Benyamin Buller - Dec 1, 2023 Form 4 Insider Report for Velo3D, Inc. (VLD)

Role
Chief Executive Officer, Director
Signature
/s/ Bernard Chung as attorney-in-fact for Benyamin Buller
Stock symbol
VLD
Transactions as of
Dec 1, 2023
Transactions value $
-$10,147
Form type
4
Date filed
12/5/2023, 06:10 PM
Previous filing
Nov 24, 2023
Next filing
Dec 11, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VLD Common Stock Options Exercise $900 +5K +0.1% $0.18* 5.2M Dec 1, 2023 Direct
transaction VLD Common Stock Options Exercise $900 +5K +0.1% $0.18* 5.2M Dec 1, 2023 Direct
transaction VLD Common Stock Sale -$10K -10K -0.19% $1.00 5.19M Dec 1, 2023 Direct F1
transaction VLD Common Stock Sale -$1.95K -2K -0.04% $0.97 5.19M Dec 1, 2023 Direct F1, 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 Stock Option (right to buy Common Stock) Options Exercise $0 -5K -0.23% $0.00 2.14M Dec 1, 2023 Common Stock 5K $0.18 Direct F3
transaction VLD Stock Option (right to buy Common Stock) Options Exercise $0 -5K -0.19% $0.00 2.61M Dec 1, 2023 Common Stock 5K $0.18 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 15, 2023.
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.9531 to $0.9999 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.
F3 The option vests as to 1/4 of the total shares on June 11, 2020, and thereafter 2.0833% of the total shares vest monthly until such time as the option is 100% vested, subject to the continued service of the Reporting Person on each vesting date.