Joseph Michael Jellen - Jun 2, 2021 Form 4 Insider Report for Velodyne Lidar, Inc. (VLDR)

Signature
/s/ Tracey Mastropoalo, Attorney-in-Fact
Stock symbol
VLDR
Transactions as of
Jun 2, 2021
Transactions value $
-$200,200
Form type
4
Date filed
6/3/2021, 08:00 PM
Previous filing
May 28, 2021
Next filing
Jun 11, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VLDR Common Stock Sale -$200K -20K -1.44% $10.00* 1.37M Jun 2, 2021 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported represent shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the previously reported vesting and settlement of restricted stock units ("RSUs"). 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.