Anurag Gupta - Jan 24, 2023 Form 4 Insider Report for Velodyne Lidar, Inc. (VLDR)

Role: EVP of Engineering
Signature: /s/ Daniel Horwood, Attorney-in-Fact
Stock symbol: VLDR
Transactions as of: Jan 24, 2023
Transactions value $: -$12,877
Form type: 4
Date filed: 1/25/2023, 03:44 PM
Previous filing: Apr 15, 2022
Next filing: Feb 13, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VLDR	Common Stock	Sale	-$12.9K	-12.9K	-0.94%	$1.00	1.36M	Jan 24, 2023	Direct	F1

* 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 previously reported 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.

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 previously reported 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.