QuantumScape (NYSE: QS) CTO granted new RSU and PSU stock awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Holme Timothy reported acquisition or exercise transactions in this Form 4 filing.
QuantumScape Corp’s Chief Technology Officer, Timothy Holme, received equity awards in the form of Class A Common Stock on April 14, 2026. He was granted restricted stock units (RSUs) and performance restricted stock units (PSUs), together covering 658,752 shares, and now holds 1,766,934 shares directly.
The first award mixes RSUs (40%) that vest quarterly and PSUs (60%) that vest upon achieving performance milestones, all subject to continued service. A second RSU grant will vest based on QuantumScape’s total shareholder return versus an index group over a January 1, 2026 to December 31, 2028 performance period.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Holme Timothy
Role
CHIEF TECHNOLOGY OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 548,960 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 109,792 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 1,657,142 shares (Direct)
Footnotes (1)
- 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. 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. Includes 1,637,100 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.
Key Figures
First grant size: 548,960 shares
Second grant size: 109,792 shares
Total shares after grants: 1,766,934 shares
+4 more
7 metrics
First grant size
548,960 shares
Class A Common Stock RSUs/PSUs grant on April 14, 2026
Second grant size
109,792 shares
Class A Common Stock RSU grant on April 14, 2026
Total shares after grants
1,766,934 shares
Direct Class A Common Stock holdings following transactions
Equity mix
40% RSUs / 60% PSUs
Structure of one grant to CTO Holme
RSU/PSU representation
1,637,100 shares
Shares represented by RSUs and PSUs within Holme’s holdings
TSR performance period start
January 1, 2026
Beginning of TSR-based RSU performance period
TSR performance period end
December 31, 2028
End of TSR-based RSU performance period
Key Terms
restricted stock units ("RSUs"), performance restricted stock units ("PSUs"), total shareholder return ("TSR"), performance milestones, +1 more
5 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.
FAQ
What did QuantumScape (QS) disclose about CTO Timothy Holme’s new stock awards?
QuantumScape disclosed that CTO Timothy Holme received equity awards totaling 658,752 shares of Class A Common Stock through RSUs and PSUs. These awards are compensation grants, carry no cash purchase price, and are subject to multi-year vesting and performance conditions tied to his continued service.
How are Timothy Holme’s new RSU and PSU grants at QuantumScape (QS) structured?
One award consists of 40% restricted stock units (RSUs) and 60% performance restricted stock units (PSUs). RSUs vest quarterly, while PSUs vest upon achievement of specified performance milestones, in each case contingent on Holme’s continued service with QuantumScape through the relevant vesting dates.
What performance period applies to the new TSR-based RSUs at QuantumScape (QS)?
The newly granted RSUs tied to total shareholder return (TSR) use a performance period from January 1, 2026 through December 31, 2028. Vesting depends on QuantumScape’s TSR relative to certain indexed companies and on Timothy Holme’s continued service through each applicable vesting date.
Are Timothy Holme’s new QuantumScape (QS) awards open‑market purchases?
No, the Form 4 identifies both transactions with code “A,” meaning they are grants or awards, not open‑market purchases. The stock is delivered through RSUs and PSUs at a stated price of $0.00 per share, subject to vesting and performance requirements rather than cash payment.
What conditions must be met for QuantumScape (QS) PSUs granted to Holme to vest?
PSUs vest only when specific performance milestones are achieved and Timothy Holme remains in service through the vesting dates. One grant references general performance milestones, while another depends on QuantumScape’s total shareholder return versus indexed companies over the 2026–2028 performance period.