QuantumScape Corp (QS) director reports large December stock sales

Rhea-AI Filing Summary

QuantumScape Corp director Dipender Saluja reported sales of Class A common stock in two December 2025 transactions. On 12/12/2025, an affiliated fund sold 684,524 shares at a weighted average price of $11.94, in trades between $11.78 and $12.32. On 12/15/2025, the fund sold 2,613,121 shares at a weighted average price of $11.01, with prices ranging from $10.81 to $11.80.

After these sales, Saluja is reported as indirectly beneficially owning 9,892,934 QuantumScape shares through Capricorn-Libra Investment Group, LP, and directly owning 372,235 shares. The filing states that he disclaims beneficial ownership of the fund-held shares except to the extent of his pecuniary interest.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Saluja Dipender

(Last) (First) (Middle)

C/O CAPRICORN INVESTMENT GROUP, LLC

512 WEST 22ND STREET, 6TH FLOOR

(Street)

NEW YORK NY 10011

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
QuantumScape Corp [ QS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/12/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	12/12/2025		S		684,524	D	$11.94(1)	12,506,055	I	By Capricorn-Libra Investment Group, LP(2)
Class A Common Stock	12/15/2025		S		2,613,121	D	$11.01(3)	9,892,934	I	By Capricorn-Libra Investment Group, LP(2)
Class A Common Stock								372,235	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions at prices ranging from $11.78 to $12.32 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 securities sold at each separate price within the range set forth in this footnote.

2. Shares are held by Capricorn-Libra Investment Group, LP, of which the Reporting Person is the managing director. The Reporting Person disclaims beneficial ownership of the reported shares except to the extent of his pecuniary interest therein.

3. The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions at prices ranging from $10.81 to $11.80 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 securities sold at each separate price within the range set forth in this footnote.

	/s/ Dipender Saluja	12/16/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What insider transaction did QuantumScape (QS) director Dipender Saluja report?

Dipender Saluja, a director of QuantumScape Corp, reported selling QuantumScape Class A common stock in two separate transactions in December 2025.

How many QuantumScape (QS) shares did Dipender Saluja sell and on which dates?

On 12/12/2025, an affiliated fund sold 684,524 Class A shares. On 12/15/2025, the fund sold an additional 2,613,121 Class A shares.

At what prices were the QuantumScape (QS) shares sold in these insider transactions?

The 12/12/2025 sale had a weighted average price of $11.94, with trades between $11.78 and $12.32. The 12/15/2025 sale had a weighted average price of $11.01, with trades from $10.81 to $11.80.

How many QuantumScape (QS) shares does Dipender Saluja beneficially own after the reported sales?

After the reported trades, Saluja is shown as indirectly beneficially owning 9,892,934 QuantumScape shares through Capricorn-Libra Investment Group, LP and directly owning 372,235 shares.

Through what entity were Dipender Saluja's QuantumScape (QS) share sales and holdings reported?

The reported sales and indirect holdings relate to shares held by Capricorn-Libra Investment Group, LP, for which Saluja is the managing director. He disclaims beneficial ownership of those shares except for his pecuniary interest.

Were the QuantumScape (QS) insider sale prices based on single trades or multiple trades?

For both dates, the filing reports weighted average prices. It notes that the securities were sold in multiple transactions within the stated price ranges and that detailed trade data is available upon request.