Ernest E. Maddock - 10 Feb 2023 Form 4 Insider Report for Velodyne Lidar, Inc.

Quoteable Key Fact

"Ernest E. Maddock filed Form 4 for Velodyne Lidar, Inc. on 13 Feb 2023."

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This page summarizes Ernest E. Maddock's Form 4 filing for Velodyne Lidar, Inc..
3 reported transactions and 1 derivative row are listed below.
Filing timestamp: 13 Feb 2023, 16:01.

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VLDR	Common Stock	Options Exercise	$0	+20,732	+15%	$0.000000	162,126	10 Feb 2023	Direct	F1
transaction	VLDR	Common Stock	Disposed to Issuer		-162,126	-100%		0	10 Feb 2023	Direct	F2, F3

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	-20,732	-100%	$0.000000^*	0	10 Feb 2023	Common Stock	20,732		Direct	F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Ernest E. Maddock is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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 outstanding share of Velodyne common stock automatically converted to the right to receive 0.8204 of a share of Ouster common stock.
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 the issuer's common stock. The RSUs were granted in connection with theReporting Person's appointment as a member of the Board of Directors. Subject to the Reporting Person's continuous service, the RSUs will vest with respect to 1/3 of the RSUs annually on the date of grant.
F5	Pursuant to the Company's Outside Director Compensation Policy, each unvested RSU was accelerated upon the closing of the Merger.