Joseph B. Culkin - 27 May 2021 Form 4 Insider Report for Velodyne Lidar, Inc.

Role
Director
Signature
/s/ Tracey Mastropoalo, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
27 May 2021
Net transactions value
-$14,438,639
Form type
4
Filing time
01 Jun 2021, 19:30:32 UTC
Next filing
03 Jun 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VLDR Common Stock Gift -1,637,743 -12% 11,921,453 01 Dec 2020 Direct F1
transaction VLDR Common Stock Sale $14,011,023 -1,394,659 -12% $10.05* 10,526,794 27 May 2021 Direct F2
transaction VLDR Common Stock Sale $427,616 -37,700 -0.36% $11.34* 10,489,094 27 May 2021 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person previously gifted shares to seven irrevocable trusts established for various family members of which the Reporting Person was trustee and remained the beneficial owner of the shares. In April 2021, the Reporting Person resigned as Trustee of each of the seven irrevocable trusts and the Reporting Person is no longer the beneficial owner of the shares gifted to such trusts.
F2 Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $10.00 to $10.50. 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 Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $11.25 to $11.39. 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.