Management Change/Compensation (Form 8-K)

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 29, 2026, Geoffrey Ribar was appointed to the Board of Directors (the "Board") of QuantumScape Corporation (the "Company"), to serve as a director with a term of office expiring at the Company's next annual meeting of stockholders. No committee appointments for Mr. Ribar have been made at this time.

Mr. Ribar is a veteran finance and technology executive with more than four decades of experience across the semiconductor and broader technology sectors. Mr. Ribar serves on the boards of MACOM Technology Solutions Holdings, Inc. (NASDAQ: MTSI), a leading supplier of semiconductor products, since 2017, Everspin Technologies, Inc. (NASDAQ: MRAM), a semiconductor company specializing in Magnetoresistive RAM (MRAM) technologies, since 2018, and Acacia Research Corporation (NASDAQ: ACTG), an acquirer and operator of businesses across the industrial, energy, and technology sectors, since 2023. Over the course of his career, he has held senior financial leadership roles at numerous public and private companies, including serving as Chief Financial Officer of Cadence Design Systems, Inc., Telegent Systems, Inc., Matrix Semiconductor, Inc. and NVIDIA Corporation. Mr. Ribar holds a B.S. in Chemistry and an M.B.A. from the University of Michigan.

In accordance with the Company's Amended and Restated Outside Director Compensation Policy (the "Director Compensation Policy"), Mr. Ribar is eligible to participate in the Company's standard compensation arrangements for non-employee directors which consists of cash and equity compensation for service on the Board. Pursuant to the Director Compensation Policy, Mr. Ribar will receive $80,000 in annual cash compensation for service on the Board. Mr. Ribar was granted an initial equity award of 29,878 restricted stock units, which will vest one-twelfth quarterly over three years starting May 15, 2026, subject to Mr. Ribar's continued service through each vesting date in accordance with the Director Compensation Policy, and a pro-rated annual equity award of 6,224 restricted stock units, which will vest in full on the earlier of the one-year anniversary of the grant date or the day before the Company's next annual meeting of stockholders, subject to Mr. Ribar's continued service through such vesting date in accordance with the Director Compensation Policy.

There are no arrangements or understandings between Mr. Ribar and any other persons pursuant to which Mr. Ribar was appointed a director of the Company. There are no family relationships between each of Mr. Ribar and any other director or executive officer of the Company.

The Company will enter into its standard form of indemnification agreement with Mr. Ribar, a copy of which is filed as Exhibit 10.7 to the Company's Current Report on Form 8-K filed on December 2, 2020. Other than the indemnification agreement, Mr. Ribar does not have any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K promulgated under the Securities Exchange Act of 1934, as amended, nor are any such transactions currently proposed.

The foregoing description of the terms of the Director Compensation Policy does not purport to be complete and is qualified in its entirety by reference to the full text of the Director Compensation Policy, a copy of which is filed as Exhibit 10.30 to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024.