Timothy Holme, the Chief Technology Officer at QuantumScape Corp (NASDAQ:QS), executed multiple stock sales in late May. On May 21, 2026, Mr. Holme sold a total of 118,417 shares of the company's Class A Common Stock, generating proceeds valued at $974,861.
The sale took place while the stock was trading at $8.20 per share. This price point represents substantial market movement for the underlying asset, given that the stock has achieved a 107% gain over the preceding year, though it has subsequently declined by 29% within the last six months.
The transactions were not singular; they comprised multiple sales executed at various prices ranging from $7.955 to $8.485 per share. The divestment included two distinct sources of shares: 92,972 shares held directly by Mr. Holme and an additional 25,445 shares managed through The Holme 2020 Irrevocable Trust.
Crucially, these sales were conducted under the framework of a Rule 10b5-1 trading plan, which Mr. Holme had originally adopted on June 5, 2025. This structure indicates that the transactions followed pre-set guidelines rather than immediate market decisions.
Stock Holdings and Conversions
Prior to the reported sales, Mr. Holme undertook a conversion of stock classes. Specifically, an equivalent number of Class B Common Stock shares were converted into Class A Common Stock. The details of this conversion are as follows:
- The significant decline of the stock over the last six months indicates potential negative momentum or market concern.
- InvestingPro analysis suggests that, based on its Fair Value assessment, QuantumScape may currently be considered overvalued.
- High volatility and a high beta (2.58) mean the stock is susceptible to rapid price swings in response to market sentiment.