[Form 4] QuantumScape Corp Insider Trading Activity

Rhea-AI Filing Summary

Kevin Hettrich, Chief Financial Officer of QuantumScape Corporation (QS), reported a sale of Class A common stock under a pre-established trading plan. The Form 4 discloses a transaction on 09/12/2025 in which 9,800 shares were sold at a weighted average price of $9.2018, with transaction prices ranging from $8.755 to $9.935. The filing states the sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 11, 2025. After the reported sale, the reporting person beneficially owned 1,601,267 shares, which include 1,260,539 shares represented by restricted stock units and performance stock units that vest based on service or performance conditions. The Form 4 was signed by an attorney-in-fact on 09/16/2025.

Insights

Securities Analyst

TL;DR: CFO sold a small portion of his holdings under a pre-set 10b5-1 plan; total beneficial ownership remains substantial.

The reported sale of 9,800 shares on 09/12/2025 was executed under a Rule 10b5-1 plan adopted on 06/11/2025, indicating prearranged, non-discretionary trading. The weighted average sale price was $9.2018, with execution prices between $8.755 and $9.935. Post-transaction beneficial ownership is 1,601,267 shares, including 1,260,539 RSUs and PSUs that are subject to vesting and performance conditions. From an investor-significance perspective, the transacted amount is small relative to the reported beneficial position, and the use of a 10b5-1 plan suggests the trades were not opportunistic but pre-specified.

Corporate Governance Expert

TL;DR: Disclosure aligns with insider-trading compliance practices; the form clearly states plan adoption and RSU/PSU composition.

The Form 4 provides required transparency by indicating the trade resulted from a Rule 10b5-1 plan and by disclosing the range of execution prices and the weighted average price. The filing also itemizes that a significant portion of the reporting person’s holdings are equity awards (RSUs and PSUs) subject to vesting and performance milestones, which is important for understanding the liquidity profile of the holding. The filing was executed by an attorney-in-fact, consistent with standard practice for timely submissions.

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

X

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^*

Hettrich Kevin

(Last) (First) (Middle)

C/O QUANTUMSCAPE CORPORATION

1730 TECHNOLOGY DRIVE

(Street)

SAN JOSE CA 95110

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/12/2025

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	09/12/2025		S(1)		9,800	D	$9.2018(2)	1,601,267(3)	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 sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 11, 2025.

2. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.755 to $9.935, 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.

3. Includes 1,260,539 shares represented by restricted stock units ("RSUs") and performance stock units ("PSUs"). 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.

	/s/ Michael O. McCarthy, III, attorney-in-fact	09/16/2025
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did QS insider Kevin Hettrich report on Form 4?

He reported selling 9,800 shares of Class A common stock on 09/12/2025 under a Rule 10b5-1 plan, at a weighted average price of $9.2018.

When was the 10b5-1 trading plan adopted for the reported sale?

The Form 4 states the trading plan was adopted on June 11, 2025.

How many shares does the reporting person beneficially own after the sale?

Following the reported transaction, the reporting person beneficially owns 1,601,267 shares.

How many of the reporting person's holdings are RSUs or PSUs?

The filing discloses 1,260,539 shares are represented by restricted stock units and performance stock units.

What price range were the sold shares executed at?

The shares were sold at prices ranging from $8.755 to $9.935; the weighted average price reported is $9.2018.