The sale occurred as Honda invested in QuantumScape’s solid-state battery technology, with shares trading near $5.88.
QuantumScape Corporation’s CTO Timothy Holme sold 75,962 shares of Class A Common Stock on August 18 and 19, totaling approximately $436,000 based on a weighted average sale price of $5.75. The transaction included shares withheld for tax obligations and sales under a Rule 10b5-1 trading plan adopted June 5, 2025.
Holme retains a direct holding of 1.7 million shares, significantly larger than the sold position, and 1.2 million indirect derivative securities. The stock closed at $5.88 on August 19, reflecting a 26% decline over the past 12 months. The sale coincided with Honda’s strategic investment in QuantumScape’s technology.
The transaction involved the liquidation of all 21,531 shares held indirectly by Holme, completing the disposal of his indirect common stock holdings.