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SAN JOSE, CA—Prinz Fritz, a director at QuantumScape Corp (NYSE:QS), a $2.6 billion market cap company, recently executed a sale of Class A Common Stock, according to a filing with the Securities and Exchange Commission. On February 21, Fritz sold 12,908 shares at a weighted average price of $5.2244, totaling approximately $67,436. According to InvestingPro data, the stock shows significant volatility with a beta of 4.45, making it over four times more volatile than the broader market.
The shares were sold as part of a pre-established Rule 10b5-1 trading plan, which Fritz adopted on March 4, 2024. Following this transaction, Fritz holds 228,287 shares directly. Additionally, Fritz has indirect holdings through various family trusts, including the Prinz Family Trust, the Benedikt Prinz 2019 Trust, and the Marie Helene Prinz 2019 Trust, which collectively hold substantial shares. InvestingPro subscribers can access comprehensive insider trading patterns and 8 additional key insights about QuantumScape’s financial health and market position.
The reported sale price reflects a range of actual transaction prices, from $5.105 to $5.385 per share. This transaction is part of Fritz’s ongoing management of his investment in the company. The stock currently trades at $5.18, with a 52-week range of $4.65 to $9.52, highlighting the significant price fluctuations typical of early-stage technology companies.
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