Ted L. Tewksbury III - Dec 22, 2022 Form 4 Insider Report for Velodyne Lidar, Inc. (VLDR)

Role: Chief Executive Officer, Director
Signature: /s/ Daniel Horwood, Attorney-in-Fact
Stock symbol: VLDR
Transactions as of: Dec 22, 2022
Transactions value $: -$125,262
Form type: 4
Date filed: 12/23/2022, 03:05 PM
Previous filing: Nov 14, 2022
Next filing: Feb 2, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VLDR	Common Stock	Sale	-$125K	-159K	-5.61%	$0.79	2.67M	Dec 22, 2022	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	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 vesting and settlement of restricted stock awards. 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.
F2	Includes 9,172 shares of common stock acquired pursuant to the Company's 2020 Employee Stock Purchase Plan acquired by the Reporting Person on November 30, 2022

Content

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 vesting and settlement of restricted stock awards. 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.

Includes 9,172 shares of common stock acquired pursuant to the Company's 2020 Employee Stock Purchase Plan acquired by the Reporting Person on November 30, 2022