QS QuantumScape Corp
Price Chart
Executive Summary
CFO Michael O. McCarthy III filed a Form 144 to sell 24,211 shares of Class A common stock valued at approximately $178,486. The sale is disclosed as covering tax withholding obligations on RSU vesting, not a discretionary portfolio disposition. The proposed amount is small relative to the $4.9B market cap, but McCarthy has sold 170,081 shares over the prior three months, suggesting ongoing periodic selling to satisfy tax obligations.
Actionable Insight
Form 144 signals intent to sell, but the stated tax-withholding purpose and small lot size (24K shares at ~$178K) indicate a routine sale, not a discretionary portfolio reduction. McCarthy has been selling modest amounts quarterly for tax obligations since February 2026, consistent with typical RSU vesting patterns. No bearish signal here — the CFO's pattern is mechanical, not informed. Monitor future Form 4 filings to confirm execution.
Key Facts
- Filer: CFO Michael O. McCarthy III
- Proposed sale: 24,211 shares of Class A common stock
- Estimated value: $178,485.53 (based on ~$7.37/share)
- Purpose stated: 'estimate necessary to cover tax obligations on the release of restricted stock units'
- Market cap: $4.9B — proposed sale represents ~0.004% of market cap
- Prior sales over 3 months: 170,081 shares total (Feb 18 through Mar 6, 2026) — all relatively small lots
- Stock trades on Nasdaq (QS), analyst consensus is heavily bearish (0% bullish, 9 Hold, 5 Sell, 4 Strong Sell)
Financial Impact
Proceeds of ~$178K — immaterial relative to $4.9B market cap
Risk Factors
- Continued insider selling — even if tax-motivated — adds modest supply overhang
- Company remains pre-revenue with heavily bearish analyst consensus (0% bullish); any insider sale can be painted negatively
- If a material negative catalyst emerges (e.g., missed development milestone), prior tax-motivated sales could be re-interpreted as informed
Market Snapshot
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001811414-26-000034 |
| Document: 0001811414-26-000034-index.html | 0001811414-26-000034 |
| Document: 0001811414-26-000034.txt | 0001811414-26-000034 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 11, 2026
1d ago
|
144
| $7.24 awaiting T+5 | awaiting T+5 | — | $7.09 (−2.07%) |
|
May 22, 2026
21d ago
|
Insider Cluster
| $8.71 $9.14 | ▲ +4.94% | ▲ +3.85% | $7.09 (−18.60%) |
|
May 19, 2026
25d ago
|
144
| $7.30 $9.11 | ▲ +24.79% | ▲ +22.50% | $7.09 (−2.88%) |
|
May 19, 2026
25d ago
|
144
| $7.30 $9.11 | ▲ +24.79% | ▲ +22.50% | $7.09 (−2.88%) |
|
May 12, 2026
4w ago
|
144
| $8.66 $7.30 | ▼ −15.70% | ▼ −14.55% | $7.09 (−18.13%) |
|
May 6, 2026
5w ago
|
Insider Cluster
| $7.95 $8.66 | ▲ +8.93% | ▲ +7.76% | $7.09 (−10.82%) |
|
Apr 22, 2026
7w ago
|
8-K
| $7.41 $6.84 | ▼ −7.69% | ▼ −9.17% | $7.09 (−4.32%) |
|
Apr 22, 2026
7w ago
|
Press Release
| $7.41 $6.84 | ▲ +7.69% | ▲ +9.17% | $7.09 (+4.32%) |
|
Apr 8, 2026
9w ago
|
Press Release
| $6.18 $7.04 | ▲ +13.92% | ▲ +10.73% | $7.09 (+14.72%) |
|
Mar 6, 2026
14w ago
|
Insider Cluster
| $6.69 $6.73 | ▲ +0.60% | ▲ +2.13% | $7.09 (+5.98%) |
US Market Status
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