QuantumScape's CFO Sold 31,095 Shares This Month. Here's What His Numbers Actually Show
Hettrich disposed of 31,095 shares via automatic tax-withholding sale upon RSU vesting, retaining roughly 1.8 million shares worth $10.28 million.
Overview
Kevin Hettrich, the chief financial officer of QuantumScape Corporation (NASDAQ:QS), disposed of 31,095 shares of Class A Common Stock on August 18, according to an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($5.74); post-transaction value based on the August 18 market close ($5.76).
Details
QuantumScape Corporation, headquartered in San Jose, California, is a specialized battery technology company with 700 employees focused on solid-state lithium-metal battery innovation. The company is currently in a pre-revenue or early commercialization phase, as evidenced by its TTM net loss of $405.0 million, reflecting substantial research and development investments required to bring advanced battery technology to market. With a market capitalization of $3.6 billion, QuantumScape represents a capital-intensive venture positioned at the intersection of automotive electrification and advanced materials science.
Source
Originally published at www.fool.com.