QuantumScape Executive's $1.7M Stock Sale Signals Major Insider Movement
Rhea-AI Filing Summary
QuantumScape insider Mohit Singh has filed Form 144 declaring intention to sell 290,000 shares of common stock with an aggregate market value of $1,727,675. The proposed sale is planned for June 25, 2025, through Fidelity Brokerage Services on the NYSE.
The securities were acquired through stock options on June 25, 2025. The filing reveals previous insider sales by Singh in the past 3 months:
- May 19, 2025: 71,428 shares for $315,318.91
- February 21, 2025: 22,747 shares for $121,505.37
- February 20, 2025: 30,957 shares for $159,010.63
The company currently has 515,685,016 shares outstanding. This Form 144 represents Singh's declaration of intention to sell approximately 0.06% of total shares outstanding, indicating a relatively minor impact on the company's float.
Positive
- None.
Negative
- Insider plans to sell 290,000 shares worth approximately $1.73M, following recent sales of 125,132 shares over the past 3 months totaling about $596K, indicating continued selling pressure from management
FAQ
How many shares of QS stock is being sold according to the June 2025 Form 144?
What is the source of QS shares being sold in this Form 144?
How many QS shares were previously sold by the same seller in the past 3 months?
What is the total number of QS shares outstanding as of June 2025?
What is the planned sale date for the QS shares in this Form 144?