QuantumScape (QS) COO uses 108K shares for RSU tax obligations, retains 1.94M
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 tied to vesting equity awards. On the RSU release date, 108,065 shares of Class A Common Stock were delivered to cover tax obligations at a weighted average price of $7.3721 per share, with individual trades executed between $7.21 and $8.01.
After this withholding transaction, Fasoli directly holds 1,939,343 shares of Class A Common Stock. This total includes 1,772,688 shares represented by restricted stock units and performance RSUs, which will vest over time or upon achievement of performance milestones, subject to his continued service.
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 | 108,065 | $7.3721 | $797K |
Holdings After Transaction:
Class A Common Stock — 1,939,343 shares (Direct, null)
Footnotes (1)
- Represents a sale to cover tax obligations on the release of restricted stock units ("RSUs"). This transaction was executed in multiple trades at prices ranging from $7.21 USD to $8.01 USD; the price reported above reflects the weighted average sale price. Includes 1,772,688 shares represented by 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.
Key Figures
Tax-withholding shares: 108,065 shares
Weighted average price: $7.3721 per share
Trade price range: $7.21 to $8.01
+2 more
5 metrics
Tax-withholding shares
108,065 shares
Shares delivered to cover tax obligations on RSU release
Weighted average price
$7.3721 per share
Average price for tax-withholding disposition trades
Trade price range
$7.21 to $8.01
Range of prices for multiple trades used in disposition
Shares held after transaction
1,939,343 shares
Direct Class A Common Stock holdings after tax withholding
RSUs and performance RSUs held
1,772,688 shares
Shares represented by RSUs and PSUs within total holdings
Key Terms
restricted stock units, performance restricted stock units, weighted average sale price, tax obligations
4 terms
restricted stock units financial
"Represents a sale to cover tax obligations on the release of restricted stock units ("RSUs")."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance restricted stock units financial
"Includes 1,772,688 shares represented by RSUs and performance restricted stock units ("PSUs")."
Performance restricted stock units (PRSUs) are promises to deliver company shares to employees or executives only if the business meets specific performance targets and any time-based holding rules. Think of them as a bonus that converts into stock only after set goals are reached, so investors watch PRSUs for two reasons: they can dilute existing shares if paid out, and they signal how closely management’s pay is tied to company performance.
weighted average sale price financial
"price reported above reflects the weighted average sale price."
tax obligations financial
"Represents a sale to cover tax obligations on the release of restricted stock units ("RSUs")."
FAQ
What insider transaction did QuantumScape (QS) COO Luca Fasoli report?
Luca Fasoli reported a tax-withholding share disposition related to vested RSUs. He delivered 108,065 shares of QuantumScape Class A Common Stock to cover tax obligations when restricted stock units were released, rather than making an open-market sale for discretionary liquidity.
Was the QuantumScape (QS) COO’s transaction an open-market sale?
No, the transaction was not a discretionary open-market sale. The filing explains it was a sale to cover tax obligations upon RSU release, a common administrative mechanism rather than a voluntary decision to reduce overall exposure to QuantumScape stock.
What types of equity awards does QuantumScape (QS) COO Luca Fasoli hold?
Fasoli holds restricted stock units and performance RSUs representing 1,772,688 QuantumScape Class A shares. The RSUs vest quarterly, while performance RSUs vest when specific performance milestones are achieved, in each case conditioned on his continued service at the company.