Holme Timothy 4

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.