Sinclair Vass - 09 Feb 2022 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: 09 Feb 2022
Net transactions value: -$4,111
Form type: 4
Filing time: 11 Feb 2022, 15:45:36 UTC
Previous filing: 12 Nov 2021
Next filing: 11 Mar 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	+68%		5,993	09 Feb 2022	Direct	F1, F2, F3
transaction	VLDR	Common Stock	Sale	$4,111	-1,023	-17%	$4.02	4,970	10 Feb 2022	Direct	F4

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	+20%	$0.000000	14,539	09 Feb 2022	Common Stock	16,962		Direct	F5

* 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 (1) share of Common Stock for each RSU. The shares were issued pursuant to vested RSUs released on February 9, 2022.
F2	This Form 4 is being updated to report 236 share(s) that was inadvertently omitted on the Reporting Person's Form 4 filed on July 20, 2021.
F3	Includes 1,705 shares acquired under the VLDR 2020 Employee Stock Purchase Plan on Date. This transaction is exempt pursuant to Rule 16b-3(c).
F4	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.
F5	The Reporting Person was granted 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.