Joseph Michael Jellen - May 21, 2021 Form 4/A - Amendment Insider Report for Velodyne Lidar, Inc. (VLDR)

Signature
/s/ Tracey Mastropoalo, Attorney-in-Fact
Stock symbol
VLDR
Transactions as of
May 21, 2021
Transactions value $
-$24,677,746
Form type
4/A - Amendment
Date filed
5/26/2021, 05:42 PM
Date Of Original Report
May 25, 2021
Next filing
May 28, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VLDR Common Stock Sale -$21.8M -2.13M -56.54% $10.23* 1.64M May 21, 2021 Direct F1
transaction VLDR Common Stock Sale -$2.9M -280K -17.12% $10.37* 1.36M May 25, 2021 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 represent shares sold by the Reporting Person to cover tax withholding obligations. These sales are mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary trades by the Reporting Person.
F2 Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $10.08 to $10.63. The Reporting Person has provided to the issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
F3 The Reporting Person is filing this amendment to report that the 280,000 shares sold on May 25, 2021 were sold in discretionary open market transactions rather than in non-discretionary "sell to cover" transactions.