QuantumScape CLO receives new stock unit grants
MCCARTHY MICHAEL O III reported acquisition or exercise transactions in this Form 4 filing.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
MCCARTHY MICHAEL O III reported acquisition or exercise transactions in this Form 4 filing.
QuantumScape Corp’s Chief Legal Officer, Michael O. McCarthy III, received new equity awards in the form of Class A Common Stock-based units. On April 14, 2026, he was granted 519,287 restricted and performance stock units, where 40% are RSUs that vest quarterly and 60% are PSUs that vest only if certain performance milestones are met, all requiring continued service. He was also granted 103,857 additional RSUs that may vest based on the company’s total shareholder return from January 1, 2026 through December 31, 2028, again contingent on continued service. Following these awards, he holds 1,577,363 shares directly, including 1,485,965 represented by RSUs and PSUs, plus 137,888 shares held indirectly through a trust for which he is the grantor.
Insider Trade Summary
Grant/Award: 623,144 shares
Grant/Award
3 txns
Insider
MCCARTHY MICHAEL O III
Role
CHIEF LEGAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 519,287 | $0.00 | $0.00 |
| Grant/Award | Class A Common Stock | 103,857 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,577,363 shares (Direct);
Class A Common Stock — 137,888 shares (Indirect, By: Trust)
Footnotes (4)
- F1. The Issuer granted restricted stock units ("RSUs") (40%) and performance restricted stock units ("PSUs") (60%) to the Reporting Person. Each RSU and 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.
- F2. The Issuer granted RSUs to the Reporting Person. Each RSU represents the Reporting Person's right to receive one share of Class A Common Stock of the Issuer. The RSUs are eligible to vest based on the Issuer's total shareholder return ("TSR") relative to certain indexed companies during a performance period beginning on January 1, 2026 and ending on December 31, 2028, subject to the Reporting Person's continued service as of each vesting date.
- F3. Includes 1,485,965 shares represented by RSUs and 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 is the grantor of the trust.
Key Figures
Equity award grant: 519,287 units
TSR-based RSU grant: 103,857 units
Direct holdings after grants: 1,577,363 shares
+4 more
7 metrics
Equity award grant
519,287 units
RSUs (40%) and PSUs (60%) granted April 14, 2026
TSR-based RSU grant
103,857 units
RSUs eligible to vest based on relative TSR performance
Direct holdings after grants
1,577,363 shares
Total Class A Common Stock held directly following transactions
Indirect trust holdings
137,888 shares
Class A Common Stock held indirectly by a trust
Unvested RSUs/PSUs included
1,485,965 shares
Direct holdings represented by RSUs and PSUs
TSR performance period start
January 1, 2026
Beginning of TSR performance period for certain RSUs
TSR performance period end
December 31, 2028
End of TSR performance period for certain RSUs
Key Terms
restricted stock units ("RSUs"), performance restricted stock units ("PSUs"), total shareholder return ("TSR"), performance milestones, +2 more
6 terms
restricted stock units ("RSUs") financial
"The Issuer granted restricted stock units ("RSUs") (40%) and performance restricted stock units"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
performance restricted stock units ("PSUs") financial
"restricted stock units ("RSUs") (40%) and performance restricted stock units ("PSUs") (60%) to the Reporting Person"
performance milestones financial
"The RSUs vest each quarter and the PSUs vest upon achievement of certain performance milestones"
performance period financial
"during a performance period beginning on January 1, 2026 and ending on December 31, 2028"
The performance period is the specific time span over which an investment’s results, an employee’s targets, or a fund’s returns are measured and judged. It matters to investors because the length and start/end of that window determine which gains or losses count toward performance fees, bonus payouts, or benchmark comparisons—much like timing a race decides who wins, the chosen period can change whether results look strong or weak.
trust financial
"The Reporting Person is the grantor of the trust."
A trust is a legal setup in which one party (the trustee) holds and manages assets—like cash, stocks or property—on behalf of other people (beneficiaries) according to instructions from the person who created it (the grantor). Think of it as a locked box with a keyholder who must follow written rules; for investors it matters because trusts influence who controls and benefits from assets, affect taxes and succession, and can change how quickly or transparently shares are bought, sold or voted.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did QuantumScape (QS) report for Michael O. McCarthy III?
QuantumScape reported that Chief Legal Officer Michael O. McCarthy III received equity awards in Class A Common Stock units. These consisted of restricted stock units and performance-based stock units granted as compensation, not open-market purchases, and are subject to multi-year vesting and performance conditions.
How many QuantumScape (QS) stock units were granted to the CLO on April 14, 2026?
On April 14, 2026, the CLO was granted 519,287 RSUs and PSUs, plus a separate grant of 103,857 RSUs. Each unit represents the right to receive one share of Class A Common Stock, subject to vesting and performance requirements over time.
How do the RSUs and PSUs granted to the QuantumScape CLO vest?
For the 519,287-unit grant, 40% of RSUs vest each quarter, while 60% PSUs vest only upon meeting performance milestones. All vesting requires the CLO’s continued service with QuantumScape on each vesting date, aligning the awards with long-term company performance.
What is the performance period for QuantumScape’s TSR-based RSUs granted to the CLO?
The additional RSUs vest based on QuantumScape’s total shareholder return relative to indexed companies from January 1, 2026 to December 31, 2028. Vesting depends on both this relative TSR performance and the CLO remaining in service through the applicable vesting dates.
Are the new QuantumScape (QS) stock unit grants to the CLO open-market purchases?
No, the reported transactions are equity awards, not open-market purchases. They were granted by QuantumScape at a stated price of $0.0000 per share, reflecting stock-based compensation that vests over time based on service and specified performance criteria.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates