Ted L. Tewksbury III - Jan 31, 2023 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
Jan 31, 2023
Transactions value $
-$6,106
Form type
4
Date filed
2/2/2023, 04:26 PM
Previous filing
Dec 23, 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 -$6.11K -5.5K -0.21% $1.11 2.68M Jan 31, 2023 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a Restricted Stock Award ("RSA") that vests in installments, with twenty-five percent (25%) of the shares vesting on November 10, 2022 and six-and-one-quarter percent (6.25%) of the shares vesting quarterly thereafter, subject to continued service with the Issuer.
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 Includes 15,000 shares of common stock acquired pursuant to the Company's 2020 Employee Stock Purchase Plan acquired by the Reporting Person on November 30, 2022