QuantumScape CTO Sells Entire Trust Stake for $76,465
Timothy Holme, co-founder and Chief Technology Officer at QuantumScape Corporation (NASDAQ:QS), sold his entire stake in the company held through an irrevocable trust on August 21, 2026. The transaction involved 12,723 shares of Class A Common Stock for approximately $76,465 based on a weighted average sale price of $6.01 per share. The stock was sold under a Rule 10b5-1 trading plan established in June 2025 to avoid conflicts related to insider information. Although Holme liquidated his Class A shares from the trust, he still holds approximately 1.2 million derivative securities and over 1.7 million directly held Class A shares, maintaining a significant economic interest aligned with shareholders. QuantumScape's stock has declined by 24% in the past year amid ongoing financial losses (TTM net loss of $405 million) and remains at a market cap of around $3.5 billion as of August 24, 2026.
Tickers: $QS
Topics: QuantumScape SEC filing stock sale