Michael O. Mccarthy III - Aug 16, 2023 Form 4 Insider Report for QuantumScape Corp (QS)

Role
Chief Legal Officer
Signature
/s/ Michael O. McCarthy III
Stock symbol
QS
Transactions as of
Aug 16, 2023
Transactions value $
-$312,366
Form type
4
Date filed
8/18/2023, 06:00 PM
Previous filing
Jun 6, 2023
Next filing
Aug 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QS Class A Common Stock Tax liability -$170K -24.3K -2.65% $7.02 891K Aug 16, 2023 Direct F1, F2
transaction QS Class A Common Stock Tax liability -$142K -20.7K -2.32% $6.87 870K Aug 17, 2023 Direct F1, F3, F4
* 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"). The shares of the Issuer's common stock held by the Reporting Person, including shares received upon vesting of the RSUs, are subject to a lock-up agreement with the underwriters for the public offering of Class A Common Stock by the Issuer for which the underwriting agreement was entered into on August 3, 2023.
F2 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.92 to $7.095, 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 $6.78 to $7.01, 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 Includes 597,182 shares represented by 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.