QuantumScape (QS) COO Luca Fasoli Sells 87,476 Shares

What Happened
Luca Giovanni Fasoli, Chief Operating Officer of QuantumScape (QS), disposed of 87,476 shares on 2026-02-18 to satisfy tax obligations related to the release of performance restricted stock units (PSUs). The filing reports a weighted average sale price of $7.14 per share for total proceeds of $624,972. The shares were sold in multiple transactions at prices ranging from $6.96 to $7.29.

Key Details

• Transaction date: 2026-02-18 (reported on Form 4 filed 2026-02-20).
• Transaction type/code: Sale to cover tax withholding on vested awards (code F).
• Shares sold: 87,476.
• Price: Weighted average $7.14; individual sale prices ranged $6.96–$7.29 (footnote F2).
• Proceeds: $624,972.
• Holdings note: Footnote F3 states holdings include 1,159,325 shares represented by RSUs and PSUs (RSUs vest quarterly; PSUs vest on performance milestones). The filing does not specify a separate total "owned following" number beyond the footnote.
• Footnotes: F1 = sale to cover tax on PSU release; F2 = weighted-average price and multiple-sale range; F3 = explanation of RSU/PSU holdings and vesting.
• Filing timeliness: Reported two days after the transaction (filed 2026-02-20 for a 2026-02-18 transaction), consistent with timely Form 4 reporting.

Context
This was a tax-withholding sale tied to the vesting/release of equity awards (PSUs/RSUs), a common, routine insider transaction that provides liquidity to cover taxes rather than a discretionary sell signal. PSUs depend on performance milestones and RSUs vest over time; the sale does not by itself indicate the COO’s broader view of the company. Purchases by insiders are generally more informative about confidence, while withholding sales are typically administrative.