Sinclair Vass - Feb 9, 2022 Form 4 Insider Report for Velodyne Lidar, Inc. (VLDR)

Role
Chief Commercial Officer
Signature
/s/ Tracey Mastropoalo - Attorney-in-Fact
Stock symbol
VLDR
Transactions as of
Feb 9, 2022
Transactions value $
-$4,111
Form type
4
Date filed
2/11/2022, 03:45 PM
Previous filing
Nov 12, 2021
Next filing
Mar 11, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VLDR Common Stock Options Exercise +2.42K +67.87% 5.99K Feb 9, 2022 Direct F1, F2, F3
transaction VLDR Common Stock Sale -$4.11K -1.02K -17.07% $4.02 4.97K Feb 10, 2022 Direct F4

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 +2.42K +20% $0.00 14.5K Feb 9, 2022 Common Stock 17K Direct F5
* 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 (1) share of Common Stock for each RSU. The shares were issued pursuant to vested RSUs released on February 9, 2022.
F2 This Form 4 is being updated to report 236 share(s) that was inadvertently omitted on the Reporting Person's Form 4 filed on July 20, 2021.
F3 Includes 1,705 shares acquired under the VLDR 2020 Employee Stock Purchase Plan on Date. This transaction is exempt pursuant to Rule 16b-3(c).
F4 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.
F5 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 over a two-year period in equal quarterly installments from July 18, 2021, subject to the Reporting Person's continuous service with the issuer.