QS insider sells 120,000 shares; direct holdings now 4,132,700

Rhea-AI Filing Summary

QuantumScape (QS) insider activity: The company’s Chief Executive Officer and Director reported open-market sales of Class A common stock. On 10/24/2025, 30,000 shares were sold at $16.6102. On 10/27/2025, 90,000 shares were sold at a weighted average price of $17.0529, with trades ranging from $17.05 to $17.10. Following these transactions, directly held shares were 4,132,700, which includes 3,802,429 shares represented by RSUs and PSUs that vest over time subject to service and performance conditions. Indirect holdings were 360,000 shares held by trusts for which the reporting person serves as co-trustee.

Insider Trade Summary

Net Seller: 120,000 shares ($2,033,067)

Net Sell 2 txns

Insider Sivaram Srinivasan

Role CHIEF EXECUTIVE OFFICER

Sold 120,000 shs ($2.03M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	90,000	$17.0529	$1.53M
Sale	Class A Common Stock	30,000	$16.6102	$498K

Holdings After Transaction: Class A Common Stock — 360,000 shares (Indirect, By: Trusts); Class A Common Stock — 4,132,700 shares (Direct)

Footnotes (1)

1. Includes 3,802,429 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. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.05 to $17.10, 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. The Reporting Person is a Co-Trustee of the trusts and his family members are beneficiaries of the trusts.

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Sivaram Srinivasan

(Last) (First) (Middle)

C/O QUANTUMSCAPE CORPORATION

1730 TECHNOLOGY DRIVE

(Street)

SAN JOSE CA 95110

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
QuantumScape Corp [ QS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CHIEF EXECUTIVE OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
10/24/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	10/24/2025		S		30,000	D	$16.6102	4,132,700(1)	D
Class A Common Stock	10/27/2025		S		90,000	D	$17.0529(2)	360,000	I	By: Trusts(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes 3,802,429 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.

2. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.05 to $17.10, 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.

3. The Reporting Person is a Co-Trustee of the trusts and his family members are beneficiaries of the trusts.

Remarks:

	/s /Michael O McCarthy III, attorney-in-fact	10/28/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did QS report?

Sales of Class A common stock: 30,000 shares on 10/24/2025 at $16.6102 and 90,000 shares on 10/27/2025 at a $17.0529 weighted average (range $17.05–$17.10).

How many QS shares does the reporting person hold after the transactions?

Directly 4,132,700 shares and indirectly 360,000 shares held by trusts.

What portion of QS direct holdings are awards?

Direct holdings include 3,802,429 shares represented by RSUs and PSUs that vest over time and upon performance milestones.

Were the QS shares sold in multiple trades?

Yes. The 10/27/2025 sale was executed in multiple transactions between $17.05 and $17.10.

What is the insider’s relationship to QS?

The reporting person is both a Director and the Chief Executive Officer.

How are the indirect QS holdings structured?

360,000 shares are held by trusts; the reporting person is a co-trustee and family members are beneficiaries.