Fasoli Luca Giovanni 4
4 · QuantumScape Corp · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
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.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1][F2][F3]2026-02-18$7.14/sh−87,476$624,972→ 1,233,766 total
Footnotes (3)
- [F1]Represents a sale to cover tax obligations on the release of performance restricted stock units ("PSUs").
- [F2]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.96 to $7.29, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.
- [F3]Includes 1,159,325 shares represented by restricted stock units ("RSUs") and PSUs. Each RSU/PSU represents the Reporting Person's right to receive one share of Class A Common Stock of the Issuer. The RSUs vest each quarter and the PSUs vest upon achievement of certain performance milestones, in both cases subject to the Reporting Person's continued service as of each vesting date.