QuantumScape Corp — Director's Dealing 2024

Apr 10, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QuantumScape Corp (QS)
CIK: 0001811414
Period of Report: 2024-04-05

Reporting Person: Hettrich Kevin (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-04-05	Class A Common Stock	A	622210	—	Acquired	1178512	Direct
2024-04-08	Class A Common Stock	M	34607	$1.3252	Acquired	1213119	Direct
2024-04-08	Class A Common Stock	S	34607	$6.1438	Disposed	1178512	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-04-08	Stock Option (right to buy)	$1.3252	M	34607	Disposed	2027-03-15	Class A Common Stock (34607)	Direct

Footnotes

F1: The Issuer granted restricted stock units ("RSUs") (50%) and performance restricted stock units ("PSUs") (50%) to the Reporting Person. Each RSU and 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.

F2: 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.

F3: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.06 to $6.255, 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: Includes 1,147,198 shares represented by RSUs and PSUs. Each RSU and 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.