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

Role: Chief Product Officer
Signature: /s/ Tracey Mastropoalo - Attorney-in-Fact
Stock symbol: VLDR
Transactions as of: Mar 9, 2022
Transactions value $: -$50,592
Form type: 4
Date filed: 3/11/2022, 04:42 PM
Previous filing: Feb 11, 2022
Next filing: Apr 15, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VLDR	Common Stock	Options Exercise	$0	+37.9K	+762.7%	$0.00	42.9K	Mar 9, 2022	Direct	F1
transaction	VLDR	Common Stock	Sale	-$50.6K	-24.6K	-57.28%	$2.06	18.3K	Mar 10, 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	VLDR	Restricted Stock Unit	Options Exercise	$0	+37.9K	+50%	$0.00	114K	Mar 9, 2022	Common Stock	152K		Direct	F3

* 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 March 9, 2022.
F2	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.
F3	Represents a restricted stock unit award that vests in installments, with twenty-five percent (25%) of the shares vesting on March 1, 2022, and six-and-one-quarter percent (6.25%) of the shares vesting quarterly thereafter, subject to the Reporting Person's continuous service with the issuer.