QuantumScape's Chief Legal Officer Sells Shares to Cover Tax Obligations
Michael O. McCarthy III, QuantumScape Corporation’s chief legal officer (QS), sold 25,709 shares of Class A Common Stock on August 18 at $5.74 per share in a non-discretionary transaction aimed at covering tax obligations following the vesting of restricted stock units (RSUs). The sale did not reflect his personal outlook on the company’s equity and left him with over 1.3 million shares, including recently acquired holdings through an employee stock purchase plan. QuantumScape remains a pre-revenue developer focused on solid-state lithium-metal battery technology for electric vehicles and advanced applications. As of August 19, its market capitalization stood at $3.6 billion despite trailing twelve months (TTM) net losses totaling $405 million.
Tickers: $QS