Srinivasan Sivaram - Feb 21, 2024 Form 4 Insider Report for QuantumScape Corp (QS)

Signature
/s/ Michael O. McCarthy III, attorney-in-fact
Stock symbol
QS
Transactions as of
Feb 21, 2024
Transactions value $
-$15,256
Form type
4
Date filed
2/23/2024, 04:48 PM
Previous filing
Feb 20, 2024
Next filing
Feb 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QS Class A Common Stock Award $0 +17.9K +0.53% $0.00 3.39M Feb 21, 2024 Direct F1
transaction QS Class A Common Stock Tax liability -$15.3K -2.45K -0.07% $6.23 3.39M Feb 22, 2024 Direct F2, F3, F4
* 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 all eligible employees, including the Reporting Person, as a final bonus payout under the Issuer's 2023 Annual Bonus Plan. 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 award grant date.
F2 Represents a sale to cover tax obligations on the release of RSUs.
F3 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.13 to $6.44, 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 3,329,454 shares represented by RSUs and performance restricted stock units ("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.