Ellen M. Pawlikowski - Jun 8, 2023 Form 4 Insider Report for Velo3D, Inc. (VLD)

Role
Director
Signature
/s/ William D. McCombe as attorney-in-fact for Ellen M. Pawlikowski
Stock symbol
VLD
Transactions as of
Jun 8, 2023
Transactions value $
-$47,074
Form type
4
Date filed
6/16/2023, 06:53 PM
Previous filing
May 4, 2023
Next filing
Jun 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction VLD Common Stock Options Exercise +18.1 K +29.76% 79 K Jun 8, 2023 Direct F1
transaction VLD Common Stock Sale -$47.1 K -24.4 K -30.83% $1.93 54.7 K Jun 14, 2023 Direct F2, F3

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 Units Options Exercise $0 -18.1 K -100% $0.00 0 Jun 8, 2023 Common Stock 18.1 K Direct F1, F4

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one (1) share of the Issuer's Common Stock upon settlement for no consideration.
F2 The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 15, 2023.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.87 to $2.09 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 The RSUs shall vest as to 25% of the total grant quarterly, commencing September 8, 2022, with the remainder of grant vesting on each subsequent December 8, 2022, March 8, 2023, and June 8, 2023, subject to the Reporting Person's continued service to the Issuer on each vesting date.