Srinivasan Sivaram - 09 Oct 2023 Form 4 Insider Report for QuantumScape Corp (QS)

Role
President
Signature
/s/ Michael O. McCarthy III, as attorney-in-fact
Issuer symbol
QS
Transactions as of
09 Oct 2023
Net transactions value
$0
Form type
4
Filing time
11 Oct 2023, 17:00:17 UTC
Previous filing
15 Sep 2023
Next filing
20 Nov 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 Award $0 +333,333 $0.000000 333,333 09 Oct 2023 Direct F1
transaction QS Class A Common Stock Award $0 +333,333 +100% $0.000000 666,666 09 Oct 2023 Direct F2
transaction QS Class A Common Stock Award $0 +296,296 +44% $0.000000 962,962 09 Oct 2023 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Issuer granted restricted stock units ("RSUs") to the Reporting Person as a new-hire grant. Each RSU represents the Reporting Person's right to receive one share of Class A Common Stock of the Issuer. Twenty-five percent (25%) of the RSUs will vest on August 15, 2024, and six and one-quarter percent (6.25%) will vest quarterly thereafter, subject to the Reporting Person's continued service as of each vesting date.
F2 The Issuer granted RSUs to the Reporting Person as a new-hire grant. Each RSU represents the Reporting Person's right to receive one share of Class A Common Stock of the Issuer. The RSUs vest upon achievement of certain performance milestones, subject to the Reporting Person's continued service as of each vesting date.
F3 The Issuer granted RSUs to the Reporting Person as a one-time signing bonus grant. Each RSU represents the Reporting Person's right to receive one share of Class A Common Stock of the Issuer. The RSUs vest quarterly in equal installments over two years starting on November 15, 2023, subject to the Reporting Person's continued service as of each vesting date.