QuantumScape CTO sells 120K shares under plan
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Form Type
4
Rhea-AI Filing Summary
QuantumScape Corp (QS) reported that Chief Technology Officer Timothy Holme and related trusts converted a total of 45,000 shares of Class B Common Stock into Class A Common Stock and sold 120,000 shares of Class A on September 15, 2026 at a weighted average price of $5.0877 per share. The filing states these transactions were effected under a Rule 10b5-1 trading plan adopted on June 10, 2026. Following the transactions, Holme held 1,583,075 shares of Class A Common Stock directly, including 1,522,261 shares represented by RSUs and PSUs, with additional indirect holdings through family trusts.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
7 txns
Insider
Holme Timothy
Role
CHIEF TECHNOLOGY OFFICER
Sold
120,000 shs ($611K)
Approx. gross sale proceeds
$611K
Share of Position Sold
7.0%
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock F5 | 22,500 | $0.00 | $0.00 |
| Conversion | Class B Common Stock F5, F4 | 22,500 | $0.00 | $0.00 |
| Sale | Class A Common Stock F1, F2, F3 | 75,000 | $5.0877 | $382K |
| Conversion | Class A Common Stock | 22,500 | $0.00 | $0.00 |
| Sale | Class A Common Stock F1, F2 | 22,500 | $5.0877 | $114K |
| Conversion | Class A Common Stock F4 | 22,500 | $0.00 | $0.00 |
| Sale | Class A Common Stock F1, F2, F4 | 22,500 | $5.0877 | $114K |
Holdings After Transaction:
Class B Common Stock — 1,189,857 contracts (Indirect, By: The Holme 2020 Irrevocable Trust);
Class B Common Stock — 1,327,500 contracts (Indirect, By: Trusts);
Class A Common Stock — 1,583,075 shares (Direct);
Class A Common Stock — 0 shares (Indirect, By: The Holme 2020 Irrevocable Trust);
Class A Common Stock — 0 shares (Indirect, By: Trusts)
Holdings Before and After:
Class B Common Stock, 1,212,357 to 1,189,857 contracts (Indirect, By: The Holme 2020 Irrevocable Trust);
Class B Common Stock, 1,350,000 to 1,327,500 contracts (Indirect, By: Trusts);
Class A Common Stock, 1,658,075 to 1,583,075 shares (Direct);
Class A Common Stock, 0 to 0 shares (Indirect, By: The Holme 2020 Irrevocable Trust);
Class A Common Stock, 0 to 0 shares (Indirect, By: Trusts)
Footnotes (5)
- F1. The exercise and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 10, 2026.
- F2. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.985 to $5.255, 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.
- F3. Includes 1,522,261 shares represented by restricted stock units ("RSUs") and performance restricted stock units ("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 a Co-Trustor of the trusts and his family members are beneficiaries of the trusts.
- F5. Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the Reporting Person's election and has no expiration date.
Key Figures
Shares sold: 120,000 shares
Shares converted: 45,000 shares
Weighted average sale price: $5.0877 per share
+3 more
6 metrics
Shares sold
120,000 shares
Total Class A Common Stock sold on September 15, 2026 by CTO and related trusts
Shares converted
45,000 shares
Class B Common Stock converted into Class A Common Stock on September 15, 2026
Weighted average sale price
$5.0877 per share
Weighted average price for Class A share sales, with a range of $4.985–$5.255
Direct Class A holdings after transaction
1,583,075 shares
Class A Common Stock directly held by the CTO following the reported transactions
RSUs and PSUs included in holdings
1,522,261 shares
RSUs and PSUs representing rights to receive Class A shares within the CTO’s direct holdings
Rule 10b5-1 plan adoption date
June 10, 2026
Date the CTO adopted the trading plan governing the reported transactions
Key Terms
Rule 10b5-1 trading plan, weighted average price, restricted stock units ("RSUs"), performance restricted stock units ("PSUs"), +2 more
6 terms
Rule 10b5-1 trading plan regulatory
"The exercise and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price reported is a weighted average price. These shares were sold in multiple transactions"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
restricted stock units ("RSUs") financial
"Includes 1,522,261 shares represented by restricted stock units ("RSUs") 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
"Includes 1,522,261 shares represented by restricted stock units ("RSUs") and performance restricted stock units ("PSUs")"
Class B Common Stock financial
"Each share of Class B Common Stock is convertible at any time into Class A Common Stock"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Class A Common Stock financial
"Each RSU/PSU represents the Reporting Person's right to receive one share of Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did QuantumScape (QS) CTO Timothy Holme report in this Form 4?
He and related trusts converted 45,000 Class B shares into Class A and sold 120,000 Class A shares of QuantumScape Corp on September 15, 2026, as disclosed in the Form 4.
How are RSUs and PSUs described in this QuantumScape (QS) Form 4?
The CTO’s holdings include 1,522,261 shares represented by restricted stock units (RSUs) and performance restricted stock units (PSUs), each giving the right to receive one Class A share, with RSUs vesting quarterly and PSUs vesting upon achievement of performance milestones.
AI-generated analysis. How Rhea-AI works. Not financial advice.
