Singh Mohit 4

What Happened

• Mohit Singh, Chief Development Officer of QuantumScape (QS), sold a total of 131,451 shares as tax-withholding disposals tied to the release of restricted and performance stock units. On 2026-02-18 he sold 107,695 shares at a weighted average price of $7.14 for proceeds of $769,427, and on 2026-02-19 he sold 23,756 shares at a weighted average price of $7.08 for proceeds of $168,093. Total proceeds across both dates were about $937,520. These transactions are reported as tax-withholding sales (transaction code F), not open-market investment sells.

Key Details

• Transaction dates and reported weighted-average prices:
  • 2026-02-18: 107,695 shares @ $7.14 (total ~$769,427). (Footnote: actual sale prices ranged $6.96–$7.29.)
  • 2026-02-19: 23,756 shares @ $7.08 (total ~$168,093). (Footnote: actual sale prices ranged $6.99–$7.21.)
• Purpose: Sales were "sale to cover" tax obligations on RSU and PSU vesting (Footnote F1).
• Holdings notes: Footnotes indicate inclusion of 769 shares from the Employee Stock Purchase Plan (acquired 12/01/2025) and 978,348 shares represented by RSUs/PSUs (Footnotes F3, F5). The Form 4 does not state a single consolidated "shares owned after transaction" total on its face.
• Filing timeliness: Form 4 filed 2026-02-20 for report period 2026-02-18; filing appears timely (within the typical 2-business-day window).
• Additional disclosure: The filer reports weighted-average prices and has offered to provide detailed per-trade pricing within the disclosed ranges upon request (Footnotes F2, F4).

Context

• These were tax-withholding disposals tied to equity awards (RSUs/PSUs) rather than discretionary open-market sales; such transactions are common when awards vest and do not necessarily indicate a change in insider sentiment.
• The RSUs vest quarterly and PSUs vest upon achievement of performance milestones, subject to continued service (per footnote). Transaction code F = tax withholding (disposal).