Holme Timothy 4

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.