Hamid Zarringhalam - 10 Feb 2023 Form 4 Insider Report for Velodyne Lidar, Inc.

Role
Director
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, 15:59:48 UTC
Previous filing
12 Aug 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VLDR Common Stock Options Exercise +6,258 +4.4% 147,377 10 Feb 2023 Direct F1, F2
transaction VLDR Common Stock Disposed to Issuer -147,377 -100% 0 10 Feb 2023 Direct 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 -6,258 -100% 0 10 Feb 2023 Common Stock 6,258 Direct F1, F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Hamid Zarringhalam 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 Pursuant to the Company's Outside Director Compensation Policy, each unvested RSU was accelerated upon the closing of the Merger.
F3 Includes a restricted stock award of 111,028 shares that was accelerated upon the closing of the Mergers pursuant to the Company's Outside Director Compensation Policy.
F4 The Reporting Person was granted restricted stock units ("RSUs") which represent a contingent right to receive one share of Common Stock for each RSU. The RSU shall vest with respect to 1/3rd of the RSUs annually after March 15, 2021, provided the Reporting Person remains in continuous service on each vesting date.