QS insider sells 211,365 shares; conversions of 153,578 Class B shares
Rhea-AI Filing Summary
Timothy Holme, Chief Technology Officer of QuantumScape Corp (QS), reported transactions on 10/03/2025. The filing shows conversions and sales: conversions (Code C) of 108,655 and 44,923 shares of Class B into Class A common stock, and sales (Code S) of 166,442 and 44,923 shares pursuant to a Rule 10b5-1 trading plan adopted June 5, 2025. The reported weighted-average sale price was $15.5186, with sale prices ranging from $14.26 to $16.485. After the transactions the reporting person held 1,364,273 shares directly and reported 8,360,459 underlying Class A shares from converted Class B shares.
Positive
- Sales executed under a Rule 10b5-1 trading plan, adopted June 5, 2025, indicating preplanned transactions
- Weighted-average sale price disclosed at $15.5186 with explicit price range $14.26–$16.485
- Conversions of Class B to Class A are disclosed with no expiration, clarifying share class mechanics
Negative
- Total shares sold of 211,365 on 10/03/2025, reducing direct beneficial ownership
- Post-transaction direct holdings decreased to 1,364,273 shares
Insights
Insider executed planned sales under a 10b5-1 plan and converted Class B shares.
The Form 4 discloses that Timothy Holme converted 153,578 Class B shares (sum of 108,655 and 44,923) into Class A common stock and sold 211,365 Class A shares on 10/03/2025.
The sales were effected under a 10b5-1 trading plan adopted on June 5, 2025, and the weighted-average sale price was $15.5186. This indicates the sales were preplanned rather than ad hoc.
Transactions include conversions and Rule 10b5-1 sales with disclosed price ranges.
The filer states the sales occurred at prices between $14.26 and $16.485 and offers to provide per-trade price details on request, satisfying disclosure norms for weighted-average pricing.
The Form 4 is signed by an attorney-in-fact and explicitly references the 10b5-1 plan, which is a standard affirmative-defense disclosure; no amendment or additional disclaimers are indicated.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 108,655 | $0.00 | -- |
| Conversion | Class B Common Stock | 44,923 | $0.00 | -- |
| Conversion | Class A Common Stock | 108,655 | $0.00 | -- |
| Sale | Class A Common Stock | 166,442 | $15.5186 | $2.58M |
| Conversion | Class A Common Stock | 44,923 | $0.00 | -- |
| Sale | Class A Common Stock | 44,923 | $15.5186 | $697K |
Footnotes (1)
- 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. 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 $14.26 to $16.485, 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 1,364,273 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.
