QuantumScape Corp (NYSE:QS) Chief Technology Officer Timothy Holme sold 120,000 shares of the company's Class A Common Stock on September 15, 2026, according to a regulatory filing. The transactions generated total proceeds of $610,524, with shares changing hands at a weighted average price of $5.0877. Individual sale prices ranged from $4.985 to $5.255 per share.
The sales were conducted under a Rule 10b5-1 trading plan, which Holme adopted on June 10, 2026. Such plans allow company insiders to set pre-arranged schedules for buying or selling shares, providing a framework that can reduce concerns about trading on material nonpublic information.
The disposition comprised 75,000 shares held directly by Holme. An additional 22,500 shares were sold indirectly through The Holme 2020 Irrevocable Trust, while another 22,500 shares were sold indirectly through other trusts where Holme serves as a Co-Trustor and his family members are beneficiaries.
On the same date, Holme acquired 45,000 shares of Class A Common Stock through conversions of Class B Common Stock at an exercise price of $0. These acquisitions included 22,500 shares for The Holme 2020 Irrevocable Trust and 22,500 shares for the other trusts. Each share of Class B Common Stock is convertible into Class A Common Stock on a one-to-one basis and carries no expiration date.
Following these transactions, Holme directly holds 1,583,075 shares of Class A Common Stock. That figure includes 1,522,261 shares represented by restricted stock units (RSUs) and performance restricted stock units (PSUs), which vest upon continued service or the achievement of performance milestones. Indirectly, The Holme 2020 Irrevocable Trust now holds 1,189,857 shares of Class B Common Stock, and other trusts hold 1,327,500 shares of Class B Common Stock.
The insider sale comes as QuantumScape shares have declined 71% over the past year to their current price of $4.21, with the stock trading near its 52-week low of $3.80. According to an InvestingPro tip, the stock's price movements are quite volatile, reflected in its high beta of 2.85.
In other recent news, QuantumScape reported its financial results for the third quarter of 2026. The company announced a net loss of $84.5 million and an adjusted EBITDA loss of $60.7 million, which management indicated were in line with their expectations. Despite these losses, QuantumScape stated that it remains on track to expand production and commercialize its solid-state battery technology. The company's commitment to scaling up production appears to have been well-received by investors.
Additionally, QuantumScape's stock experienced a notable increase in after-hours trading following the announcement. The stock rose 13.82% to $4.53 from a regular-session finish of $3.98. Although the stock remains near the lower end of its 52-week range, the positive investor response highlights confidence in the company's future plans. These developments come amidst QuantumScape's ongoing efforts to advance its battery technology and production capabilities.