Holme Timothy 4
4 · QuantumScape Corp · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
QuantumScape (QS) CTO Timothy Holme Sells 161,331 Shares
What Happened
Timothy Holme, Chief Technology Officer of QuantumScape, sold a total of 161,331 shares on March 5, 2026. The transaction reflects conversions of derivative securities into common stock (127,077 and 34,254 shares) at $0.00, followed by open-market sales of those shares at a weighted average price of $6.86. Proceeds reported from the two sales were $872,333 and $235,140, respectively, for total proceeds of $1,107,473. These sales were executed under a Rule 10b5-1 trading plan.
Key Details
- Transaction date: March 5, 2026; Form filed March 6, 2026 (timely filing).
- Sales: 127,077 shares and 34,254 shares sold; weighted average price $6.86; reported price range $6.715–$6.965 (sold in multiple transactions).
- Total proceeds: $1,107,473.
- Derivative activity: Conversions of derivative securities (reported at $0.00) preceded the sales.
- Notable footnotes: F1 — sales executed pursuant to a 10b5-1 plan adopted June 5, 2025. F2 — weighted-average price with range and offer to provide per-price breakdown. F3 — filing notes holdings include 978,348 RSUs/PSUs; F4 — Class B shares are convertable 1:1 to Class A.
- Shares owned after transaction: The Form 4 excerpt provided does not state total post-transaction holdings; footnotes indicate substantial RSU/PSU and convertible Class B interests.
Context
The filing shows derivative securities were converted to shares and those shares were sold the same day — commonly seen when restricted awards vest or when convertible holdings are converted before sale. The transactions were carried out under a pre-established 10b5-1 plan, which typically schedules trades in advance and is intended to avoid questions about trading on inside information. Sales are routine insider activity and do not, by themselves, prove management sentiment about the stock.
Insider Transaction Report
- Conversion
Class A Common Stock
2026-03-05+127,077→ 1,235,259 total - Sale
Class A Common Stock
[F1][F2][F3]2026-03-05$6.86/sh−127,077$872,333→ 1,108,182 total - Conversion
Class A Common Stock
2026-03-05+34,254→ 34,254 total(indirect: By Trust) - Sale
Class A Common Stock
[F1][F2]2026-03-05$6.86/sh−34,254$235,140→ 0 total(indirect: By Trust) - Conversion
Class B Common Stock
[F4]2026-03-05−127,077→ 7,606,984 total→ Class A Common Stock (127,077 underlying) - Conversion
Class B Common Stock
[F4]2026-03-05−34,254→ 1,415,433 total(indirect: By Trust)→ Class A Common Stock (34,254 underlying)
Footnotes (4)
- [F1]The exercise and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 5, 2025.
- [F2]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.715 to $6.965, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.
- [F3]Includes 978,348 shares represented by restricted stock units ("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.
- [F4]Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the Reporting Person's election and has no expiration date.