QuantumScape CTO Timothy Holme Sells Shares After RSU Vesting

What Happened
Timothy Holme, Chief Technology Officer of QuantumScape (QS), reported sales tied to the vesting and conversion of restricted stock units (RSUs)/performance RSUs. Across Aug 18–19, 2026 he disposed of 75,962 shares in total for aggregate proceeds of approximately $436,916:

• 34,086 shares sold (payment to cover tax obligations) at a weighted average price of $5.74 (proceeds ~$195,807).
• 20,345 shares sold in open-market transactions at a weighted average price of $5.76 (proceeds ~$117,140).
• 21,531 shares were converted from derivative securities (RSUs) and then sold in the open market at a weighted average price of $5.76 (proceeds ~$123,969).
  One conversion line shows acquisition of 21,531 shares at $0.00 (conversion of RSUs/PSUs) and an immediate sale the same day — effectively a cashless settlement tied to vesting.

Key Details

• Dates: Transactions occurred on 2026-08-18 and 2026-08-19; Form 4 filed 2026-08-20 (appears timely).
• Prices: Reported weighted averages: $5.74 (tax-withholding sale); $5.76 (open-market sales). Footnotes indicate the sales were executed in multiple trades at price ranges of $5.66–$5.93 and $5.625–$5.875; the filer will provide per-trade breakdown on request.
• Shares sold: 34,086 (tax withholding) + 20,345 (open market) + 21,531 (converted RSUs then sold) = 75,962 shares sold. Total reported proceeds ≈ $436,916.
• Holdings after transaction: The filing notes (footnote) that Holme’s reported position includes 1,522,261 shares represented by RSUs/PSUs (each converts to one Class A share); the Form 4 summary provided here did not list a full post-transaction total beneficial ownership.
• Relevant footnotes: Sales to cover tax obligations on RSU release; sales effected pursuant to a Rule 10b5‑1 trading plan adopted June 5, 2025; weighted-average pricing and price ranges disclosed.
• Transaction codes: F = tax withholding sale, S = open‑market sale, C = conversion of derivative (RSU/PSU conversion).

Context: These transactions are routine insider sales tied to RSU/PSU vesting and tax withholding, and many shares were sold under a pre-established 10b5‑1 plan. The conversion of RSUs followed by same-day sales is effectively a cashless settlement rather than a standalone market purchase. As always, insider sales are not direct endorsements of the company’s near-term outlook; purchases tend to carry more informational weight.