Sivaram Srinivasan 4
4 · QuantumScape Corp · Filed May 20, 2026
Research Summary
AI-generated summary of this filing
QuantumScape CEO Sivaram Srinivasan Sells 67,369 Shares
What Happened
Sivaram Srinivasan, CEO of QuantumScape (QS), disposed of 67,369 shares on May 18, 2026 as a tax-withholding sale tied to the release of restricted stock units (RSUs). The weighted average sale price was $7.37 per share, with the transaction yielding $496,651. This was a sell-to-cover for tax obligations (transaction code F), a routine administrative sale rather than an open-market investment purchase.
Key Details
- Transaction date: 2026-05-18 (reported on Form 4 filed 2026-05-20 — timely filing).
- Shares sold: 67,369; weighted average price reported $7.37; prices in individual trades ranged $7.21–$8.01.
- Proceeds: $496,651 (approx.).
- Reason: Sale to cover tax withholding on RSU/PSU vesting (Footnote F1; transaction code F).
- Holdings note: Form notes 4,453,301 shares are represented by RSUs and PSUs (each unit converts to one share; RSUs vest quarterly, PSUs vest on performance milestones).
- Other footnotes: reporting person is co‑trustee of trusts with family beneficiaries (F4).
- Filing timeliness: Filed within the standard Form 4 window (not late).
Context: This was a cashless "sell to cover" tied to equity compensation vesting — a routine administrative transaction to satisfy tax obligations and not necessarily an indicator of the CEO’s view on the company’s stock.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1][F2][F3]2026-05-18$7.37/sh−67,369$496,651→ 5,160,016 total
- 360,000(indirect: By Trust)
Class A Common Stock
[F4]
Footnotes (4)
- [F1]Represents a sale to cover tax obligations on the release of restricted stock units ("RSUs").
- [F2]This transaction was executed in multiple trades at prices ranging from $7.21 USD to $8.01 USD; the price reported above reflects the weighted average sale price.
- [F3]Includes 4,453,301 shares represented by RSUs and performance restricted stock units ("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.
- [F4]The Reporting Person is a Co-Trustee of the trusts and his family members are beneficiaries of the trusts.