New Velo3D Board Member Receives $1M+ Stock Package as 3D Printing Firm Strengthens Governance

Rhea-AI Filing Summary

Velo3D Director Kenneth Dale Thieneman received a grant of 24,331 Restricted Stock Units (RSUs) on May 28, 2025, as reported in this Form 4 filing. The RSUs represent his initial equity award following his appointment to the Board of Directors.

Key details of the RSU grant:

• Each RSU converts to one share of Velo3D common stock upon settlement
• The RSUs vest in full on the first anniversary of the grant date (May 28, 2026)
• Vesting is contingent on Thieneman's continued service as a director
• The RSUs were granted at no cost ($0)

The transaction was reported through an attorney-in-fact, Roma Kumar, and filed on June 18, 2025. This grant aligns with typical board compensation practices, providing equity incentives to align director interests with shareholders.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Thieneman Kenneth Dale

(Last) (First) (Middle)

C/O VELO3D, INC.

2710 LAKEVIEW CT

(Street)

FREMONT CA 94538

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Velo3D, Inc. [ VLDX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
05/28/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	05/28/2025		A		24,331		(2)	(2)	Common Stock	24,331	$0	0	D

Explanation of Responses:

1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock upon settlement for no consideration.

2. Initial RSU award after joining the Board, which vests on the first anniversary of the grant date, provided such director continues to serve as a director through the vesting date.

	/s/ Roma Kumar as attorney-in-fact for Kenneth Dale Thieneman	06/18/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What stock compensation did VLD's new director Kenneth Thieneman receive in May 2025?

Kenneth Thieneman received 24,331 Restricted Stock Units (RSUs) on May 28, 2025, as his initial RSU award after joining VLD's Board of Directors. Each RSU represents a right to receive one share of VLD's Common Stock.

When do Kenneth Thieneman's VLD RSUs vest?

The RSUs will vest on the first anniversary of the grant date (May 28, 2026), provided that Thieneman continues to serve as a director through the vesting date.

What is the exercise price of VLD RSUs granted to Kenneth Thieneman?

The RSUs were granted at no cost ($0) and will be settled for no consideration, meaning Thieneman will receive the underlying common stock without having to pay an exercise price.

Who filed the Form 4 for VLD director Kenneth Thieneman?

The Form 4 was signed by Roma Kumar as attorney-in-fact for Kenneth Dale Thieneman on June 18, 2025.

What is Kenneth Thieneman's role at VLD?

Kenneth Dale Thieneman serves as a Director on VLD's Board. The filing confirms his position as a non-employee director, as indicated by the checkbox marked for 'Director' but not for 'Officer' or other positions.