QuantumScape (QS) COO covers tax obligations by disposing shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
QuantumScape Corp Chief Operating Officer Luca Giovanni Fasoli reported a tax-related share disposition. He disposed of 87,476 shares of Class A Common Stock on February 18, 2026 at a weighted average price of $7.1445 per share to cover tax obligations upon the release of performance restricted stock units (PSUs).
After this transaction, Fasoli directly held 1,233,766 shares of Class A Common Stock. This total includes 1,159,325 shares represented by restricted stock units (RSUs) and PSUs, each convertible into one share, which vest over time based on continued service and performance milestones.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Fasoli Luca Giovanni
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 87,476 | $7.1445 | $625K |
Holdings After Transaction:
Class A Common Stock — 1,233,766 shares (Direct)
Footnotes (1)
- Represents a sale to cover tax obligations on the release of performance restricted stock units ("PSUs"). The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.96 to $7.29, 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. Includes 1,159,325 shares represented by restricted stock units ("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.
FAQ
What did QuantumScape (QS) COO Luca Fasoli report in this Form 4?
Luca Fasoli reported a tax-related share disposition. He disposed of 87,476 QuantumScape Class A shares to cover tax obligations tied to the release of performance restricted stock units, rather than making a discretionary open-market sale for investment purposes.
Was the QuantumScape (QS) COO’s Form 4 transaction an open-market sale?
No, the transaction was a sale to cover tax obligations. The filing specifies the disposition was made to satisfy taxes arising from the release of performance restricted stock units, rather than a discretionary open-market sale aimed at changing investment exposure.
What are the RSUs and PSUs held by QuantumScape (QS) COO Luca Fasoli?
The COO holds 1,159,325 shares through RSUs and PSUs. Each restricted stock unit or performance stock unit represents the right to receive one QuantumScape Class A share, vesting quarterly or upon performance milestones, conditioned on his continued service with the company.