Jagdeep Singh - Nov 16, 2023 Form 4 Insider Report for QuantumScape Corp (QS)

Role
Chief Executive Officer, Director, Chairman, 10%+ Owner
Signature
/s/ Michael O. McCarthy III, attorney-in-fact
Stock symbol
QS
Transactions as of
Nov 16, 2023
Transactions value $
-$1,068,718
Form type
4
Date filed
11/20/2023, 05:49 PM
Previous filing
Aug 24, 2023
Next filing
Dec 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QS Class A Common Stock Tax liability -$628K -107K -3.22% $5.89 3.21M Nov 16, 2023 Direct F1, F2
transaction QS Class A Common Stock Tax liability -$441K -74.5K -2.32% $5.92 3.13M Nov 17, 2023 Direct F1, F3, F4
holding QS Class A Common Stock 971K Nov 16, 2023 By: The Singh Family Trust UDT dated October 3, 1996
holding QS Class A Common Stock 6.06M Nov 16, 2023 By Trusts F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 $5.83 to $6.14, 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 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.81 to $6.0105, 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.
F4 Includes 1,604,077 shares represented by RSUs. Each RSU represents the Reporting Person's right to receive one share of Class A Common Stock of the Issuer. A portion of the RSUs vest each quarter, subject to the Reporting Person's continued service as of each vesting date.
F5 The Reporting Person's family members are beneficiaries of the trusts. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.