Jagdeep Singh - Nov 18, 2024 Form 4 Insider Report for QuantumScape Corp (QS)

Role
Director
Signature
/s /Michael O McCarthy III, attorney-in-fact
Stock symbol
QS
Transactions as of
Nov 18, 2024
Transactions value $
-$127,400
Form type
4
Date filed
11/20/2024, 06:38 PM
Previous filing
Nov 15, 2024
Next filing
Dec 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QS Class A Common Stock Tax liability -$127K -26.8K -1.04% $4.75 2.56M Nov 18, 2024 Direct F1, F2, F3
holding QS Class A Common Stock 5.69M Nov 18, 2024 By: Trusts F4
holding QS Class A Common Stock 973K Nov 18, 2024 By: The Singh Family Trust UDT dated October 3, 1996
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a sale to cover tax obligations on the release of restricted stock units ("RSUs").
F2 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.66 to $4.82, 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 Includes 550,000 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.
F4 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.