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SAN JOSE, Calif.—Fritz Prinz, a director at QuantumScape Corp (NYSE:QS), has recently sold a portion of his holdings in the company. The sale comes as the stock has experienced significant volatility, falling over 16% in the past week and currently trading near $3.97, close to its 52-week low of $3.40. According to a filing with the Securities and Exchange Commission, Prinz sold 61,523 shares of Class A Common Stock on May 22, 2025. The shares were sold at a weighted average price of $3.9372, resulting in a total transaction value of approximately $242,228. The transaction occurred in a company that InvestingPro analysis shows maintains a strong liquidity position with a current ratio of 16.66 and more cash than debt on its balance sheet.
This sale was conducted under a pre-established Rule 10b5-1 trading plan, which Prinz adopted on March 4, 2024. Following the transaction, Prinz retains direct ownership of 231,530 shares. Additionally, he holds indirect ownership through various family trusts, including 777,906 shares by the Prinz Family Trust and 259,302 shares each by the Benedikt Prinz 2019 Trust and the Marie Helene Prinz 2019 Trust.
The sale was part of a series of transactions executed at prices ranging from $3.805 to $3.985 per share. The filing notes that these shares include restricted stock units (RSUs) and performance restricted stock units (PSUs), which vest quarterly or upon reaching specific performance milestones.
In other recent news, QuantumScape Corp. announced its Q1 2025 financial results, meeting market expectations with an earnings per share (EPS) of -$0.21. The company reported a net loss of $114.4 million, while maintaining strong liquidity with $860.3 million in cash reserves. QuantumScape continues to advance its solid-state battery technology, shipping QSC5 battery samples for testing and aiming to start field testing its launch program in 2026. The company has reiterated its full-year guidance, projecting capital expenditures between $45 million and $75 million and an adjusted EBITDA loss of $250 million to $280 million. Furthermore, QuantumScape has entered into a framework agreement with Murata Manufacturing to explore collaboration in ceramics production, leveraging Murata’s expertise to scale production of its proprietary ceramic separator. This collaboration is part of QuantumScape’s strategy to develop a global ecosystem of partners to industrialize its solid-state battery technology efficiently. The company is also engaged in ongoing partnerships with PowerCo/Volkswagen and discussions with multiple automotive OEMs, reinforcing confidence in its technology.
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