| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | QS | Common Stock | Sale | -$65.1K | -12.9K | -5.08% | $5.04 | 241K | Nov 21, 2024 | Direct | F1, F2, F3 |
| holding | QS | Common Stock | 778K | Nov 21, 2024 | By Friedrich Prinz and Gertrud Prinz, Trustees of the Prinz Family Trust dated September 17, 2018 | ||||||
| holding | QS | Common Stock | 259K | Nov 21, 2024 | By: Benedikt Prinz 2019 Trust dated June 17, 2019 | ||||||
| holding | QS | Common Stock | 259K | Nov 21, 2024 | By: Marie Helene Prinz 2019 Trust dated June 17, 2019 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | The exercise and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 4, 2024. |
| F2 | The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.985 to $5.105, 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 175,341 shares represented by restricted stock units ("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. |