QuantumScape Corp — Director's Dealing 2023

Jun 16, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QuantumScape Corp (QS)
CIK: 0001811414
Period of Report: 2023-06-13

Reporting Person: Hettrich Kevin (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-06-13	Class A Common Stock	S	41213	$7.3177	Disposed	703608	Direct
2023-06-13	Class A Common Stock	M	1940	$1.3128	Acquired	705548	Direct
2023-06-13	Class A Common Stock	M	32667	$1.3252	Acquired	738215	Direct
2023-06-13	Class A Common Stock	S	34607	$7.3173	Disposed	703608	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-06-13	Stock Option (Right to Buy)	$1.3128	M	1940	Disposed	2026-05-03	Class A Common Stock (1940)	Direct
2023-06-13	Stock Option (Right to Buy)	$1.3252	M	32667	Disposed	2027-03-15	Class A Common Stock (32667)	Direct

Footnotes

F1: The exercises and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 14, 2023.

F2: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.69 to $7.645, 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 1,000 shares acquired under the Issuer's Employee Stock Purchase Plan on June 1, 2023.

F4: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.69 to $7.655, 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.

F5: Includes 700,309 shares represented by restricted stock units ("RSUs"). Each RSU represents the Reporting Person's right to receive one share of Class A Common Stock of the Issuer. A portion of the RSUs vest each quarter, subject to the Reporting Person's continued service as of each vesting date.