Sivaram Srinivasan 4

What Happened Sivaram Srinivasan, CEO of QuantumScape Corp (QS), was granted a total of 1,780,413 equity awards on April 14, 2026: 1,483,678 shares (grant at $0.00) and 296,735 shares (grant at $0.00). These are restricted stock units (RSUs) and performance restricted stock units (PSUs) — i.e., awards that convert to one share of Class A common stock each upon vesting — not open-market purchases or sales.

Key Details

• Transaction date: 2026-04-14; Form 4 filed 2026-04-16 (filed within typical 2-business-day window).
• Price: $0.00 per share (award/grant).
• Total shares granted: 1,780,413 (1,483,678 + 296,735).
• Vesting: Per footnotes, the larger grant is split (30% RSUs / 70% PSUs) with RSUs vesting quarterly and PSUs vesting upon achievement of performance milestones; the smaller grant consists of RSUs eligible to vest based on total shareholder return (TSR) vs. indexed companies for the 2026–2028 performance period. All vesting is subject to continued service.
• Shares reported as held: footnote indicates 4,570,384 shares are represented by RSUs/PSUs (i.e., outstanding unvested awards included in reported holdings).
• Ownership/estate note: the reporting person is a co-trustee of certain trusts and family members are beneficiaries (per footnote).

Context These entries are equity compensation grants (code A — award/acquisition). Because they are RSUs/PSUs with service and performance vesting conditions, they do not represent immediate stock purchases or sales and only become actual shares if/when vesting conditions are met. Such awards are common for executive pay and are not, by themselves, a direct market-timing signal.