QuantumScape Corp: chief technology officer Timothy Holme sold 120,000 shares

What happened

• Timothy Holme, chief technology officer, converted derivative securities into shares and sold common stock. The filing shows three conversions totaling 59,186 shares and open-market sales of 75,000, 22,500 and 22,500 shares (total 120,000 shares) on Oct 5, 2026, at a weighted average price of $4.54 for total proceeds of $544,812.

Key details

• Transaction date: Oct 5, 2026. Weighted average sale price: $4.54; reported sale prices ranged from $4.465 to $4.635.
• Sales: 75,000 shares for $340,508; 22,500 shares for $102,152; 22,500 shares for $102,152.
• Conversions/exercises: three conversions of derivative securities for 14,186, 22,500 and 22,500 shares (total 59,186). Some conversion entries are reported as derivative dispositions.
• Holdings reported: filing notes include 1,522,261 shares represented by restricted stock units and performance restricted stock units.
• Agreements and relationships: transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on Jun 10, 2026; the reporting person is co-trustor of trusts with family beneficiaries; Class B common stock is convertible one-for-one into Class A common stock.

Why it may matter

• The filing shows derivative securities were converted into shares and open-market sales occurred on the same date, i.e., converted shares were sold the same day (cashless-style sale).
• The filing does not show why the insider traded or why the company acted.