QS CLO Michael McCarthy sold 75,000 shares in 2 separate sales at $6.80–$6.90 for $510.0K; stock down -63.7% from 52-week high and -46.7% in 90 days post-sale.
Michael McCarthy, Chief Legal Officer at QuantumScape (QS), executed 2 separate sales totaling 75,000 shares for $510,003.00 at an average price of $6.80. His prior sales at QS show a consistent pattern of well-timed exits: 4 of 5 recent prior trades at this ticker were well-timed at the 90-day mark, with the most recent sales in late November declining -5.2% and -3.6% in the 30 days that followed. QuantumScape is unprofitable with a net income of $-105,824,000.00 over the most recent full fiscal year, and the stock has deteriorated substantially since these sales—down -46.7% in 90 days and -63.7% from its 52-week high of $18.44. The insider's demonstrated accuracy in exiting QS prior to decline, combined with the company's fundamental losses and the subsequent sharp price deterioration, suggests these sales preceded a period of material underperformance.