Velo3D Director Granted 24,331 RSUs Following Board Appointment
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.
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 24,331 | $0.00 | $0.00 |
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. 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.
FAQ
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