Velo3D director exercises 3,188 RSUs into shares
Velo3D, Inc. director Kenneth Dale Thieneman reported an exercise of equity awards rather than an open-market trade.
Rhea-AI Filing Summary
Velo3D, Inc. director Kenneth Dale Thieneman reported an exercise of equity awards rather than an open-market trade. On March 27, 2026, 3,188 Restricted Stock Units converted into 3,188 shares of common stock, reflecting vesting of a prior grant. The RSUs represent a contingent right to receive one share of common stock for no cash consideration upon settlement. After these transactions, Thieneman holds 9,564 shares of common stock directly and 1,145,830 shares indirectly through Thieneman Construction, Inc.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,188 shares exercised/converted
Exercise
3 txns
Insider
Thieneman Kenneth Dale
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,188 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,188 | $10.00 | $32K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 4,811 contracts (Direct);
Common Stock — 9,564 shares (Direct);
Common Stock — 1,145,830 shares (Indirect, By Thieneman Construction, Inc.)
Footnotes (2)
- 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 RSUs shall vest as to 25% of the total grant quarterly, commencing June 27, 2025, with the remainder of grant vesting on each subsequent September 27, 2025, December 27, 2025, March 27, 2026, and June 27, 2026, subject to the Reporting Person's continued service to the Issuer on each vesting date.
Key Figures
RSUs converted: 3,188 units
Common shares from RSUs: 3,188 shares
Direct common stock holdings: 9,564 shares
+3 more
6 metrics
RSUs converted
3,188 units
Restricted Stock Units settled into common stock on March 27, 2026
Common shares from RSUs
3,188 shares
Common stock received upon RSU settlement on March 27, 2026
Direct common stock holdings
9,564 shares
Shares held directly by Thieneman after transactions
Indirect common stock holdings
1,145,830 shares
Shares held indirectly through Thieneman Construction, Inc.
RSU settlement consideration
$0.00 per share
Each RSU settles into one share for no cash consideration
RSU vest start date
June 27, 2025
First 25% of RSU grant vests on this date
Key Terms
Restricted Stock Units, contingent right, vest, indirect, +1 more
5 terms
Restricted Stock Units financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"represents a contingent right to receive one share of the Issuer's Common Stock upon settlement for no consideration"
vest financial
"The RSUs shall vest as to 25% of the total grant quarterly, commencing June 27, 2025"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
indirect financial
"total shares following transaction 1,145,830.0000, ownership_type: indirect, nature_of_ownership: By Thieneman Construction, Inc."
derivative exercise/conversion financial
"transaction_action: derivative exercise/conversion, transaction_code_description: Exercise or conversion of derivative security"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Kenneth Dale Thieneman report at Velo3D (VELO)?
Kenneth Dale Thieneman reported an equity award exercise at Velo3D, Inc. On March 27, 2026, 3,188 Restricted Stock Units converted into 3,188 shares of common stock, reflecting vesting of a prior grant rather than an open-market purchase or sale.
What are Kenneth Thieneman’s total direct and indirect Velo3D (VELO) holdings after the transaction?
After the reported transactions, Thieneman holds 9,564 Velo3D common shares directly. He also has 1,145,830 shares reported as indirectly owned through Thieneman Construction, Inc., reflecting a much larger indirect position alongside his direct ownership stake.
How do the Velo3D (VELO) Restricted Stock Units reported by Thieneman work?
Each Restricted Stock Unit represents a contingent right to receive one share of Velo3D common stock upon settlement for no cash consideration. The RSUs vest in scheduled quarterly installments, subject to Thieneman’s continued service with the company on each specified vesting date.
What is the vesting schedule for Thieneman’s Velo3D (VELO) RSU grant?
The RSU grant vests in quarterly installments. Twenty-five percent of the total grant vests on June 27, 2025, with additional portions vesting on September 27, 2025, December 27, 2025, March 27, 2026, and June 27, 2026, if Thieneman continues serving the company.
Does Thieneman’s Velo3D (VELO) Form 4 show any open-market buying or selling?
The filing shows derivative exercises and holdings, not open-market trades. The 3,188 shares came from conversion of Restricted Stock Units, which are equity awards that settle into common stock, rather than shares bought or sold on the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
