K-stability and birational models of moduli of quartic K3 surfaces

We show that the K-moduli spaces of log Fano pairs (P³, cS) (P3,cS) where S is a quartic surface interpolate between the GIT moduli space of quartic surfaces and the Baily–Borel compactification of moduli of quartic K3 surfaces as c varies in the interval (0, 1). We completely describe the wall crossings of these K-moduli spaces. As the main application, we verify Laza–O’Grady’s prediction on the Hassett–Keel–Looijenga program for quartic K3 surfaces. We also obtain the K-moduli compactification of quartic double solids, and classify all Gorenstein canonical Fano degenerations of P³ P3 .