Andreas W. Mattes - 10 Feb 2023 Form 4 Insider Report for Velodyne Lidar, Inc.

Role
Director
Signature
/s/ Daniel Horwood
Issuer symbol
N/A
Transactions as of
10 Feb 2023
Net transactions value
$0
Form type
4
Filing time
13 Feb 2023, 16:03:45 UTC
Previous filing
02 Nov 2022
Next filing
11 May 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 -111,028 -100% 0 10 Feb 2023 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Andreas W. Mattes 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 outstanding share of Velodyne common stock automatically converted to the right to receive 0.8204 of a share of Ouster common stock.
F3 Includes 111,028 restricted stock awards that were accelerated upon the closing of the merger pursuant to the Company's Outside Director Compensation Policy.