /s/ Michael O. McCarthy, III
Issuer symbol: QS
Transactions as of: 01 Mar 2023
Net transactions value: -$2,645,086
Form type: 4
Filing time: 03 Mar 2023, 19:46:30 UTC
Previous filing: 17 Feb 2023
Next filing: 07 Apr 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	QS	Class A Common Stock	Options Exercise	$84,124	+130,648	+18%	$0.6439^*	855,988	01 Mar 2023	Direct
transaction	QS	Class A Common Stock	Sale	$1,182,796	-130,648	-15%	$9.05	725,340	01 Mar 2023	Direct	F1
transaction	QS	Class A Common Stock	Options Exercise	$104,285	+161,958	+22%	$0.6439^*	887,298	03 Mar 2023	Direct
transaction	QS	Class A Common Stock	Options Exercise	$32,000	+24,375	+2.7%	$1.31^*	911,673	03 Mar 2023	Direct
transaction	QS	Class A Common Stock	Sale	$1,682,699	-186,333	-20%	$9.03	725,340	03 Mar 2023	Direct	F2, 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	-130,648	-45%	$0.000000	161,958	01 Mar 2023	Class A Common Stock	130,648	$0.6439	Direct
transaction	QS	Stock Option (right to buy)	Options Exercise	$0	-161,958	-100%	$0.000000^*	0	03 Mar 2023	Class A Common Stock	161,958	$0.6439	Direct
transaction	QS	Stock Option (right to buy)	Options Exercise	$0	-24,375	-24%	$0.000000	76,167	03 Mar 2023	Class A Common Stock	24,375	$1.31	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.85 to $9.22, 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.
F2	The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.00 to $9.105, 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 593,678 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.