Mark Weinswig - 10 Feb 2023 Form 4 Insider Report for Velodyne Lidar, Inc.

Reporting relationship: Chief Financial Officer
Issuer ticker: N/A
Reported as of: 10 Feb 2023
Net transaction value: $0
SEC form: 4
Accepted by SEC: 13 Feb 2023, 15:58:47 UTC
Prior SEC filing: 03 Jun 2022
Next SEC filing: 20 Mar 2023
Source filing: View source filing
Reporting owner signature: /s/ Daniel Horwood

Key filing fact

Mark Weinswig filed Form 4 for Velodyne Lidar, Inc. on 13 Feb 2023.

Key facts

This page summarizes Mark Weinswig's Form 4 filing for Velodyne Lidar, Inc..
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 13 Feb 2023, 15:58.

Change

Previous filing in this sequence was filed on 03 Jun 2022.
Current net transaction value: $0.

Research use

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.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

VLDR transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -654,587
Change %: -40%
Price
Shares after: 963,286
Date: 10 Feb 2023
Ownership: Direct
Footnotes: F1, F2, F3

VLDR transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -963,286
Change %: -100%
Price
Shares after: 0
Date: 10 Feb 2023
Ownership: Direct
Footnotes: F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Mark Weinswig is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 4 footnotes

Footnote 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").

Footnote 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.

Footnote F3

Includes 15,000 and 13,162 shares of common stock acquired pursuant to the Company's 2020 Employee Stock Purchase Plan acquired by the Reporting Person on January 23, 2023 and November 30, 2022, respectively

Footnote F4

At 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.