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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Name of Issuer)

(Title of Class of Securities)

(CUSIP Number)

(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)

SCHEDULE 13D/A 0001193125-20-311866 0001398826 XXXXXXXX LIVE 2 Class A common stock, par value $0.0001 per share 03/05/2025 false 0001811414 74767V109 QuantumScape Corp 1730 TECHNOLOGY DRIVE 1730 TECHNOLOGY DRIVE SAN JOSE CA 95110 Jagdeep Singh (408) 452-2000 1730 Technology Drive San Jose CA 95110 0001398826 N Singh Jagdeep PF N X1 7497903.00 15724209.00 7497903.00 15724209.00 23222112.00 N 4.6 IN (7) and (9) include 4,230,070 shares of Class A common stock and 3,267,833 shares issuable upon option exercise by Jagdeep Singh. All options are exercisable until and expire on March 31, 2025. (8) and (10) include 10,181,041 shares of Class A common stock directly owned by Jagdeep Singh & Roshni Singh, trustees of the Singh Family Trust UDT dated October 3, 1996 ("UDT Trust") and 5,543,168 shares of Class A common stock held in trusts in which Mr. Singh's family members are beneficiaries (the "Trusts"). Mr. Singh shares voting and dispositive power over the UDT Trust and the Trusts. Class A common stock, par value $0.0001 per share QuantumScape Corp 1730 TECHNOLOGY DRIVE 1730 TECHNOLOGY DRIVE SAN JOSE CA 95110 This Amendment No. 2 to Schedule 13D ("Amendment No. 2") is being filed on behalf of the undersigned (the "Reporting Person") to amend the Schedule 13D filed with the SEC on December 7, 2020 (as amended by Amendment No. 1 to Schedule 13D filed with the SEC on February 14, 2024 and this Amendment No. 2, the "Schedule 13D"). This Amendment No. 2 is the final amendment to the Schedule 13D and constitutes an exit filing for the Reporting Person. Except as specifically amended and supplemented by this Amendment No. 2, the Schedule 13D remains in full force and effect. All capitalized terms contained herein but not otherwise defined shall have the meaning ascribed to such terms in the Schedule 13D. Item 2 of the Schedule 13D is hereby amended and supplemented as follows: Jagdeep Singh 3031 Tisch Way, Suite 600 San Jose CA 95128 CEO, stealth startup Item 3 of the Schedule 13D is hereby amended and supplemented as follows: On January 2, 2025, Mr. Singh and his affiliated trusts converted 11,424,366 shares of Class B common stock into 11,424,366 shares of Class A common stock (the "Conversion"). Item 4 of the Schedule 13D is hereby amended and supplemented as follows: (a) As previously disclosed in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2024 filed with the SEC on April 26, 2024, Jagdeep Singh and his affiliated trusts adopted a Rule 10b5-1 trading arrangement providing for the sale from time to time of an aggregate of up to 3,249,520 shares of Class A common stock, subject to satisfaction of certain conditions, including, among others, trading price (the "Trading Plan"). The Trading Plan was intended to satisfy the affirmative defense in Rule 10b5-1(c). The Trading Plan was terminated on January 22, 2025. The information set forth in Item 3 regarding the Conversion is hereby incorporated by reference into this Item 4. (d) As previously disclosed in the Issuer's Current Reports on Form 8-K filed with the SEC on February 14, 2024 and October 23, 2024, respectively, Mr. Singh transitioned from his position as Chief Executive Officer of the Issuer on February 15, 2024 and retired from his position as Chairman of the board of directors of the Issuer on December 31, 2024, and consequently no longer has influence over the corporate activities of the Issuer. Item 5 of the Schedule 13D is hereby amended and supplemented as follows: (a) As of the date hereof, the Reporting Person beneficially owns an aggregate of 23,222,112 shares of Class A common stock, on an as if exercised and issued basis, or 4.6% of the Issuer's outstanding shares of Class A common stock. The beneficial ownership percentages used in this Schedule are calculated based on 503,667,649 shares of Class A common stock outstanding as of February 19, 2025, as reported in the Issuer's Annual Report on Form 10-K filed with the SEC on February 26, 2025, and 3,267,833 shares of Class A common stock issued or issuable upon exercise of options held by Mr. Singh on March 7, 2025. Mr. Singh has sole voting and dispositive power with respect to 4,230,070 shares of Class A common stock and 3,267,833 shares of Class A common stock issuable upon exercise of options directly held by Mr. Singh. Mr. Singh shares voting and dispositive power with respect to 10,181,041 shares of Class A common stock beneficially owned by UDT Trust and 5,543,168 shares of Class A common stock held by the Trusts. Except as set forth herein, the Reporting Person has not effected any transactions in the common stock during the past 60 days. The Reporting Person and Trusts sold the following shares of Class A common stock in open-market transactions: (i) On January 21, 2025, the Reporting Person effected the sale of 197,270 shares pursuant to the Trading Plan and an exercise and sale of vested stock options expiring on March 31, 2025. On the same date, the Trusts effected the sale of 57,690 shares pursuant to the Trading Plan. All of these shares sold on January 21, 2025 were sold in multiple transactions at prices ranging from $5.08 to $5.32, inclusive, with a weighted average price of $5.2027; (ii) From March 4 to March 7, 2025, the Reporting Person effected the sale of an aggregate 4,000,000 shares pursuant to exercises and sales of vested stock options expiring on March 31, 2025. The shares were sold in multiple transactions at prices ranging from $4.35 to $4.505, inclusive, with a weighted average price of $4.403. The Reporting Person undertakes to provide to the Issuer or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Schedule 13D. The information set forth in Item 3 regarding the Conversion is hereby incorporated by reference into this Item 5. Except as disclosed in Item 2, no person is known to the Reporting Person to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any securities covered by this Schedule. March 5, 2025 Item 6 of the Schedule 13D is hereby amended and supplemented as follows: As previously disclosed in the Issuer's Current Report on Form 8-K dated July 11, 2024, in connection with the signing of the Joint Venture Termination and Release Agreement by and between Volkswagen Group of America, Inc., Volkswagen Group of America Investments, LLC, Quantumscape Corporation, Quantumscape Battery, Inc. and QSV Operations, LLC on July 5, 2024, the restrictions on the transfer of the Company's securities under the Senior Employee Lock-Up Agreement automatically terminated pursuant to its terms. The information set forth in Item 4 regarding the Trading Plan is hereby incorporated by reference into this Item 6. Singh Jagdeep /s/ Jagdeep Singh Jagdeep Singh 03/07/2025