Kathryn McBeath - Jan 23, 2023 Form 4 Insider Report for Velodyne Lidar, Inc. (VLDR)

Signature
/s/ Daniel Horwood, Attorney-in-Fact
Stock symbol
VLDR
Transactions as of
Jan 23, 2023
Transactions value $
-$1,039
Form type
4
Date filed
1/25/2023, 03:41 PM
Previous filing
Jan 3, 2023
Next filing
Feb 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VLDR Common Stock Options Exercise $0 +2.42K +0.42% $0.00 576K Jan 23, 2023 Direct
transaction VLDR Common Stock Sale -$1.04K -1.04K -0.18% $1.00 574K Jan 24, 2023 Direct F1, 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 Restricted Stock Unit Options Exercise $0 -2.42K -33.33% $0.00 4.85K Jan 23, 2023 Common Stock 2.42K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 8,825 shares acquired under the VLDR 2020 Employee Stock Purchase Plan on January 23, 2023. This transaction is exempt pursuant to Rule 16b-3(c).
F2 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 December 8, 2021.
F3 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.
F4 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 RSU shall vest over a two (2) year period in equal quarterly installments from July 18, 2021, subject to the Reporting Person remaining in continous service with the Issuer.