Timothy Holme, Chief Technology Officer of QuantumScape Corp (NASDAQ:QS), filed a Form 4 on August 25, 2026, disclosing the conversion and sale of 12,723 shares of Class A Common Stock on August 21, 2026, executed through The Holme 2020 Irrevocable Trust.

Key Highlights

  • Shares sold: 12,723 shares of Class A Common Stock were disposed of on August 21, 2026, at a weighted average price of $6.014 per share.
  • Price range: The shares were sold in multiple transactions at prices ranging from $5.955 to $6.115, inclusive.
  • Conversion preceding sale: 12,723 shares of Class B Common Stock were first converted into an equal number of Class A shares at $0.00 on the same date.
  • Ownership after transaction: Following the reported transactions, The Holme 2020 Irrevocable Trust held 0.00 shares of Class A Common Stock directly and 1,212,357 shares of Class B Common Stock indirectly.
  • 10b5-1 plan: The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 5, 2025.
  • Indirect ownership: All reported securities are held indirectly by Timothy Holme through The Holme 2020 Irrevocable Trust.

QuantumScape CTO Timothy Holme Converts and Sells Class B Shares Under Pre-Set Trading Plan

According to the Form 4 filed with the SEC on August 25, 2026, Timothy Holme, serving as Chief Technology Officer of QuantumScape Corp, reported two transactions dated August 21, 2026. First, 12,723 shares of Class B Common Stock held indirectly through The Holme 2020 Irrevocable Trust were converted into 12,723 shares of Class A Common Stock at a conversion price of $0.00. The filing notes that each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

Immediately following the conversion, the filing discloses that all 12,723 resulting Class A shares were sold at a weighted average price of $6.014 per share. The transactions were executed across multiple sales at prices ranging from $5.955 to $6.115, inclusive. The filing states that full information regarding the number of shares sold at each separate price within those ranges is available upon request to the issuer, any security holder, or the SEC staff.

The filing confirms that the sale was carried out pursuant to a Rule 10b5-1 trading plan that Holme adopted on June 5, 2025. Following the reported transactions, the trust held no Class A Common Stock and retained 1,212,357 shares of Class B Common Stock indirectly. The Form 4 was signed by Michael O McCarthy III as attorney-in-fact on August 25, 2026.

What Was Disclosed

The filing reports the conversion of 12,723 Class B shares into Class A shares and their subsequent sale at a weighted average of $6.014 per share by QuantumScape's CTO through an irrevocable trust, under a pre-established Rule 10b5-1 plan adopted June 5, 2025.