Sivaram Srinivasan 4

What Happened

• Sivaram Srinivasan, Chief Executive Officer of QuantumScape (QS), reported a gift (transaction code G) of 212,075 shares on 2026-04-30. The transaction is reported as a disposition with a $0.00 price (no cash received), consistent with a transfer by gift to trusts for estate planning.

Key Details

• Transaction date: 2026-04-30; Form 4 filed: 2026-05-01 (timely filing).
• Shares transferred/disposed: 212,075; reported price/value: $0.00 (gift).
• Footnote F1: Transfer to a trust for estate planning purposes. Footnote F3: Reporting person is co‑trustee and family members are trust beneficiaries.
• Footnote F2: The filing notes holdings include 4,570,384 shares represented by RSUs and PSUs (each unit converts to one share on vesting); these units vest over time or upon performance and are subject to continued service.
• The filing does not report sale proceeds — this was a non‑cash transfer, not an open‑market sale.

Context

• Gifts are not the same as selling stock on the open market and do not necessarily signal the insider’s view on the company’s outlook; they are often done for estate or tax planning.
• Because the transfer was to trusts where the reporting person is co‑trustee and family are beneficiaries, this is an internal estate planning move rather than a third‑party disposition.