QuantumScape CTO Sells Entire Trust's Class A Shares Worth $610,800
Timothy Holme, co-founder and Chief Technology Officer of QuantumScape Corporation (NASDAQ: QS), sold approximately 120,000 shares of the company’s Class A Common Stock on September 15, 2026. The transaction was valued at $610,800 based on a weighted average sale price of $5.09 per share and executed under a Rule 10b5-1 trading plan established in June 2026 to ensure compliance with insider trading regulations. The sale marked the complete liquidation of Holme’s Class A shares held within trusts, reducing his direct holdings by 75,000 shares. Post-sale, he retained approximately 1.58 million directly-held Class A shares and over 2.5 million indirect derivative securities in the form of convertible Class B Common Stock. The stock had declined significantly, with a one-year return of -51% as of September 15. QuantumScape remains focused on developing solid-state lithium-metal batteries for electric vehicles and industrial applications but has yet to generate revenue. Despite Holme’s sale, the company continues its strategic efforts in technology development and partnerships.
Tickers: $QS