Hettrich Kevin 4

What Happened
Kevin Hettrich, Chief Financial Officer of QuantumScape (QS), reported the sale of 9,800 shares of Class A common stock on July 2, 2026. The shares were disposed in open-market transactions for a total of $71,362, at a weighted average price of $7.28 per share (individual trade prices ranged from $6.985 to $7.785). This was a sale (not a purchase) and was effected under a pre-established Rule 10b5-1 trading plan adopted by Mr. Hettrich on June 11, 2025.

Key Details

• Transaction date: 2026-07-02 (reported on Form 4 filed 2026-07-07). Filing was timely given the July 3 holiday observance; due date was July 7.
• Shares sold: 9,800; weighted avg price: $7.28; price range: $6.985–$7.785. Total proceeds ≈ $71,362.
• Shares owned/subject to award after transaction: filing discloses 1,356,436 shares represented by RSUs and PSUs (each unit converts to one share). The form does not disclose a separate total beneficial ownership figure beyond these award holdings.
• Notable footnotes: sale executed pursuant to a Rule 10b5-1 plan (adopted 6/11/2025); weighted-average price reported with an offer to provide a per-price breakdown on request; RSUs vest quarterly and PSUs vest on performance milestones subject to continued service.

Context
Sales under 10b5-1 plans are pre-planned and common for insiders to diversify or meet liquidity needs; they should not be read as a comment on company fundamentals. The reported RSUs/PSUs represent deferred or performance-based compensation and vest over time or upon achievement of targets.