Kathryn McBeath - Jun 9, 2021 Form 4 Insider Report for Velodyne Lidar, Inc. (VLDR)

Role: Chief People Officer
Signature: /s/ Tracey Mastropoalo, Attorney-in-Fact
Stock symbol: VLDR
Transactions as of: Jun 9, 2021
Transactions value $: -$6,443
Form type: 4
Date filed: 6/11/2021, 08:52 PM
Next filing: Jul 20, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VLDR	Common Stock	Options Exercise		+1.61K			1.61K	Jun 9, 2021	Direct	F1
transaction	VLDR	Common Stock	Sale	-$6.44K	-566	-35.22%	$11.38^*	1.04K	Jun 10, 2021	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	VLDR	Restricted Stock Unit	Options Exercise	$0	-1.61K	-6.25%	$0.00	24.1K	Jun 9, 2021	Common Stock	1.61K		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 was granted restricted stock units ("RSUs") which represent a contingent right to receive one share of Common Stock for each RSU. The shares were issued pursuant to vested RSUs released on June 9, 2021.
F2	The sales reported on this Form 4 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 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.
F3	The Reporting Person was granted RSUs which represent a contingent right to receive one share of Common Stock for each RSU. The RSU shall vest with respect to 6.25% of the RSUs on each company quarterly vesting dates after February 28, 2021, provided the Reporting Person remains in continuous service on each vesting date. Quarterly vesting dates are February 28, May 28, August 28 and November 28.