James Barnhart - Oct 12, 2022 Form 4 Insider Report for Velodyne Lidar, Inc. (VLDR)

Role
Chief Operating Officer
Signature
/s/ Tracey Mastropoalo - Attorney-in-Fact
Stock symbol
VLDR
Transactions as of
Oct 12, 2022
Transactions value $
-$4,389
Form type
4
Date filed
10/14/2022, 04:42 PM
Previous filing
Sep 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction VLDR Common Stock +Options Exercise +14,215 +1.27% 1,129,412 Oct 12, 2022 Direct F1
transaction VLDR Common Stock -Sell -$4,389 -5,163 -0.46% $0.85 1,124,249 Oct 13, 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 -14,215 -9.09% $0.00 142,149 Oct 12, 2022 Common Stock 156,364 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 October 12, 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 RSUs that vest in installments, with twenty-five percent (25%) of the shares vesting on March 15, 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.