Sinclair Vass - Aug 10, 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
Aug 10, 2022
Transactions value $
-$1,411
Form type
4
Date filed
8/12/2022, 04:56 PM
Previous 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 +2,423 +0.33% 737,567 Aug 10, 2022 Direct F1
transaction VLDR Common Stock -Sell -$1,411 -818 -0.11% $1.73 736,749 Aug 11, 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 -2,423 -20% $0.00 9,693 Aug 10, 2022 Common Stock 12,116 Direct F3

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 August 10, 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.