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SAN JOSE, CA—QuantumScape Corp (NYSE:QS), a solid-state battery developer with a market capitalization of $2.6 billion and notable liquidity strength, recently saw stock transactions executed by its Chief Development Officer, Mohit Singh. According to InvestingPro data, the company maintains a strong current ratio of 14.2, with liquid assets well exceeding short-term obligations. According to a recent SEC filing, Singh sold a total of 53,704 shares of Class A Common Stock over two days, amounting to approximately $280,516. The sales occurred on February 20 and February 21, with prices ranging from $5.1365 to $5.3416 per share, amid the stock’s current trading price of $5.18. InvestingPro analysis indicates the stock has shown significant volatility, with a beta of 4.45.
The transactions were part of a pre-established trading plan under Rule 10b5-1, which allows company insiders to set up a trading plan for selling stocks they own. This plan was adopted by Singh on September 12, 2024.
In addition to these sales, Singh also conducted transactions to cover tax obligations related to the release of restricted stock units and performance restricted stock units. These transactions, which occurred on February 19 and February 20, involved the disposal of shares at prices ranging from $5.1215 to $5.2685, totaling $381,627.
Following these transactions, Singh holds 965,545 shares of QuantumScape’s Class A Common Stock, including 786,934 shares represented by restricted and performance stock units.
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