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Mohit Singh, Chief Development Officer of QuantumScape Corp (NYSE:QS), sold a total of $4,071,282 of Class A Common Stock on June 25 and 26, according to a new Form 4 filing with the Securities and Exchange Commission. The sales, executed under a pre-arranged 10b5-1 trading plan, occurred at prices ranging from $5.9575 to $7.2111 per share. The timing of these transactions coincides with QS’s remarkable 54% surge over the past week, according to InvestingPro data.
The filing indicates that Singh sold 290,000 shares on June 25 at a weighted average price of $5.9575, and 325,000 shares on June 26 at a weighted average price of $7.2111.
On the same dates, Singh also exercised options to acquire a total of 615,000 shares of QuantumScape’s Class A Common Stock. These transactions involved the exercise of stock options at prices of $1.3252 and $2.377, totaling $1,060,455.
Following these transactions, Singh directly owns 1,641,711 shares of QuantumScape stock, which includes 1,437,698 shares represented by restricted stock units and performance restricted stock units. With the company’s next earnings report scheduled for July 23, investors can access comprehensive analysis and 10+ additional key insights through InvestingPro’s detailed research reports.
In other recent news, QuantumScape Corporation reported its Q1 2025 financial results, aligning with market expectations by posting an earnings per share (EPS) of -$0.21. The company reported a net loss of $114.4 million, but maintained strong liquidity with $860.3 million in cash reserves. QuantumScape has successfully integrated its Cobra separator process into baseline cell production, marking a significant advancement in its manufacturing capabilities. This new platform offers approximately 25 times faster heat treatment speed compared to the previous process and requires less physical space. At its 2025 Annual Meeting of Stockholders, QuantumScape confirmed the election of ten directors and ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm. William Blair reiterated its Market Perform rating on QuantumScape, noting that the recent stock surge was due to a known milestone. The firm expressed interest in further information about QuantumScape’s potential launch customer and unit economics.
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