Sivaram Srinivasan 4
4 · QuantumScape Corp · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
QuantumScape (QS) CEO Sivaram Srinivasan Sells 283,806 Shares
What Happened
Sivaram Srinivasan, CEO of QuantumScape (QS), sold a total of 283,806 shares in two tax-withholding transactions tied to the release of RSUs and PSUs. On 2026-02-18 he disposed of 246,631 shares at a weighted average price of $7.14 for proceeds of $1,762,055 (prices ranged $6.96–$7.29). On 2026-02-19 he disposed of 37,175 shares at a weighted average price of $7.08 for proceeds of $263,043 (prices ranged $6.99–$7.21). Total proceeds were about $2.03 million. These sales were to satisfy tax obligations on vested restricted awards (routine tax-withholding).
Key Details
- Transaction dates and prices:
- 2026-02-18: 246,631 shares, weighted avg $7.14 (range $6.96–$7.29), proceeds $1,762,055. (Footnotes F1, F2)
- 2026-02-19: 37,175 shares, weighted avg $7.08 (range $6.99–$7.21), proceeds $263,043. (Footnotes F1, F3)
- Reason: Sales were executed to cover tax withholding on RSU/PSU vesting (Footnote F1).
- Holdings after the transaction: Not specified in this Form 4 filing.
- Other notable footnotes:
- F4: The filing references 2,789,971 RSU/PSU units (each convertible to one share) that vest over time or upon performance.
- F5: Reporting person is a co-trustee of trusts benefiting family members.
- Timeliness: Filed on 2026-02-20 for transactions on 2026-02-18 and 02-19 — appears timely (no late filing indicated).
Context
These were tax-withholding (F code) sales associated with the vesting/release of restricted and performance stock units, not open-market discretionary sales. Such “sell to cover” transactions are routine and intended to satisfy tax obligations; they do not necessarily indicate a change in the insider’s view of the company.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1][F2]2026-02-18$7.14/sh−246,631$1,762,055→ 3,627,392 total - Tax Payment
Class A Common Stock
[F1][F3][F4]2026-02-19$7.08/sh−37,175$263,043→ 3,590,217 total
- 360,000(indirect: By Trust)
Class A Common Stock
[F5]
Footnotes (5)
- [F1]Represents a sale to cover tax obligations on the release of restricted stock units ("RSUs") and performance restricted stock units ("PSUs").
- [F2]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.96 to $7.29, 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 $6.99 to $7.21, 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 2,789,971 shares represented by RSUs and 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.
- [F5]The Reporting Person is a Co-Trustee of the trusts and his family members are beneficiaries of the trusts.