QuantumScape Corp — Director's Dealing 2023

May 19, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QuantumScape Corp (QS)
CIK: 0001811414
Period of Report: 2023-05-16

Reporting Person: Singh Jagdeep (Director, Chief Executive Officer, 10% Owner, Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-05-16	Class A Common Stock	F	57844	$5.832	Disposed	3592752	Direct
2023-05-17	Class A Common Stock	F	74943	$6.0813	Disposed	3517809	Direct
2023-05-18	Class A Common Stock	F	40747	$6.0468	Disposed	3477062	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	970877	Indirect
Class A Common Stock	6062408	Indirect

Footnotes

F1: Represents a sale to cover tax obligations on the release of restricted stock units ("RSUs").

F2: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.77 to $5.90, 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: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.83 to $6.21, 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.

F4: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.98 to $6.12, 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 2,206,795 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.

F6: The Reporting Person's family members are beneficiaries of the trusts. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.