share_log

QuantumScape | S-8: Initial registration statement for securities to be offered to employees pursuant to employee benefit plans

SEC announcement ·  Feb 27 16:34
Summary by Moomoo AI
QuantumScape Corporation, a solid-state battery manufacturer based in San Jose, California, has filed a Registration Statement on Form S-8 with the Securities and Exchange Commission (SEC) on February 27, 2024. The filing is intended to register additional shares of Class A Common Stock to be added to the company's 2020 Equity Incentive Plan, as per the plan's 'evergreen' provision which allows for an automatic annual increase in the number of shares available for grant and issuance. The 2020 Plan saw an increase in shares on January 1, 2022, by 21,415,959 shares, on January 1, 2023, by 21,897,965 shares, and on January 1, 2024, by 24,651,556 shares. This move is part of QuantumScape's strategy to incentivize and retain employees through equity compensation. The company, which is incorporated in Delaware and led by CEO Siva Sivaram, is classified as a large accelerated filer under SEC rules.
QuantumScape Corporation, a solid-state battery manufacturer based in San Jose, California, has filed a Registration Statement on Form S-8 with the Securities and Exchange Commission (SEC) on February 27, 2024. The filing is intended to register additional shares of Class A Common Stock to be added to the company's 2020 Equity Incentive Plan, as per the plan's 'evergreen' provision which allows for an automatic annual increase in the number of shares available for grant and issuance. The 2020 Plan saw an increase in shares on January 1, 2022, by 21,415,959 shares, on January 1, 2023, by 21,897,965 shares, and on January 1, 2024, by 24,651,556 shares. This move is part of QuantumScape's strategy to incentivize and retain employees through equity compensation. The company, which is incorporated in Delaware and led by CEO Siva Sivaram, is classified as a large accelerated filer under SEC rules.
Helpful
Not Helpful

This announcement is a separate document:

Doc 1

Doc 2

Doc 3

Doc 4

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more