QuantumScape (NYSE: QS) CTO trades 190,935 shares via 10b5-1 plan, retains large stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
QuantumScape Corp’s Chief Technology Officer Timothy Holme reported a combination of share conversions and sales in Class A Common Stock on June 2, 2026. He converted 150,320 shares of Class B Common Stock into Class A and then sold 150,320 Class A shares in open-market transactions at a weighted average price of about $9.30 per share. A related trust, The Holme 2020 Irrevocable Trust, similarly converted and sold 40,615 Class B and Class A shares. The filing notes these sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on June 5, 2025. After these transactions, Holme directly holds 1,862,826 Class A shares, including 1,582,672 represented by RSUs and PSUs, and 7,109,538 Class B shares, with additional Class A and Class B shares held indirectly through the trust.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 190,935 shares ($1,774,898)
Net Sell
6 txns
Insider
Holme Timothy
Role
CHIEF TECHNOLOGY OFFICER
Sold
190,935 shs ($1.77M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 150,320 | $0.00 | -- |
| Conversion | Class B Common Stock | 40,615 | $0.00 | -- |
| Conversion | Class A Common Stock | 150,320 | $0.00 | -- |
| Sale | Class A Common Stock | 150,320 | $9.2958 | $1.40M |
| Conversion | Class A Common Stock | 40,615 | $0.00 | -- |
| Sale | Class A Common Stock | 40,615 | $9.2959 | $378K |
Holdings After Transaction:
Class B Common Stock — 7,109,538 shares (Direct, null);
Class B Common Stock — 1,280,865 shares (Indirect, By: The Holme 2020 Irrevocable Trust);
Class A Common Stock — 1,862,826 shares (Direct, null);
Class A Common Stock — 40,615 shares (Indirect, By: The Holme 2020 Irrevocable Trust)
Footnotes (1)
- The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 5, 2025. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.06 to $9.635, 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. Includes 1,582,672 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. 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
Total shares sold: 190,935 shares
Direct sale: 150,320 shares at $9.2958
Trust sale: 40,615 shares at $9.2959
+5 more
8 metrics
Total shares sold
190,935 shares
Net Class A shares sold on June 2, 2026
Direct sale
150,320 shares at $9.2958
Class A open-market sale from direct holdings
Trust sale
40,615 shares at $9.2959
Class A open-market sale by The Holme 2020 Irrevocable Trust
Price range
$9.06–$9.635
Weighted-average sale prices across multiple transactions
Direct Class A holdings
1,862,826 shares
Class A shares directly held after transactions
RSUs and PSUs
1,582,672 units
Class A shares represented by RSUs and PSUs within direct holdings
Direct Class B holdings
7,109,538 shares
Class B shares directly held after conversions
Indirect Class B holdings
1,280,865 shares
Class B shares held by The Holme 2020 Irrevocable Trust after conversions
Key Terms
Rule 10b5-1 trading plan, weighted average price, restricted stock units, performance restricted stock units, +1 more
5 terms
Rule 10b5-1 trading plan financial
"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person"
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 financial
"Includes 1,582,672 shares represented by RSUs and performance restricted stock units ("PSUs")"
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 1,582,672 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.
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.
FAQ
What did QuantumScape (QS) CTO Timothy Holme report in this Form 4?
Timothy Holme reported conversions of Class B into Class A Common Stock and subsequent open-market sales. The activity reflects both derivative conversions and net share sales, disclosed for both his direct holdings and those held through The Holme 2020 Irrevocable Trust.
How are RSUs and PSUs reflected in Timothy Holme’s QuantumScape (QS) holdings?
A footnote explains that 1,582,672 of Holme’s Class A shares are represented by RSUs and PSUs. Each RSU or PSU corresponds to one Class A share, with RSUs vesting quarterly and PSUs vesting upon specified performance milestones, subject to continued service.
What is the relationship between QuantumScape (QS) Class B and Class A Common Stock for Holme’s holdings?
Each Class B Common Stock share is convertible into one Class A share at Holme’s election, with no expiration date. The filing records conversions of both directly and indirectly held Class B shares, which then became Class A shares before being sold in the reported transactions.