Brad Buss - Jun 7, 2023 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
Jun 7, 2023
Transactions value $
$0
Form type
4
Date filed
6/9/2023, 04:04 PM
Previous filing
Apr 4, 2023
Next filing
Jun 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QS Class A Common Stock Award $0 +25.2K +172.55% $0.00 39.9K Jun 7, 2023 Direct F1, F2
holding QS Class A Common Stock 250K Jun 7, 2023 By 2011 Buss Family Trust F3
holding QS Class A Common Stock 70K Jun 7, 2023 By: Buss Family Heritage Trust dated December 24, 2020, Bradley Buss and Deborah Buss as Trustees
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 7, 2023, the Issuer granted restricted stock units ("RSUs") to the Reporting Person as an annual award automatically granted under the Issuer's Outside Director Compensation Policy. Each RSU represents the Reporting Person's right to receive one share of Class A Common Stock of the Issuer. 100% of the RSUs vest on the earlier of the one-year anniversary of the date the RSUs were granted or the day before the next annual meeting of stockholders, subject to the Reporting Person's continued service as of the vesting date.
F2 Includes 25,236 shares represented by RSUs. Each RSU represents the Reporting Person's right to receive one share of Class A Common Stock of the Issuer per the applicable vesting schedule, subject to the Reporting Person's continued service as of each vesting date.
F3 On May 25, 2023, the Reporting Person transferred 5,294 shares from direct ownership to his Family Trust.