Benyamin Buller - Nov 15, 2022 Form 4 Insider Report for Velo3D, Inc. (VLD)

Role: Chief Executive Officer, Director
Signature: /s/ William D. McCombe as attorney-in-fact for Benyamin Buller
Stock symbol: VLD
Transactions as of: Nov 15, 2022
Transactions value $: -$84,188
Form type: 4
Date filed: 12/14/2022, 03:33 PM
Previous filing: Nov 3, 2022
Next filing: Apr 18, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VLD	Common Stock	Options Exercise		+88.4K	+1.8%		5.01M	Nov 15, 2022	Direct	F1
transaction	VLD	Common Stock	Sale	-$84.2K	-32.2K	-0.64%	$2.61	4.98M	Nov 16, 2022	Direct	F2

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	VLD	Restricted Stock Unit (RSU)	Options Exercise	$0	-88.4K	-25%	$0.00	265K	Nov 15, 2022	Common Stock	88.4K		Direct	F1, F3

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

Explanation of Responses:

Id	Content
F1	Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock upon settlement for no consideration.
F2	The sale of shares is for the sole purpose of covering the Reporting Person's tax liability with respect to the settlement of RSUs.
F3	The RSUs vest as to 1/4th of the total shares on November 15, 2022, and thereafter 1/16th of the total shares vest quarterly until such time as the RSUs are 100% vested, subject to the continued service of the Reporting Person on each vesting date.