Sivaram Srinivasan 4

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.