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QuantumScape Co-Founder and CTO Sells His Trust's Entire Stake in the Company for $76,465
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The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational. Timothy Holme, Chief Technology Officer, reported a sale of 12,723 shares of QuantumScape Corporation (NASDAQ:QS) on August 21, 2026, according to an SEC Form 4 filing. Metric Value Transaction value ~$76,465 Shares sold 12,723 Post-transaction shares (indirectly held) 0 Post-transaction value $0 Transaction value based on SEC Form 4 weighted average sale price ($6.01); post-transaction value based on August 21, 2026 market close ($5.98). What prompted this disposition of Class A Common Stock?The sale was conducted under a Rule 10b5-1 trading plan adopted on June 5, 2025. These plans are established to allow insiders to execute predetermined trades, which helps avoid potential conflicts related to the possession of material non-public information. How does this sale affect the reporting owner's total equity exposure?While the reporting person liquidated their specific Class A Common Stock position held in the Holme 2020 Irrevocable Trust in this filing, he continues to hold approximately 1.2 million derivative securities indirectly in that trust. This ensures the insider remains economically exposed to the company's long-term performance. What is the recent performance context for the stock?Shares were priced at $6.01 at the time of the transaction, which occurred alongside a one-year return of -24% for the stock as of August 21, 2026. The market cap of the company stood at approximately $3.5 billion as of the August 24, 2026 market close. Metric Value Share Price (as of market close 2026-08-24) $5.72 Market Capitalization $3.5 billion Net Income (TTM) -$405.0 million One Year Price Change -24.02% QuantumScape develops and commercializes innovative solid-state lithium-metal battery technology designed primarily for electric vehicles, with 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 and performance characteristics compared to conventional lithium-ion alternatives. QuantumScape's primary target customers are major automotive manufacturers and electric vehicle producers seeking next-generation battery technology to enhance vehicle range, charging speed, and overall performance. QuantumScape Corporation operates as a pre-revenue technology company focused on the commercialization of solid-state lithium-metal batteries, a transformative power solution for the electric vehicle industry. Founded in 2010 and headquartered in San Jose, California, the company employs approximately 700 personnel dedicated to advancing battery technology that addresses critical performance limitations of current lithium-ion systems. The company's competitive positioning centers on proprietary solid-state architecture that potentially delivers enhanced energy density, faster charging capabilities, and improved thermal stability for next-generation EV platforms. QuantumScape co-founder and CTO Timothy Holme's Aug. 21 sale of company stock resulted in the total liquidation of his Class A holdings within the Holme 2020 Irrevocable Trust. That said, post-disposition, he retained 1.2 million Class B shares in the trust, which can be converted into Class A shares for sale at any time. Along with indirect holdings in the trust, Holme reported 1.7 million directly held shares of Class A stock as of Aug. 19 in a separate filing. Combined, the direct and indirect holdings total a substantial equity stake in QuantumScape, ensuring his continued alignment with shareholder interests. The company's stock is down 24% over the trailing 12 months due to a lack of income. At the end of the second quarter, QuantumScape reported no revenue and an operating loss of more than $100 million. The company has over $800 million in cash, cash equivalents, and marketable securities on its balance sheet exiting Q2, which can sustain operations for a time while it seeks to produce sales. QuantumScape announced a multi-year partnership with automaker Honda in June. This could be among the first signs that revenue is on the way. 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The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. QuantumScape Co-Founder and CTO Sells His Trust's Entire Stake in the Company for $76,465 was originally published by The Motley Fool
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