Sinclair Vass - 10 Nov 2021 Form 4 Insider Report for Velodyne Lidar, Inc.

Role
Chief Commercial Officer
Signature
/s/ Tracey Mastropoalo - Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
10 Nov 2021
Net transactions value
-$5,901
Form type
4
Filing time
12 Nov 2021, 16:08:35 UTC
Previous filing
20 Jul 2021
Next filing
11 Feb 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 +2,423 +4038% 2,483 10 Nov 2021 Direct F1
transaction VLDR Common Stock Sale $5,901 -854 -34% $6.91* 1,629 11 Nov 2021 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 VLDR Restricted Stock Unit Options Exercise $0 -2,423 -12% $0.000000 16,962 10 Nov 2021 Common Stock 2,423 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 shares were issued pursuant to vested RSUs released on November 10, 2021.
F2 The sales reported on this Form 4 represent shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the previously reported vesting and settlement of RSUs. These sales are mandated by the Reporting Person's award agreement to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary trades by the Reporting Person.
F3 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 over a two-year period in equal quarterly installments from July 18, 2021, subject to the Reporting Person's continuous service with the issuer.

Remarks:

Exhibit 24 - Power of Attorney