QuantumScape (NYSE: QS) legal chief unloads shares to cover taxes
Rhea-AI Filing Summary
QuantumScape Corp (QS) insider Michael O. McCarthy III, Chief Legal Officer, reported a Code F disposition of 25,709 shares of Class A Common Stock on August 18, 2026, as a sale to cover tax obligations on the release of restricted stock units. The weighted average sale price was $5.7445 per share, with individual trades between $5.66 and $5.93. After this transaction, he holds 1,527,774 shares directly, including 331 shares acquired under the Employee Stock Purchase Plan and 1,380,083 shares represented by RSUs and PSUs, plus 137,888 shares held indirectly by a trust for which he is the grantor.
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Insider Trade Summary
Net Seller: 25,709 shares
Net Sell
2 txns
Insider
MCCARTHY MICHAEL O III
Role
CHIEF LEGAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock F1, F2, F3, F4 | 25,709 | $5.7445 | $148K |
| holding | Class A Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,527,774 shares (Direct);
Class A Common Stock — 137,888 shares (Indirect, By: Trust)
Footnotes (5)
- F1. Represents a sale to cover tax obligations on the release of restricted stock units ("RSUs").
- F2. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.66 to $5.93, 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 331 shares acquired under the Issuer's Employee Stock Purchase Plan on June 1, 2026.
- F4. Includes 1,380,083 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.
- F5. The Reporting Person is the grantor of the trust.
Key Figures
Shares delivered/withheld for taxes: 25,709 shares
Weighted average price: $5.7445 per share
Price range of transactions: $5.66–$5.93 per share
+4 more
7 metrics
Shares delivered/withheld for taxes
25,709 shares
Class A Common Stock disposition on August 18, 2026 to cover tax obligations on RSU release
Weighted average price
$5.7445 per share
Tax-related disposition of 25,709 shares, with trades from $5.66 to $5.93
Price range of transactions
$5.66–$5.93 per share
Range of prices for multiple sale transactions comprising the 25,709-share disposition
Direct holdings after transaction
1,527,774 shares
Total direct Class A Common Stock position following the August 18, 2026 disposition
RSUs and PSUs included in direct holdings
1,380,083 shares
Shares represented by RSUs and PSUs, each unit representing the right to receive one share
ESPP shares in direct holdings
331 shares
Shares acquired under the Employee Stock Purchase Plan on June 1, 2026
Indirect holdings via trust
137,888 shares
Class A Common Stock held indirectly by a trust for which the reporting person is the grantor
Key Terms
restricted stock units, performance restricted stock units, Employee Stock Purchase Plan, weighted average price, +1 more
5 terms
restricted stock units financial
"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 1,380,083 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.
Employee Stock Purchase Plan financial
"Includes 331 shares acquired under the Issuer's Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
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.
grantor of the trust financial
"The Reporting Person is the grantor of the trust."
FAQ
What insider transaction did QS executive Michael O. McCarthy III report?
He reported a Code F disposition of 25,709 QuantumScape (QS) shares on August 18, 2026, described as a sale to cover tax obligations arising from the release of restricted stock units, at a weighted average price of $5.7445 per share.
Were the QuantumScape (QS) insider transactions under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not checked, and no footnote states that the 25,709-share tax-related disposition or the reported holdings were executed pursuant to a Rule 10b5-1 or other pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
