Chief development officer Mohit Singh sold 34,304 shares to cover taxes, retaining 1.7 million shares and a 0.3% stake.
QuantumScape Corporation’s chief development officer, Mohit Singh, sold 34,304 shares of Class A Common Stock on August 18, generating $197,000. The transaction was non-discretionary, executed solely to cover tax obligations tied to restricted stock units.
Following the sale, Singh retains approximately 1.7 million shares, including restricted and performance-based units, representing a 0.3% ownership stake. QuantumScape reported a trailing twelve-month net loss of $405.0 million as of August 19, with its stock down roughly 30% over the past year.
The company focuses on solid-state lithium-metal battery technology for electric vehicles and other applications.