Holme Timothy 4
4 · QuantumScape Corp · Filed Jun 4, 2026
Research Summary
AI-generated summary of this filing
QuantumScape (QS) CTO Timothy Holme Sells 190,935 Shares
What Happened
Timothy Holme, Chief Technology Officer of QuantumScape, converted derivative securities into common stock and sold a total of 190,935 shares on June 2, 2026. The open-market sales generated aggregate proceeds of $1,774,898 (reported as $1,397,345 for 150,320 shares and $377,553 for 40,615 shares). The sales were reported at a weighted average price of $9.30 per share (individual sale prices ranged from $9.06 to $9.635).
Key Details
- Transaction date: June 2, 2026. Form filed June 4, 2026 (timely filing).
- Sales: 150,320 shares for $1,397,345 and 40,615 shares for $377,553; total 190,935 shares sold for $1,774,898. Reported weighted average price: ~$9.30. Price range: $9.06–$9.635 (per footnote).
- Conversion entries: The filing shows conversions of derivative securities into shares (acquired at $0) that correspond to the shares sold. For clarity, conversions are recorded at $0 in the Form 4.
- Plan: Sales were executed pursuant to a Rule 10b5-1 trading plan adopted by Holme on June 5, 2025 (footnote F1).
- Holdings note: The filing references 1,582,672 shares represented by RSUs and PSUs (each convertible to one share) and notes that Class B shares are convertible 1:1 to Class A (footnotes F3–F4).
- Filing timeliness: No late filing flag; Form 4 was filed two days after the transactions.
Context
This was a sale of shares (not a purchase). The sales followed conversions of derivative holdings into common stock and were carried out under a pre-established 10b5-1 plan, which is commonly used to avoid questions about trading on insider information. The filing does not include a complete post-transaction beneficial ownership total in the excerpt provided; consult the full Form 4 for Holme’s total holdings and vesting schedules for RSUs/PSUs.
Insider Transaction Report
- Conversion
Class A Common Stock
2026-06-02+150,320→ 1,862,826 total - Sale
Class A Common Stock
[F1][F2][F3]2026-06-02$9.30/sh−150,320$1,397,345→ 1,712,506 total - Conversion
Class A Common Stock
2026-06-02+40,615→ 40,615 total(indirect: By Trust) - Sale
Class A Common Stock
[F1][F2]2026-06-02$9.30/sh−40,615$377,553→ 0 total(indirect: By Trust) - Conversion
Class B Common Stock
[F4]2026-06-02−150,320→ 7,109,538 total→ Class A Common Stock (150,320 underlying) - Conversion
Class B Common Stock
[F4]2026-06-02−40,615→ 1,280,865 total(indirect: By Trust)→ Class A Common Stock (40,615 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 $9.06 to $9.635, 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.