Hettrich Kevin 4

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.