QuantumScape Corp — Director's Dealing 2021

May 26, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QuantumScape Corp (QS)
CIK: 0001811414
Period of Report: 2021-05-20

Reporting Person: Saluja Dipender (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-20	Class A Common Stock	C	14022837	$0.00	Acquired	16950675	Indirect
2021-05-21	Class A Common Stock	J	3390135	$0.00	Disposed	13560540	Indirect
2021-05-21	Class A Common Stock	J	2744	$0.00	Acquired	2744	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-05-20	Class B Common Stock	$	C	14022837	Disposed		Class A Common Stock (14022837)	Indirect

Footnotes

F1: Each share of Class B Common Stock converted into Class A Common Stock on a one-to-one basis at the Reporting Person's election and had no expiration date.

F2: The Reporting Person has shared voting and investment power over the shares held by Capricorn-Libra Investment Group, LP. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or any other purpose.

F3: Represents a pro rata distribution of shares of Class A Common Stock, without additional consideration, by the holder to its general partner and limited partners. The Reporting Person did not receive any shares in this
distribution.

F4: Represents the receipt of shares of Class A Common Stock pursuant to a pro rata distribution effected by Technology Impact Growth Fund, LP, to its partners including the Reporting Person, for no additional consideration.