Andrew Hamer - Dec 8, 2021 Form 4 Insider Report for Velodyne Lidar, Inc. (VLDR)

Role
CFO and Treasurer
Signature
/s/ Tracey Mastropoalo - Attorney-in-Fact
Stock symbol
VLDR
Transactions as of
Dec 8, 2021
Transactions value $
-$12,939
Form type
4
Date filed
12/10/2021, 05:29 PM
Previous filing
Nov 12, 2021
Next filing
Jan 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VLDR Common Stock Options Exercise +4.72K +4.24% 116K Dec 8, 2021 Direct F1, F2
transaction VLDR Common Stock Sale -$12.9K -2.42K -2.09% $5.34 114K Dec 9, 2021 Direct 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 VLDR Restricted Stock Unit Options Exercise $0 -4.72K -7.14% $0.00 61.4K Dec 8, 2021 Common Stock 66.1K Direct F4
* 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 December 8, 2021.
F2 Includes 2,604 shares acquired under the VLDR 2020 Employee Stock Purchase Plan on November 30, 2021. This transaction is exempt pursuant to Rule 16b-3(c).
F3 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 Reporting Person's award agreement 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.
F4 The Reporting Person was granted RSUs which represent a contingent right to receive one share of Common Stock for each RSU. The RSUs shall vest with respect to six-and-one-quarter percent (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.