Michael E. Dee - Mar 9, 2022 Form 4 Insider Report for Velodyne Lidar, Inc. (VLDR)

Role: Director
Signature: /s/ Daniel Horwood, Attorney-in-Fact
Stock symbol: VLDR
Transactions as of: Mar 9, 2022
Transactions value $: $19,960
Form type: 4
Date filed: 3/11/2022, 04:46 PM
Previous filing: Jan 4, 2022
Next filing: Mar 14, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VLDR	Common Stock	Purchase	$9.96K	+4.7K	+7.82%	$2.12	64.8K	Mar 9, 2022	Direct
holding	VLDR	Common Stock						300	Mar 9, 2022	By Trust	F1
holding	VLDR	Common Stock						219K	Mar 9, 2022	By Spar City Capital LLC	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	VLDR	Public Warrants (right to buy)	Purchase	$10K	+10.2K	+1.98%	$0.98	526K	Mar 9, 2022	Common Stock	10.2K	$11.50	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Owned by a trust of which one of Mr. Dee's children is the beneficiary and for which Mr. Dee serves as trustee. Mr. Dee disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
F2	Represents shares of Common Stock purchased pursuant to a Subscription Agreement, dated as of July 2, 2020, executed in connection with the Business Combination between Graf Industrial Corp. and Velodyne Lidar, Inc. as described in Graf Industrial Corp.'s definitive proxy statement on Schedule 14A filed by Graf Industrial Corp. with the SEC on September 14, 2020.
F3	Voting and investment power over the shares held by Spar City Capital LLC resides with Mr. Dee as its President and Chief Financial Officer. Mr. Dee disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
F4	Each public warrant is exercisable to purchase one-half of one share, or three-quarters of one share, of the Issuer's common stock at $11.50 per whole share, subject to adjustment as described under the heading "Description of Securities - Redeemable Warrants - Public Stockholders' Warrants" in the Issuer's Registration Statement on Form S-1 (File No. 333-227396) (the "Registration Statement").