Hettrich Kevin 4
4 · QuantumScape Corp · Filed May 20, 2026
Research Summary
AI-generated summary of this filing
QuantumScape (QS) CFO Kevin Hettrich Sells 30,535 Shares
What Happened
Kevin Hettrich, Chief Financial Officer of QuantumScape (QS), disposed of 30,535 shares on May 18, 2026 to cover tax obligations triggered by the release of restricted stock units (RSUs). The weighted-average sale price was $7.37 per share, producing proceeds of approximately $225,107. This was a tax-withholding sale (transaction code F), not an open-market investment decision.
Key Details
- Transaction date: 2026-05-18; filing date: 2026-05-20 (filed two days after the transaction).
- Price: multiple trades executed at $7.21–$8.01; weighted average reported $7.37.
- Shares sold/disposed: 30,535. Proceeds: ~$225,107.
- Footnotes: F1 — sale to cover tax on RSU release; F2 — multiple trades with price range; F3 — filing notes 1,356,436 shares are represented by RSUs/PSUs (these shares vest over time or on performance).
- Transaction code: F (tax withholding). The excerpt did not separately list a total beneficial-ownership figure after the disposal beyond the RSU/PSU disclosure.
Context
This was a routine tax-withholding sale associated with RSU/PSU vesting (cashless/tax-covering disposition), a common administrative transaction that typically does not signal a change in an insider’s view of the company. Sales to cover taxes are generally less informative than purchases for gauging insider sentiment.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1][F2][F3]2026-05-18$7.37/sh−30,535$225,107→ 1,843,702 total
Footnotes (3)
- [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 1,356,436 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.