Sinclair Vass - May 11, 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: May 11, 2022
Transactions value $: -$1,275
Form type: 4
Date filed: 5/13/2022, 05:12 PM
Previous filing: Apr 15, 2022
Next filing: Jun 10, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VLDR	Common Stock	Options Exercise	$0	+2.42K	+0.33%	$0.00	727K	May 11, 2022	Direct	F1
transaction	VLDR	Common Stock	Sale	-$1.27K	-873	-0.12%	$1.46	726K	May 12, 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	+2.42K	+25%	$0.00	12.1K	May 11, 2022	Common Stock	14.5K		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 May 11, 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	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 RSUs shall vest over a two-year period in equal quarterly installments from July 18, 2021, subject to continued service with the Issuer.