Holme Timothy 4
4 · QuantumScape Corp · Filed May 22, 2026
Research Summary
AI-generated summary of this filing
QuantumScape (QS) CTO Timothy Holme Sells Shares
What Happened
Timothy Holme, Chief Technology Officer of QuantumScape (QS), converted derivative securities into 118,417 shares and sold those shares in open-market transactions on May 21, 2026. The sales generated total proceeds of approximately $974,862 (weighted-average price $8.23). The underlying conversions showed zero cash cost (conversion of derivative securities), and the shares were promptly disposed.
Key Details
- Transaction date: 2026-05-21; Form 4 filed: 2026-05-22 (appears timely).
- Sales: 92,972 shares sold for $765,383 and 25,445 shares sold for $209,479; combined proceeds ≈ $974,862.
- Price: weighted-average $8.23; reported per-share sale prices ranged from $7.955 to $8.485 (F2).
- Conversion: The shares were acquired via conversion of derivative securities (code C) and then sold (code S).
- Trading plan: Sales were conducted pursuant to a pre-established Rule 10b5-1 trading plan adopted June 5, 2025 (F1).
- Holdings note: The filing does not state the reporter’s total shares after these transactions. Footnotes indicate Holme has RSUs/PSUs representing 1,582,672 shares (vest over time/performance) and holds Class B shares convertible one-for-one into Class A (F3,F4).
Context
This was a conversion-plus-sale executed under a 10b5-1 plan, which is a prearranged program that allows insiders to sell shares according to preset rules. Conversions of derivative securities followed by immediate sales are commonly used to monetize vested awards; such sales are routine and not, by themselves, definitive statements about the insider’s view of the company.
Insider Transaction Report
- Conversion
Class A Common Stock
2026-05-21+92,972→ 1,805,478 total - Sale
Class A Common Stock
[F1][F2][F3]2026-05-21$8.23/sh−92,972$765,383→ 1,712,506 total - Conversion
Class A Common Stock
2026-05-21+25,445→ 25,445 total(indirect: By Trust) - Sale
Class A Common Stock
[F1][F2]2026-05-21$8.23/sh−25,445$209,479→ 0 total(indirect: By Trust) - Conversion
Class B Common Stock
[F4]2026-05-21−92,972→ 7,259,858 total→ Class A Common Stock (92,972 underlying) - Conversion
Class B Common Stock
[F4]2026-05-21−25,445→ 1,321,480 total(indirect: By Trust)→ Class A Common Stock (25,445 underlying)
Footnotes (4)
- [F1]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.
- [F2]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.955 to $8.485, 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 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.
- [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.