QuantumScape Corporation is asking stockholders to approve three items at its 2026 virtual annual meeting: the election of 10 directors, ratification of Ernst & Young LLP as independent auditor for 2026, and an advisory say‑on‑pay vote on executive compensation.
The meeting is scheduled for June 3, 2026 at 9:00 a.m. Pacific Time, conducted online via live audio webcast. The record date is April 9, 2026. The company highlights 2025 as a pivotal year, citing progress toward commercializing its solid‑state lithium‑metal battery technology, new automotive OEM customers, expanded partnerships and its first customer billings.
The board emphasizes strong governance, with 10 of 11 current directors deemed independent and separated roles for CEO and independent chairman. Executive pay is heavily performance‑linked, with about 90% of CEO and 89% of other named executive officers’ target compensation classified as at‑risk, largely through performance‑based RSUs and annual incentives tied to technical, operational and commercial milestones.
QuantumScape reported first-quarter 2026 results alongside an operational update on its solid-state lithium-metal battery programs. The company completed installation of its highly automated Eagle Line pilot production line, began start-up operations, and started producing initial volumes of QSE-5 cells to support future customer shipments.
GAAP operating expenses were $109 million, and GAAP net loss was $100.8 million, with Adjusted EBITDA loss of $63.2 million in line with expectations. QuantumScape reiterated full-year 2026 guidance for Adjusted EBITDA loss of $250–$275 million and capital expenditures of $40–$60 million, after Q1 capex of $10 million. Customer billings were $11 million, and liquidity at quarter end was $904 million, reflecting a substantial cash and marketable securities position to fund development.
Hettrich Kevin reported acquisition or exercise transactions in this Form 4 filing.
QuantumScape Corp’s Chief Financial Officer Kevin Hettrich received equity awards in the form of restricted and performance stock units. On April 14, 2026, he was granted 430,266 Class A share-equivalent RSUs and PSUs at no cash cost as part of his compensation.
He also received a separate grant of 86,053 RSUs that vest based on QuantumScape’s total shareholder return versus indexed peers during a performance period from January 1, 2026 to December 31, 2028. Following these awards, he held 1,874,237 Class A shares, including 1,409,495 represented by RSUs and PSUs that vest over time and upon achievement of performance milestones, subject to his continued service.
MCCARTHY MICHAEL O III reported acquisition or exercise transactions in this Form 4 filing.
QuantumScape Corp’s Chief Legal Officer, Michael O. McCarthy III, received new equity awards in the form of Class A Common Stock-based units. On April 14, 2026, he was granted 519,287 restricted and performance stock units, where 40% are RSUs that vest quarterly and 60% are PSUs that vest only if certain performance milestones are met, all requiring continued service. He was also granted 103,857 additional RSUs that may vest based on the company’s total shareholder return from January 1, 2026 through December 31, 2028, again contingent on continued service. Following these awards, he holds 1,577,363 shares directly, including 1,485,965 represented by RSUs and PSUs, plus 137,888 shares held indirectly through a trust for which he is the grantor.
Singh Mohit reported acquisition or exercise transactions in this Form 4 filing.
QuantumScape Corp reported that Chief Development Officer Mohit Singh received equity awards in the form of Class A Common Stock on April 14, 2026. He was granted 519,287 restricted and performance stock units at no cash cost, increasing his direct holdings to 1,749,178 shares after this grant.
On the same date, he received an additional 103,857 restricted stock units, bringing his direct holdings to 1,853,035 Class A shares, including 1,601,492 shares represented by RSUs and PSUs. The RSUs generally vest quarterly, while PSUs and certain RSUs vest based on performance milestones and relative total shareholder return through December 31, 2028, subject to continued service.
QuantumScape Corp reported that Chief Operating Officer Luca Giovanni Fasoli received equity awards in the form of Class A Common Stock units. He was granted 667,655 restricted and performance stock units and a separate grant of 133,531 restricted stock units, both at no cash cost to him.
The first grant consists of 40% restricted stock units (RSUs) that vest quarterly and 60% performance restricted stock units (PSUs) that vest when specified performance milestones are achieved, in each case requiring continued service. The second RSU grant vests based on QuantumScape’s total shareholder return relative to indexed companies over a performance period from January 1, 2026 to December 31, 2028, also requiring continued service.
Following these awards, Fasoli’s direct holdings increased to 2,047,408 shares of Class A Common Stock, including 1,960,511 shares represented by RSUs and PSUs that will only convert into shares as vesting conditions are met.
Holme Timothy reported acquisition or exercise transactions in this Form 4 filing.
QuantumScape Corp’s Chief Technology Officer, Timothy Holme, received equity awards in the form of Class A Common Stock on April 14, 2026. He was granted restricted stock units (RSUs) and performance restricted stock units (PSUs), together covering 658,752 shares, and now holds 1,766,934 shares directly.
The first award mixes RSUs (40%) that vest quarterly and PSUs (60%) that vest upon achieving performance milestones, all subject to continued service. A second RSU grant will vest based on QuantumScape’s total shareholder return versus an index group over a January 1, 2026 to December 31, 2028 performance period.
Sivaram Srinivasan reported acquisition or exercise transactions in this Form 4 filing.
QuantumScape Corp disclosed that CEO Sivaram Srinivasan received new equity compensation awards in the form of Class A Common Stock–settled units. On April 14, 2026, he was granted 1,483,678 RSUs/PSUs (30% RSUs, 70% PSUs) and a separate grant of 296,735 RSUs, each unit representing one share.
The quarterly-vesting RSUs and performance-based PSUs vest over time and upon achievement of performance milestones, subject to his continued service. After these awards, Srinivasan directly holds 5,439,460 shares of Class A Common Stock, including 4,570,384 shares represented by RSUs and PSUs, and has an additional 360,000 shares held indirectly through family trusts where he is co-trustee.
QuantumScape Corp Chief Financial Officer Kevin Hettrich reported an open-market sale of 9,800 shares of Class A Common Stock at a weighted average price of $6.2036 per share. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Following the sale, Hettrich directly holds 1,357,918 shares of Class A Common Stock, including 893,176 shares represented by restricted stock units and performance stock units that vest over time based on service and performance conditions.
QuantumScape Corp director Jeffrey B. Straubel sold 27,106 shares of Class A Common Stock in an open-market transaction at a weighted average price of $6.1689 per share. The trade was executed on April 2, 2026 under a pre-arranged Rule 10b5-1 trading plan adopted on June 13, 2025.
Following this sale, Straubel directly owns 158,404 shares of QuantumScape, which includes 48,192 shares represented by restricted stock units that will settle into common stock as they vest, subject to his continued service.