MCCARTHY MICHAEL O III 4

What Happened

• Michael O. McCarthy III, Chief Legal Officer of QuantumScape (QS), disposed of a total of 75,000 shares in two open-market sales: 30,000 shares on 2026-03-04 at a reported weighted average price of $6.90 (total $207,144) and 45,000 shares on 2026-03-06 at $6.73 (total $302,859). Combined proceeds from the sales were $510,003. These were sales (S) — not purchases or option exercises.

Key Details

• Transaction dates and prices:
  • 2026-03-04: 30,000 shares, weighted avg $6.90 (footnote: these were sold across multiple trades at prices ranging $6.90–$6.92).
  • 2026-03-06: 45,000 shares at $6.73.
• Total disposed: 75,000 shares for $510,003.
• Shares owned after transaction: The filing notes beneficial ownership that includes 862,821 shares represented by RSUs and PSUs; the Form 4 details on the exact total shares owned after these sales were not provided in the summary data shown here. (Footnote: RSUs vest quarterly; PSUs vest on performance milestones, both subject to continued service.)
• Other footnotes: Reporting person is grantor of the trust (F3).
• Filing timeliness: The Form 4 was filed on 2026-03-06 for transactions reported on 2026-03-04 and 2026-03-06 — the filing was not indicated as late.

Context

• These were outright sales reported by an executive (officer), which are often routine (e.g., for diversification or tax/liquidity purposes); Form 4 filings state transactions but do not explain motivations. The RSUs/PSUs mentioned are restricted awards that convert to shares on vesting or performance — separate from the open-market sales reported here.