Filing Details

Accession Number:
0001193125-24-036313
Form Type:
13G Filing
Publication Date:
2024-02-13 19:00:00
Filed By:
Khosla Ventures Iii, L.p.
Company:
Quantumscape Corp
Filing Date:
2024-02-14
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Khosla Ventures III 0 5,208,481 0 5,208,481 5,208,481 1.2%
Khosla Ventures Associates III 0 5,208,481 0 5,208,481 5,208,481 1.2%
VK Services 0 12,869,721 0 12,869,721 12,869,721 3.0%
Vinod Khosla 0 12,869,721 0 12,869,721 12,869,721 3.0%
Filing

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 3)*

 

 

QuantumScape Corporation

(Name of Issuer)

Class A Common Stock, $0.0001 par value per share

(Title of Class of Securities)

74767V109

(CUSIP Number)

December 31, 2023

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☐ Rule 13d-1(c)

☒ Rule 13d-1(d)

 

*

The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


CUSIP No. 74767V109

 

 1   

 NAMES OF REPORTING PERSONS

 

 Khosla Ventures III, L.P.

 2  

 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 (a) ☐  (b) ☒ (1)

 

 3  

 SEC USE ONLY

 

 4  

 CITIZENSHIP OR PLACE OF ORGANIZATION

 

 Delaware, United States of America

NUMBER OF

SHARES  BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH:

   5    

 SOLE VOTING POWER

 

 0

   6   

 SHARED VOTING POWER

 

 5,208,481 (2)

   7   

 SOLE DISPOSITIVE POWER

 

 0

   8   

 SHARED DISPOSITIVE POWER

 

 5,208,481 (2)

 9   

 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 5,208,481 (2)

10  

 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

 ☐

11  

 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

 1.2% (3)

12  

 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

 PN

 

(1)

This statement on Schedule 13G is filed by Khosla Ventures III, L.P. (KV III), Khosla Ventures Associates III, LLC (KVA III), VK Services, LLC (VK Services) and Vinod Khosla (Khosla, together with KV III, KVA III and VK Services collectively, the Reporting Persons). The Reporting Persons expressly disclaim status as a group for purposes of this Schedule 13G.

(2)

All of the shares of Class A Common Stock beneficially owned by KV III are comprised of shares of Class B Common Stock held by KV III, of which KVA III is the general partner. Khosla is the managing member of VK Services, which is the manager of KVA III. As such, each of KVA III, VK Services and Khosla possesses power to direct the voting and disposition of the shares owned by KV III, and each of KVA III, VK Services and Khosla may be deemed to have indirect beneficial ownership of such shares.

(3)

The percentages set forth on the cover sheets assume the conversion of all such Reporting Persons Class B Common Stock into Class A Common Stock and are calculated based on 429,687,172 shares of Class A Common Stock outstanding as of October 20, 2023 as set forth in the Issuers Quarterly Report on Form 10-Q as filed with the Securities and Exchange Commission on October 27, 2023.


CUSIP No. 74767V109

 

 1   

 NAMES OF REPORTING PERSONS

 

 Khosla Ventures Associates III, LLC

 2  

 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 (a) ☐  (b) ☒ (1)

 

 3  

 SEC USE ONLY

 

 4  

 CITIZENSHIP OR PLACE OF ORGANIZATION

 

 Delaware, United States of America

NUMBER OF

SHARES  BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH:

   5    

 SOLE VOTING POWER

 

 0

   6   

 SHARED VOTING POWER

 

 5,208,481 (2)

   7   

 SOLE DISPOSITIVE POWER

 

 0

   8   

 SHARED DISPOSITIVE POWER

 

 5,208,481 (2)

 9   

 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 5,208,481 (2)

10  

 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

 ☐

11  

 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

 1.2% (3)

12  

 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

 OO

 

(1)

This statement on Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a group for purposes of this Schedule 13G.

(2)

All of the shares of Class A Common Stock beneficially owned by KVA III are comprised of shares of Class B Common Stock held by KV III, of which KVA III is the general partner. Khosla is the managing member of VK Services, which is the manager of KVA III. As such, each of KVA III, VK Services and Khosla possesses power to direct the voting and disposition of the shares owned by KV III, and each of KVA III, VK Services and Khosla may be deemed to have indirect beneficial ownership of such shares. KVA III holds no shares of the Issuer directly.

(3)

The percentages set forth on the cover sheets assume the conversion of all such Reporting Persons Class B Common Stock into Class A Common Stock and are calculated based on 429,687,172 shares of Class A Common Stock outstanding as of October 20, 2023 as set forth in the Issuers Quarterly Report on Form 10-Q as filed with the Securities and Exchange Commission on October 27, 2023.


CUSIP No. 74767V109

 

 1   

 NAMES OF REPORTING PERSONS

 

 VK Services, LLC

 2  

 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 (a) ☐  (b) ☒ (1)

 

 3  

 SEC USE ONLY

 

 4  

 CITIZENSHIP OR PLACE OF ORGANIZATION

 

 Delaware, United States of America

NUMBER OF

SHARES  BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH:

   5    

 SOLE VOTING POWER

 

 0

   6   

 SHARED VOTING POWER

 

 12,869,721 (2)

   7   

 SOLE DISPOSITIVE POWER

 

 0

   8   

 SHARED DISPOSITIVE POWER

 

 12,869,721 (2)

 9   

 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 12,869,721 (2)

10  

 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

 ☐

11  

 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

 3.0% (3)

12  

 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

 OO

 

(1)

This statement on Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a group for purposes of this Schedule 13G.

(2)

7,661,240 of the shares beneficially owned by VK Services are comprised of shares of Class A Common Stock held by VK Services. The remaining shares beneficially owned by VK Services are comprised of shares of Class B Common Stock held by KV III, of which KVA III is the general partner. Khosla is the managing member of VK Services, which is the manager of KVA III. As such, each of KVA III, VK Services and Khosla possesses power to direct the voting and disposition of the shares owned by KV III, and each of KVA III, VK Services and Khosla may be deemed to have indirect beneficial ownership of such shares. Further, Khosla possesses power to direct the voting and disposition of the shares owned by VK Services, and Khosla may be deemed to have indirect beneficial ownership of such shares.

(3)

The percentages set forth on the cover sheets assume the conversion of all such Reporting Persons Class B Common Stock into Class A Common Stock and are calculated based on 429,687,172 shares of Class A Common Stock outstanding as of October 20, 2023 as set forth in the Issuers Quarterly Report on Form 10-Q as filed with the Securities and Exchange Commission on October 27, 2023.


CUSIP No. 74767V109

 

 1   

 NAMES OF REPORTING PERSONS

 

 Vinod Khosla

 2  

 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 (a) ☐  (b) ☒ (1)

 

 3  

 SEC USE ONLY

 

 4  

 CITIZENSHIP OR PLACE OF ORGANIZATION

 

 United States of America

NUMBER OF

SHARES  BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH:

   5    

 SOLE VOTING POWER

 

 0

   6   

 SHARED VOTING POWER

 

 12,869,721 (2)

   7   

 SOLE DISPOSITIVE POWER

 

 0

   8   

 SHARED DISPOSITIVE POWER

 

 12,869,721 (2)

 9   

 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 12,869,721 (2)

10  

 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

 ☐

11  

 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

 3.0% (3)

12  

 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

 IN

 

(1)

This statement on Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a group for purposes of this Schedule 13G.

(2)

All of the shares beneficially owned by Khosla are comprised of shares of Class B Common Stock held by KV III, of which KVA III is the general partner, and shares of Class A Common Stock held by VK Services. Khosla is the managing member of VK Services, which is the manager of KVA III. As such, each of KVA III, VK Services and Khosla possesses power to direct the voting and disposition of the shares owned by KV III, and each of KVA III, VK Services and Khosla may be deemed to have indirect beneficial ownership of such shares. Further, Khosla possesses power to direct the voting and disposition of the shares owned by VK Services, and Khosla may be deemed to have indirect beneficial ownership of such shares. Khosla holds no shares of the Issuer directly.

(3)

The percentages set forth on the cover sheets assume the conversion of all such Reporting Persons Class B Common Stock into Class A Common Stock and are calculated based on 429,687,172 shares of Class A Common Stock as of October 20, 2023 as set forth in the Issuers Quarterly Report on Form 10-Q as filed with the Securities and Exchange Commission on October 27, 2023.


Explanatory Note

This Amendment No. 3 to the statement on Schedule 13G (this Amendment No. 3) amends and restates the statement on Schedule 13G filed on February 14, 2023 (the Schedule 13G).

 

Item 1(a).

Name of Issuer:

QuantumScape Corporation

 

Item 1(b).

Address of Issuers Principal Executive Offices:

1730 Technology Drive

San Jose, California 95110

 

Item 2(a).

Name of Person(s) Filing:

Khosla Ventures III, L.P. (KV III)

Khosla Ventures Associates III, LLC (KVA III)

VK Services, LLC (VK Services)

Vinod Khosla (Khosla)

 

Item 2(b).

Address of Principal Business Office:

Khosla Ventures

2128 Sand Hill Road

Menlo Park, California 94025

 

Item 2(c).

Citizenship:

 

KV III

KVA III

VK Services

  

Delaware, United States of America

Delaware, United States of America

Delaware, United States of America

Khosla    United States of America

 

Item 2(d).

Title of Class of Securities:

Class A Common Stock, par value $0.0001 per share.

 

Item 2(e).

CUSIP Number:

74767V109

 

Item 3.

If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a:

Not applicable.


Item 4(a).

Amount Beneficially Owned:

 

Item 4(b).

Percent of Class:

 

Item 4(c).

Number of shares as to which such persons have:

The following information with respect to the beneficial ownership of Class A Common Stock by the Reporting Persons filing this statement on Schedule 13G is provided as of December 31, 2023:

 

Reporting Persons    Shares Held
Directly
     Sole
Voting
Power
     Shared
Voting
Power (1)
     Sole
Dispositive
Power
     Shared
Dispositive
Power (1)
     Beneficial
Ownership(1)
     Percent
of Class (1, 3)
 

KV III(2)

     5,208,481        0        5,208,481        0        5,208,481        5,208,481        1.2

KVA III (2)

     0        0        5,208,481        0        5,208,481        5,208,481        1.2

VK Services (2)

     7,661,240        0        12,869,721        0        12,869,721        12,869,721      3.0

Khosla (2)

     0        0        12,869,721        0        12,869,721        12,869,721      3.0 %

 

(1)

Represents the number of shares of Class A Common Stock and the number of shares of Class A Common Stock issuable upon exercise or conversion of options, warrants and other convertible securities (including shares of Class B Common Stock) that are exercisable or convertible within 60 days of the date of this statement on Schedule 13G (Securities) currently beneficially owned by the Reporting Persons.

(2)

Khosla is the managing member of VK Services, which serves as the manager of KVA III, which serves as the general partner of KV III. As such, each of KVA III, VK Services and Khosla possesses power to direct the voting and disposition of the Securities owned by KV III, and each of KVA III, VK Services and Khosla may be deemed to have indirect beneficial ownership of such Securities. Further, Khosla possesses power to direct the voting and disposition of the Securities owned by VK Services, and Khosla may be deemed to have indirect beneficial ownership of such Securities. KVA III and Khosla hold no Securities of the Issuer directly.

(3)

The percentages set forth on the cover sheets assume the conversion of all such Reporting Persons Class B Common Stock into Class A Common Stock and are calculated based on 429,687,172 shares of Class A Common Stock outstanding as of October 20, 2023 as set forth in the Issuers Quarterly Report on Form 10-Q as filed with the Securities and Exchange Commission on October 27, 2023.

 

Item 5.

Ownership of Five Percent or Less of a Class:

If this statement is being filed to report the fact that as of the date hereof, the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following: ☒

 

Item 6.

Ownership of More Than Five Percent on Behalf of Another Person:

Not applicable.

 

Item 7.

Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company or Control Person:

Not applicable.

 

Item 8.

Identification and Classification of Members of the Group:

Not applicable.

 

Item 9.

Notice of Dissolution of Group:

Not applicable.


Item 10.

Certifications:

Not applicable.


SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: February 14, 2024

 

KHOSLA VENTURES III, L.P.
By:   Khosla Ventures Associates III, LLC,
 

a Delaware limited liability company and

general partner of Khosla Ventures III, LP

By:  

/s/ Vinod Khosla

  Vinod Khosla, Managing Member
KHOSLA VENTURES ASSOCIATES III, LLC
By:  

/s/ Vinod Khosla

  Vinod Khosla, Managing Member
VK SERVICES, LLC
By:  

/s/ Vinod Khosla

  Vinod Khosla, Manager

/s/ Vinod Khosla

Vinod Khosla

Exhibit:

 

99.1:

Joint Filing Statement