NIEBERGALL ROSS 4

What Happened Ross Niebergall, a director of QuantumScape Corp (QS), received an award of 24,183 restricted stock units (RSUs) on June 3, 2026. The RSUs were granted as part of the company’s Outside Director Compensation Policy and were recorded at $0.00 per share (award/grant). Each RSU represents the right to receive one share of Class A common stock upon vesting.

Key Details

• Transaction type: Award/Grant (Form 4 code A)
• Transaction date: June 3, 2026; reported on Form 4 filed June 5, 2026 (timely filing)
• Shares granted: 24,183 RSUs; grant price reported $0.00 (no cash paid)
• Vesting: 100% of these RSUs vest on the earlier of the one-year anniversary of the June 3, 2026 annual meeting or the day before the next annual meeting, subject to continued service (per footnote F1)
• Holdings note: Filing states it “includes 65,156 shares represented by RSUs” (footnote F2); the RSUs represent rights to one share each
• No indication of sale or option exercise; this is a compensation grant to an outside director

Context RSUs are a form of deferred equity compensation: they convert to shares only when they vest and typically reflect routine director compensation rather than open-market buying or selling. Because this is an annual automatic award under the Outside Director Compensation Policy, it should be viewed as part of standard director pay, not as an immediate market bet by the insider.