NIEBERGALL ROSS 4

What Happened Ross Niebergall, a director of QuantumScape (QS), was granted a total of 47,375 restricted stock units (RSUs) on March 4, 2026 — 40,973 RSUs (initial outside-director award) and 6,402 RSUs (pro‑rated annual outside-director award). The grant price is reported as $0.00 because these are equity awards, not cash purchases; no cash was paid at grant.

Key Details

• Transaction date: March 4, 2026; Form 4 filed March 6, 2026 (timely filing within the standard reporting window).
• Grants: 40,973 RSUs (initial award) and 6,402 RSUs (pro‑rated annual award); total = 47,375 RSUs.
• Reported transaction price/value: $0.00 (RSU grants; value realized upon vesting and delivery of shares).
• Shares owned following the transaction: not specified in this Form 4 filing.
• Footnotes:
  • F1: The 40,973 RSUs are an initial award under the Outside Director Compensation Policy and vest quarterly over three years, subject to continued service.
  • F2: The 6,402 RSUs are a pro‑rated annual award under the same policy and vest 100% on the earlier of the one‑year anniversary of the grant or the day before the next annual stockholder meeting, subject to continued service.

Context RSU grants to outside directors are common as non‑cash compensation and convert to shares only as they vest; they do not involve an immediate market purchase or sale. Such awards should be viewed as routine director compensation unless accompanied by other transactions (e.g., open‑market purchases or sales) that might signal a different intent.