[Form 4] QuantumScape Corp Insider Trading Activity
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.