Michael O. McCarthy III, Chief Legal Officer of QuantumScape Corp, filed a Form 4 on November 6, 2026, disclosing the acquisition of 598,086 restricted stock units granted by the company on November 4, 2026.

Key Highlights

  • RSU grant: McCarthy acquired 598,086 RSUs on November 4, 2026, at a price of $0.00, according to the filing.
  • Vesting schedule: One-third of the RSUs vest on November 15, 2027, with one-sixth vesting semi-annually thereafter, subject to continued service.
  • Direct holdings after transaction: The filing reports 2,125,860 shares of Class A Common Stock beneficially owned directly following the transaction.
  • Indirect holdings: McCarthy also holds 137,888 shares of Class A Common Stock indirectly through a trust of which he is the grantor.
  • RSU and PSU component: The 2,125,860 direct holdings figure includes 1,978,169 shares represented by RSUs and performance restricted stock units (PSUs).
  • Role: The reporting person is identified as Chief Legal Officer of QuantumScape Corp (NASDAQ:QS).

QuantumScape CLO McCarthy Discloses RSU Award and Beneficial Ownership

According to the Form 4 filed with the SEC on November 6, 2026, QuantumScape Corp (NASDAQ:QS) granted 598,086 restricted stock units to Michael O. McCarthy III, its Chief Legal Officer, with a transaction date of November 4, 2026. The filing records the acquisition under transaction code "A" at a price of $0.00 per unit. Each RSU represents the right to receive one share of Class A Common Stock of the issuer.

The filing states that the RSUs vest over three years: one-third vest on November 15, 2027, and one-sixth vest semi-annually thereafter, in each case subject to McCarthy's continued service as of each vesting date. Following the reported transaction, the filing discloses that McCarthy directly holds 2,125,860 shares of Class A Common Stock, a figure that includes 1,978,169 shares represented by previously outstanding RSUs and performance restricted stock units. PSUs vest upon achievement of certain performance milestones, subject to continued service, while the existing RSUs vest each quarter, according to the filing.

Additionally, the filing reports 137,888 shares of Class A Common Stock held indirectly through a trust, with the filing noting that McCarthy is the grantor of that trust. The Form 4 was signed by Michael O. McCarthy III and dated November 6, 2026.

What Was Disclosed

The filing disclosed an RSU grant of 598,086 units to QuantumScape's Chief Legal Officer on November 4, 2026, along with his resulting direct beneficial ownership of 2,125,860 shares and indirect ownership of 137,888 shares held through a trust.