Velo3D filings document the company’s metal additive manufacturing business, public-company governance, and capital structure. Its disclosures include operating results, earnings materials, proxy statements for shareholder voting, executive compensation arrangements, equity incentive awards, and officer appointments tied to finance and accounting leadership.
Material-event filings describe financing and balance-sheet actions, including convertible promissory notes, amendments to senior secured convertible debt, common-stock issuance matters, and sale-leaseback arrangements involving Sapphire and Sapphire XC metal 3D printers and related equipment. The filing record also covers material agreements, related-party arrangements, registration and offering disclosures, risk-related capital-structure matters, and annual meeting governance items.
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.
Velo3D director Stefan Krause exercised previously granted Restricted Stock Units, converting them into 3,188 shares of Common Stock. The Form 4 shows an exercise price of $10.00 per share for the common stock entry, and that Krause now directly holds 10,222 Common Stock shares after the transactions. Footnotes explain that each RSU represents a right to receive one share for no cash consideration and that the award vests in quarterly installments through June 27, 2026, conditioned on his continued service.
Velo3D, Inc. director Adrian Keppler reported a compensation-related equity transaction. He exercised Restricted Stock Units (RSUs) to acquire 3,188 shares of Common Stock, increasing his direct holdings to 10,060 shares after the transaction.
Each RSU represents a right to receive one share of Common Stock for no cash consideration. The RSU grant vests in 25% quarterly installments starting on June 27, 2025, with additional vesting on September 27, 2025, December 27, 2025, March 27, 2026, and June 27, 2026, subject to his continued service.
Velo3D, Inc. reported full-year 2025 revenue of $46.0 million, up from $41.0 million in 2024, but remained unprofitable with a 2025 GAAP net loss of $71.4 million and a gross margin of (16.1)%, driven in part by a roughly $7.0 million obsolete inventory write-down in the fourth quarter. Cash and cash equivalents increased to $39.0 million as of December 31, 2025, helped by a $30 million private placement and an aggregated $15 million debt-to-equity conversion that reduced debt by about 60%.
The company highlighted strong defense and aerospace momentum, including a $32.6 million Project FORGE contract with the Department of War and a multi‑year $11.5 million Rapid Production Solutions contract from a U.S. defense prime contractor, and is planning a long‑term capacity build-out envisioning up to approximately 400 production systems over the next decade. For 2026, Velo3D guides to revenue of $60–$70 million, sequential gross margin improvement to above 30% in the second half, non‑GAAP adjusted operating expenses of $45–$55 million, capital expenditures of $40–$50 million, and expects to achieve positive EBITDA in the second half of 2026, supported by additional planned capital raises. The board also appointed James Suva as Chief Financial Officer and principal financial and accounting officer, effective April 6, 2026, replacing Acting CFO Bernard Chung, who will continue as Corporate Controller.
Velo3D, Inc. (VELO) received an updated Schedule 13D/A from investor group led by Arun Jeldi, disclosing beneficial ownership of 12,750,523 shares of common stock, or 48.6% of the company, based on 26,216,822 shares outstanding on March 4, 2026.
The filing shows 12,737,940 shares held by Arrayed Notes Acquisition Corp., a wholly owned subsidiary of Arrayed Additive, Inc., and 12,583 shares held directly by Mr. Jeldi. Control is concentrated because Mr. Jeldi is the sole equityholder of Arrayed Additive and Chief Executive Officer of both Arrayed Additive and Arrayed Notes Acquisition Corp.
The amendment details a March 4, 2026 transfer of a Senior Secured Convertible Promissory Note with $5,000,000 principal to Arrayed Notes Acquisition Corp. and its immediate conversion, with accrued interest, into 394,517 Velo3D shares. It also notes Mr. Jeldi’s 50,329 restricted stock unit award, with 12,583 RSUs vested on February 15, 2026 and the remaining 37,746 RSUs vesting quarterly over three years, subject to continued service.
The filing states that the holder may sell up to 3,098,438 registered “Resale Shares” under a Form S-3 registration statement and may seek charter changes to permit stockholder action by written consent and director removal with or without cause, reflecting potential future governance initiatives.
Velo3D updated the terms of two senior secured convertible notes totaling $15,000,000 that were originally issued in January and February 2025 to entities controlled by director Kenneth Thieneman. Both notes had previously been amended to extend maturity to February 14, 2027, reduce interest to 12% per year and set conversion prices of $16.38 and $10.50 per share.
Before a new amendment on March 4, 2026, the $5,000,000 January 2025 note was transferred to Arrayed Notes Acquisition Corp., a company controlled by Chief Executive Officer Arun Jeldi. The latest amendments give each holder the option to convert outstanding principal and accrued, unpaid interest into Velo3D common stock.
Velo3D, Inc. insider reporting shows an entity associated with CEO Arun Jeldi converting a large debt investment into equity. Arrayed Notes Acquisition Corp., a wholly owned subsidiary structure tied to him, held a 12.0% Senior Secured Convertible Promissory Note with a principal amount of $5,000,000.
On March 4, 2026, Arrayed delivered a Notice of Conversion to Velo3D to convert $5,000,000 of principal, together with accrued and unpaid interest, into 394,517 shares of common stock. After this derivative conversion, indirect holdings reported for common stock were 12,737,940 shares, with an additional 37,746 shares held directly.
Velo3D, Inc. director Kenneth Dale Thieneman reported that an entity associated with him, Thieneman Construction, Inc., converted a 12.0% Senior Secured Convertible Promissory Note into common stock. The February 10, 2025 note had $10,000,000 principal and was converted on March 4, 2026.
According to the filing, Thieneman Construction delivered a notice of conversion for $10,000,000 of principal plus accrued and unpaid interest into 1,145,830 shares of common stock, at a stated conversion price of $10.5000 per share. Following the transaction, 1,145,830 shares are reported as owned indirectly through Thieneman Construction, and 6,376 shares are held directly by Mr. Thieneman.
Velo3D, Inc. director Kenneth Dale Thieneman reported an indirect acquisition of a 12.0% Senior Secured Convertible Promissory Note with a principal amount of $10,000,000, held by Thieneman Construction, Inc.
The note is dated February 10, 2025. Effective as of August 19, 2025, upon the listing of Velo3D common stock on the Nasdaq Capital Market, he had the right, at his option, to convert all or any portion of the outstanding principal into common shares at a conversion price of $10.50 per share.
Velo3D, Inc. updated the compensation package for its Chief Executive Officer, Arun Jeldi. Effective January 1, 2026, he will receive an annual base salary of $650,000 and is eligible for an annual incentive bonus of up to 100% of base salary, determined by the Compensation Committee based on performance objectives.
Mr. Jeldi will also be entitled to an annual stock option grant equal to 2–3% of Velo3D’s total common stock outstanding at the time of each grant. These options will vest in stages tied to enterprise valuation milestones: 10% at $1 billion, 20% at $3 billion, 30% at $5 billion, and 40% at $10 billion. The Compensation Committee approved this structure on February 13, 2026.