| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | QS | Class A Common Stock | Award | $0 | +976K | +103.02% | $0.00 | 1.92M | Feb 15, 2024 | Direct | F1 |
| transaction | QS | Class A Common Stock | Award | $0 | +1.46M | +76.12% | $0.00 | 3.39M | Feb 15, 2024 | Direct | F2 |
| transaction | QS | Class A Common Stock | Tax liability | -$52.1K | -7.44K | -0.22% | $7.00 | 3.38M | Feb 16, 2024 | Direct | F3, F4 |
| transaction | QS | Class A Common Stock | Tax liability | -$53.1K | -8.12K | -0.24% | $6.54 | 3.37M | Feb 20, 2024 | Direct | F3, F5, F6 |
| Id | Content |
|---|---|
| F1 | In connection with the Reporting Person's appointment as the Chief Executive Officer of the Issuer, the Issuer granted restricted stock units ("RSUs") to the Reporting Person. 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 February 15, 2025, 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 | In connection with the Reporting Person's appointment as the Chief Executive Officer of the Issuer, the Issuer granted performance restricted stock units ("PSUs") to the Reporting Person. Each PSU represents the Reporting Person's right to receive one share of Class A Common Stock of the Issuer. The PSUs vest upon achievement of certain performance milestones, subject to the Reporting Person's continued service as of each vesting date. |
| F3 | Represents a sale to cover tax obligations on the release of RSUs. |
| F4 | The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.89 to $7.24, 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. |
| F5 | The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.46 to $6.83, 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. |
| F6 | Includes 3,329,454 shares represented by RSUs and PSUs. Each RSU/PSU represents the Reporting Person's right to receive one share of Class A Common Stock of the Issuer. The RSUs vest each quarter and the PSUs vest upon achievement of certain performance milestones, in both cases subject to the Reporting Person's continued service as of each vesting date. |