Anurag Gupta - 10 Feb 2023 Form 4 Insider Report for Velodyne Lidar, Inc.

Role
EVP of Engineering
Signature
/s/ Daniel Horwood, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
10 Feb 2023
Net transactions value
$0
Form type
4
Filing time
13 Feb 2023, 15:59:28 UTC
Previous filing
25 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VLDR Common Stock Disposed to Issuer -623,348 -46% 734,801 10 Feb 2023 Direct F1, F2
transaction VLDR Common Stock Disposed to Issuer -734,801 -100% 0 10 Feb 2023 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Anurag Gupta is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On February 10, 2023, the closing of the transactions contemplated by the Agreement and Plan of Merger, dated November 4, 2022 (as it may be amended from time to time), by and among Ouster, Inc. ("Ouster"), Oban Merger Sub, Inc., a wholly owned subsidiary of Ouster, Oban Merger Sub II LLC, a wholly owned subsidiary of Ouster, and Velodyne Lidar, Inc. ("Velodyne") occurred, pursuant to which Velodyne merged into a wholly owned subsidiary of Ouster (the "Merger").
F2 At the effective time of the Merger (the "Effective Time"), each performance-based restricted stock award was deemed to be met at the target level of achievement of the performance goals, resulting in a forfeiture of shares above the target level.
F3 At the effective time of the Merger, each outstanding share of Velodyne common stock automatically converted to the right to receive 0.8204 of a share of Ouster common stock.