Hettrich Kevin 4

What Happened

• Kevin Hettrich, Chief Financial Officer of QuantumScape (QS), received equity awards on 2026-04-14 totaling 516,319 units in two grant entries (430,266 and 86,053). Both entries are reported as awards/acquisitions at $0.00 per share (no cash paid). These awards are equity compensation (restricted stock units and performance restricted stock units), not open-market purchases or sales.

Key Details

• Transaction date and price: 2026-04-14; price reported $0.00 (award/grant).
• Award breakdown on the Form 4: two entries — 430,266 units and 86,053 units (total 516,319).
• Shares/units noted in filing: footnote F3 states the filing includes 1,409,495 shares represented by outstanding RSUs and PSUs.
• Vesting/performance notes:
  • F1: A portion granted as RSUs (vest quarterly) and PSUs (vest on achievement of performance milestones); both subject to continued service.
  • F2: An RSU tranche is eligible to vest based on total shareholder return (TSR) vs. an index over a performance period from 2026-01-01 to 2028-12-31.
• Filing timeliness: Report filed 2026-04-16 for a 2026-04-14 grant — appears timely (filed two days after transaction).

Context

• These awards are compensation grants, not purchases or sales, so they do not represent immediate market buying/selling by the insider. RSUs convert to shares only as they vest; PSUs only convert if performance conditions are met. Such grants are common executive compensation and should be viewed as part of pay rather than an express buy/sell signal.