Bernard Chung - Nov 15, 2022 Form 4 Insider Report for Velo3D, Inc. (VLD)

Signature
/s/ William D. McCombe as attorney-in-fact for Bernard Chung
Stock symbol
VLD
Transactions as of
Nov 15, 2022
Transactions value $
-$6,338
Form type
4
Date filed
12/14/2022, 03:39 PM
Previous filing
Nov 3, 2022
Next filing
Apr 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VLD Common Stock Options Exercise +6.65K +6.65% 107K Nov 15, 2022 Direct F1
transaction VLD Common Stock Sale -$6.34K -2.42K -2.27% $2.61 104K Nov 16, 2022 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 VLD Restricted Stock Unit (RSU) Options Exercise $0 -6.65K -25% $0.00 19.9K Nov 15, 2022 Common Stock 6.65K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock upon settlement for no consideration.
F2 The sale of shares is for the sole purpose of covering the Reporting Person's tax liability with respect to the settlement of RSUs.
F3 The RSUs vest as to 1/4th of the total shares on November 15, 2022, and thereafter 1/16th of the total shares vest quarterly until such time as the RSUs are 100% vested, subject to the continued service of the Reporting Person on each vesting date.