Velo3D director exercises 1,960 RSUs at $10.53
A Velo3D, Inc. director exercised 1,960 RSUs into common stock and now reports direct, indirect, and unvested equity holdings with scheduled vesting through June 2027.
Rhea-AI Filing Summary
Velo3D, Inc. director Lloyd Jason Michael reported the exercise of 1,960 restricted stock units into 1,960 shares of common stock on September 12, 2026. After this derivative exercise, he holds 16,335 shares of common stock directly, 7,000 shares indirectly through an individual retirement account, and 5,883 RSUs directly. The RSUs, granted under the Company’s 2021 Equity Incentive Plan, are scheduled to vest in four equal 25% installments on September 12, 2026, December 12, 2026, March 12, 2027 and June 12, 2027, subject to continued service. No Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,960 shares exercised/converted
Exercise
3 txns
Insider
Lloyd Jason Michael
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F1, F2 | 1,960 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,960 | $10.53 | $21K |
| holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 5,883 contracts (Direct);
Common Stock — 16,335 shares (Direct);
Common Stock — 7,000 shares (Indirect, See footnote)
Footnotes (3)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of Velo3D, Inc. (the "Company"), granted under the Company's 2021 Equity Incentive Plan. The Compensation Committee (the "Committee") of the Board of Directors of the Company, in its sole discretion, may settle earned RSUs in cash, shares of common stock of the Company, or a combination of both.
- F2. The RSUs shall vest as to 25% of the total grant quarterly, commencing September 12, 2026, with the remainder of grant vesting on each subsequent quarter, December 12, 2026, March 12, 2027 and June 12, 2027, subject to the Reporting Person's continued service to the Issuer on each vesting date.
- F3. The reported securities are held in an individual retirement account ("IRA") for the benefit of the reporting person.
Key Figures
RSUs exercised: 1,960 units
Common stock received per RSU exercise: 1,960 shares
Reported price per common share: $10.53 per share
+4 more
7 metrics
RSUs exercised
1,960 units
Restricted stock units converted into common stock on September 12, 2026
Common stock received per RSU exercise
1,960 shares
Shares of Velo3D common stock acquired upon RSU exercise on September 12, 2026
Reported price per common share
$10.53 per share
Associated with 1,960 shares of common stock acquired on September 12, 2026
Direct common stock holdings after transaction
16,335 shares
Shares of Velo3D common stock held directly following the September 12, 2026 transaction
Unvested RSU holdings after transaction
5,883 units
Restricted stock units held directly after the derivative exercise
Indirect common stock holdings
7,000 shares
Shares held in an individual retirement account for the benefit of the reporting person
RSU vesting installments
25% on each of 4 dates
Vesting on September 12, 2026; December 12, 2026; March 12, 2027; June 12, 2027
Key Terms
Restricted Stock Unit, 2021 Equity Incentive Plan, individual retirement account ("IRA"), Compensation Committee
4 terms
Restricted Stock Unit financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
2021 Equity Incentive Plan financial
"granted under the Company's 2021 Equity Incentive Plan"
individual retirement account ("IRA") financial
"The reported securities are held in an individual retirement account ("IRA")"
Compensation Committee financial
"The Compensation Committee (the "Committee") of the Board of Directors"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Velo3D (VELO) director Lloyd Jason Michael report?
He reported exercising 1,960 restricted stock units into 1,960 shares of Velo3D common stock on September 12, 2026, as part of an equity award granted under the company’s 2021 Equity Incentive Plan.
What unvested RSUs in Velo3D (VELO) does the director still hold?
Following the exercise, he holds 5,883 restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Velo3D common stock, subject to the vesting schedule and continued service conditions.
What is the vesting schedule of the Velo3D (VELO) RSU grant reported?
The RSUs vest 25% on each of four dates: September 12, 2026; December 12, 2026; March 12, 2027; and June 12, 2027. Vesting is subject to the reporting person’s continued service to the issuer on each vesting date.
Does the Velo3D (VELO) director have indirect holdings reported on this Form 4?
Yes. 7,000 shares of Velo3D common stock are held indirectly in an individual retirement account (IRA) for the benefit of the reporting person, as described in a footnote.
Was the Velo3D (VELO) insider transaction made under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is not affirmed, and no footnote states that these transactions were made pursuant to a Rule 10b5-1 or similar pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
