| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | QS | Class A Common Stock | Tax liability | -$648K | -92.3K | -2.65% | $7.02 | 3.38M | Aug 16, 2023 | Direct | F1, F2 |
| transaction | QS | Class A Common Stock | Tax liability | -$540K | -78.6K | -2.32% | $6.87 | 3.31M | Aug 17, 2023 | Direct | F1, F3, F4 |
| holding | QS | Class A Common Stock | 971K | Aug 16, 2023 | By: The Singh Family Trust UDT dated October 3, 1996 | ||||||
| holding | QS | Class A Common Stock | 6.06M | Aug 16, 2023 | By: Trusts | F5 |
| 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 1,905,436 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. |
| F5 | The Reporting Person's family members are beneficiaries of the trusts. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. |