NASDAQ Stock Market
QuantumScape's Chief Legal Officer Disposed of Stock. He Also Recently Acquired Some. Here's What to Know.
xCruzo Brief
QuantumScape chief legal officer Michael O. McCarthy III reported selling 25,709 shares of Class A common stock on August 18, according to an SEC Form 4 filing. The transaction was non-discretionary and tied to tax obligations after the release of restricted stock units (RSUs), not a signal of his view on the company’s prospects. McCarthy still holds 1,380,083 shares total, including RSUs and performance restricted stock units (PSUs), plus 331 shares bought via the employee stock purchase plan on June 1. The sale price averaged $5.74, while the stock closed at $5.76 that day, after an Aug. 19 market-close pricing context of $5.88.
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