| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | QS | Class A Common Stock | Award | $0 | +105K | +3.57% | $0.00 | 3.05M | Feb 21, 2024 | Direct | F1 |
| transaction | QS | Class A Common Stock | Tax liability | -$135K | -21.7K | -0.71% | $6.23 | 3.03M | Feb 22, 2024 | Direct | F2, F3, F4 |
| holding | QS | Class A Common Stock | 973K | Feb 21, 2024 | By: The Singh Family Trust UDT dated October 3, 1996 | ||||||
| holding | QS | Class A Common Stock | 6.06M | Feb 21, 2024 | By: Trusts | F5 |
| 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 1,302,718 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. |
| 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. |