QuantumScape (NYSE: QS) CTO trust sells shares at $6.014 under plan
Rhea-AI Filing Summary
QuantumScape Corp (QS) reported insider activity by Chief Technology Officer Timothy Holme, whose indirect holdings are through The Holme 2020 Irrevocable Trust. On 2026-08-21, the trust converted 12,723 shares of Class B Common Stock into 12,723 shares of Class A Common Stock on a one-to-one basis, then sold those 12,723 Class A shares at a weighted average price of $6.014 per share. The sale was effected under a Rule 10b5-1 trading plan adopted on June 5, 2025. After the conversion, the trust held 1,212,357 shares of Class B Common Stock indirectly.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
Holme Timothy
Role
CHIEF TECHNOLOGY OFFICER
Sold
12,723 shs ($77K)
Approx. gross sale proceeds
$77K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock F3 | 12,723 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 12,723 | $0.00 | $0.00 |
| Sale | Class A Common Stock F1, F2 | 12,723 | $6.014 | $77K |
Holdings After Transaction:
Class B Common Stock — 1,212,357 shares (Indirect, By: The Holme 2020 Irrevocable Trust);
Class A Common Stock — 0 shares (Indirect, By: The Holme 2020 Irrevocable Trust)
Footnotes (3)
- F1. The sale reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 5, 2025.
- F2. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.955 to $6.115, 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. 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 converted: 12,723 shares
Shares sold: 12,723 shares
Weighted average sale price: $6.014 per share
+3 more
6 metrics
Shares converted
12,723 shares
Class B Common Stock converted into Class A Common Stock on 2026-08-21
Shares sold
12,723 shares
Class A Common Stock sold on 2026-08-21
Weighted average sale price
$6.014 per share
Class A Common Stock sale, with trades from $5.955 to $6.115
Price range of sales
$5.955–$6.115 per share
Range of prices for the multiple transactions comprising the sale
Class B shares held after transaction
1,212,357 shares
Indirectly held by The Holme 2020 Irrevocable Trust after conversion
Rule 10b5-1 plan adoption date
June 5, 2025
Trading plan under which the sale was executed
Key Terms
Rule 10b5-1 trading plan, weighted average price, Class B Common Stock, irrevocable trust, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The sale 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"
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.
Class B Common Stock financial
"Each share of Class B Common Stock is convertible at any time"
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.
irrevocable trust financial
"nature_of_ownership: By: The Holme 2020 Irrevocable Trust"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
conversion of derivative security financial
"transaction_code_description: Conversion of derivative security"
FAQ
What insider transaction did QuantumScape (QS) disclose for Timothy Holme?
QuantumScape disclosed that The Holme 2020 Irrevocable Trust, associated with CTO Timothy Holme, converted 12,723 Class B shares into 12,723 Class A shares and sold those 12,723 Class A shares on 2026-08-21 in an open-market or private transaction.
Was the QuantumScape (QS) insider sale by Timothy Holme under a Rule 10b5-1 plan?
Yes. The filing states the sale reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 5, 2025, indicating the trades were pre-arranged under that plan.
What is the conversion feature of QuantumScape (QS) Class B Common Stock in this Form 4?
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 the Class B shares have no expiration date, according to the disclosure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
