Sivaram Srinivasan 4

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.