The sale was automatic to cover tax obligations from vested equity awards, leaving the CFO with 1.8 million shares.
QuantumScape Corporation’s CFO Kevin Hettrich sold 31,095 shares of Class A Common Stock on August 18 at a weighted average price of $5.74. The transaction was non-discretionary, executed to satisfy tax withholding requirements upon vesting of equity awards.
Following the sale, Hettrich retains 1.8 million shares directly, along with derivative securities. QuantumScape, which reported a $405.0 million net loss over the trailing twelve months, saw its stock close at $5.76 on August 18, down 30% over the past year.
Shares ended trading at $5.88 on August 19, reflecting a slight recovery from the transaction price.