Holme Timothy 4
4 · QuantumScape Corp · Filed May 20, 2026
Research Summary
AI-generated summary of this filing
QuantumScape (QS) CTO Timothy Holme Sells 215,759 Shares
What Happened
- Timothy Holme, Chief Technology Officer of QuantumScape (QS), had RSUs/PSUs convert into Class A shares and sold shares in multiple transactions. The filing shows conversions of 161,331 derivative shares (127,077 + 34,254) acquired at $0.00 (conversion of RSUs/PSUs), and total share dispositions of 215,759 shares for aggregate proceeds of $1,614,596.
- Dispositions included a sale of 31,322 shares on 2026-05-18 to cover tax withholding (proceeds $230,909) and open‑market sales on 2026-05-20 of 150,183 shares (reported weighted avg $7.50; proceeds $1,126,703) and 34,254 shares (reported weighted avg $7.50; proceeds $256,984). Some converted derivative entries were also shown as disposed (reflecting conversion/sale activity).
Key Details
- Dates: RSU/PSU conversions reported 2026-05-20; tax-withholding sale 2026-05-18; open-market sales 2026-05-20.
- Prices/ranges: tax-withholding sale at $7.37; larger sales reported at weighted averages of $7.50 with price ranges across transactions of $7.16–$8.01 (see footnotes for exact per-trade breakdowns).
- Reason/plan: 31,322 shares sold to cover tax obligations on RSU release (footnote F1). The open-market sales were effected pursuant to a Rule 10b5‑1 trading plan adopted 2025‑06‑05 (footnote F3).
- Holdings note: the filing references 1,582,672 shares represented by RSUs/PSUs (each convertable 1:1 to Class A common stock) and mentions Class B shares are convertible to Class A (footnotes F5, F6).
- Timeliness: Form 4 filed 2026-05-20 for transactions on 2026-05-18 and 2026-05-20 — appears timely (no late filing noted).
Context
- This activity reflects RSU/PSU vesting (conversion of derivative securities) followed by sales, including a sale-to-cover taxes and additional planned sales under a pre-established 10b5‑1 plan. Such sales are often routine (tax withholding or systematic plan sales) and do not necessarily signal management’s view of the company’s prospects.
Insider Transaction Report
Form 4
Holme Timothy
CHIEF TECHNOLOGY OFFICER
Transactions
- Tax Payment
Class A Common Stock
[F1][F2]2026-05-18$7.37/sh−31,322$230,909→ 1,735,612 total - Conversion
Class A Common Stock
2026-05-20+127,077→ 1,862,689 total - Sale
Class A Common Stock
[F3][F4][F5]2026-05-20$7.50/sh−150,183$1,126,703→ 1,712,506 total - Conversion
Class A Common Stock
2026-05-20+34,254→ 34,254 total(indirect: By Trust) - Sale
Class A Common Stock
[F3][F4]2026-05-20$7.50/sh−34,254$256,984→ 0 total(indirect: By Trust) - Conversion
Class B Common Stock
[F6]2026-05-20−127,077→ 7,352,830 total→ Class A Common Stock (127,077 underlying) - Conversion
Class B Common Stock
[F6]2026-05-20−34,254→ 1,346,925 total(indirect: By Trust)→ Class A Common Stock (34,254 underlying)
Footnotes (6)
- [F1]Represents a sale to cover tax obligations on the release of restricted stock units ("RSUs").
- [F2]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.21 to $8.01, 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]The 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.
- [F4]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.16 to $7.675, 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.
- [F5]Includes 1,582,672 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.
- [F6]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.
Signature
/s /Michael O McCarthy III, attorney-in-fact|2026-05-20