QuantumScape Corporation (NYSE: QS) Chief Technology Officer and co-founder Timothy Holme sold his trust’s entire Class A Common Stock position, netting $76,465 from the transaction.

The sale, reported via an SEC Form 4 filing, involved 12,723 shares offloaded on August 21, 2026, at a weighted average price of $6.01 per share.

The shares sold were held through the Holme 2020 Irrevocable Trust, which now holds zero Class A Common Stock following the transaction.

Before the sale, Holme converted 12,723 shares of Class B Common Stock into an equal number of Class A shares at no cost on the same day.

The shares were sold across multiple transactions, with prices ranging from $5.955 to $6.115 per share throughout the trading session.

The sale was executed under a Rule 10b5-1 trading plan that Holme originally adopted on June 5, 2025, shielding the transaction from insider trading concerns.

Such plans allow corporate insiders to execute predetermined trades without exposure to conflicts arising from possession of material non-public information.

Despite liquidating the Class A position, Holme continues to hold approximately 1.2 million derivative securities indirectly through the Holme 2020 Irrevocable Trust.

Specifically, the trust retained 1,212,357 Class B Common Stock shares indirectly after the transactions were completed, maintaining significant indirect exposure to the company.

The sale occurred against a difficult backdrop for QS stock, which had declined 24% over the trailing 12 months as of August 21, 2026.

QuantumScape’s market capitalization stood at approximately $3.5 billion as of the August 24, 2026 market close, reflecting ongoing investor uncertainty around the company’s commercialization timeline.

QuantumScape develops solid-state lithium-metal battery technology aimed primarily at the electric vehicle market, with potential applications extending across multiple end markets in the United States.

The company generates revenue through the advancement, licensing, and eventual market launch of proprietary solid-state battery solutions that offer superior energy density compared to conventional lithium-ion alternatives.