QuantumScape CTO and trusts sell 120,000 shares
Class B shares are convertible at any time into Class A shares one-for-one at the reporting person's election, with no expiration date.
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Form Type
4
Rhea-AI Filing Summary
QuantumScape Corp. Chief Technology Officer Timothy Holme reported converting 59,186 Class B shares into Class A shares on October 5, 2026: 14,186 directly, 22,500 through The Holme 2020 Irrevocable Trust and 22,500 through trusts. He and the trusts also sold 120,000 Class A shares at a weighted average price of $4.5401 per share, with individual sale prices ranging from $4.465 to $4.635. The sales were made under a Rule 10b5-1 trading plan adopted June 10, 2026.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
9 txns
Insider
Holme Timothy
Role
CHIEF TECHNOLOGY OFFICER
Sold
120,000 shs ($545K)
Approx. gross sale proceeds
$545K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock F5 | 14,186 | $0.00 | $0.00 |
| Conversion | Class B Common Stock F5 | 22,500 | $0.00 | $0.00 |
| Conversion | Class B Common Stock F5, F4 | 22,500 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 14,186 | $0.00 | $0.00 |
| Sale | Class A Common Stock F1, F2, F3 | 75,000 | $4.5401 | $341K |
| Conversion | Class A Common Stock | 22,500 | $0.00 | $0.00 |
| Sale | Class A Common Stock F1, F2 | 22,500 | $4.5401 | $102K |
| Conversion | Class A Common Stock F4 | 22,500 | $0.00 | $0.00 |
| Sale | Class A Common Stock F1, F2, F4 | 22,500 | $4.5401 | $102K |
Holdings After Transaction:
Class B Common Stock — 6,992,361 contracts (Direct);
Class B Common Stock — 1,167,357 contracts (Indirect, By: The Holme 2020 Irrevocable Trust);
Class B Common Stock — 1,305,000 contracts (Indirect, By: Trusts);
Class A Common Stock — 1,522,261 shares (Direct);
Class A Common Stock — 0 shares (Indirect, By: The Holme 2020 Irrevocable Trust);
Class A Common Stock — 0 shares (Indirect, By: Trusts)
Footnotes (5)
- F1. The exercise and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 10, 2026.
- F2. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.465 to $4.635, 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.
- F3. Includes 1,522,261 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.
- F4. The Reporting Person is a Co-Trustor of the trusts and his family members are beneficiaries of the trusts.
- F5. 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
Class A shares sold: 120,000 shares
Weighted average sale price: $4.5401 per share
Sale price range: $4.465 to $4.635 per share
+4 more
7 metrics
Class A shares sold
120,000 shares
October 5, 2026
Weighted average sale price
$4.5401 per share
Class A share sales on October 5, 2026
Sale price range
$4.465 to $4.635 per share
Individual sale transactions
Class B shares converted
59,186 shares
Converted into Class A shares on October 5, 2026
Class B shares held directly after transaction
6,992,361 shares
Following the October 5, 2026 conversion
Class B shares held by The Holme 2020 Irrevocable Trust after transaction
1,167,357 shares
Following the October 5, 2026 conversion
Class B shares held by trusts after transaction
1,305,000 shares
Following the October 5, 2026 conversion
Key Terms
Rule 10b5-1 trading plan, weighted average price, restricted stock units, performance restricted stock units
4 terms
Rule 10b5-1 trading plan financial
"effected pursuant to a Rule 10b5-1 trading plan"
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"
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
"shares represented by restricted stock units"
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
"and performance restricted stock units"
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.
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