Velo3D CEO awarded 964,474 performance stock options
Velo3D, Inc. disclosed that CEO Arun Jeldi received a grant of stock options covering 964,474 shares of common stock at an exercise price of $18.40 per share.
Rhea-AI Filing Summary
Velo3D, Inc. disclosed that CEO Arun Jeldi received a grant of stock options covering 964,474 shares of common stock at an exercise price of $18.40 per share. The options vest over up to five years only if Velo3D’s market capitalization reaches ambitious milestones of $1 billion, $3 billion, $5 billion, and $10 billion, with 10%, 20%, 30%, and 40% of the option shares vesting at each level, respectively, while he remains in service. Following this grant, Jeldi holds options on 964,474 shares directly.
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Insider Trade Summary
Grant/Award: 964,474 shares
Grant/Award
1 txn
Insider
Jeldi Arun
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 964,474 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (right to buy) — 964,474 contracts (Direct)
Footnotes (1)
- F1. On June 29, 2026, Arun Jeldi was granted an option to purchase 964,474 shares of common stock ("Shares") of Velo3D, Inc. (the "Company"). The option will vest based on the achievement of the following milestones within five years following the grant date: (i) the option will vest with respect to 10% of the Shares subject thereto when the "market capitalization" (as defined in the award agreement) reaches $1 billion; (ii) the option will vest with respect to an additional 20% of the Shares subject thereto when the market capitalization reaches $3 billion; (iii) the option will vest with respect to an additional 30% of the Shares subject thereto when the market capitalization reaches $5 billion; and (iv) the option will vest with respect to the final 40% of the Shares subject thereto when the market capitalization reaches $10 billion, provided in each case that Mr. Jeldi remains in service with the Company through the achievement of the applicable milestone.
Key Figures
Option grant size: 964,474 shares
Exercise price: $18.40 per share
Market cap vesting milestone 1: $1 billion
+5 more
8 metrics
Option grant size
964,474 shares
Stock option covering Velo3D common stock
Exercise price
$18.40 per share
Stock option exercise price for CEO grant
Market cap vesting milestone 1
$1 billion
10% of option shares vest at this level
Market cap vesting milestone 2
$3 billion
Additional 20% of option shares vest
Market cap vesting milestone 3
$5 billion
Additional 30% of option shares vest
Market cap vesting milestone 4
$10 billion
Final 40% of option shares vest
Option expiration date
June 29, 2036
Expiration for unexercised stock options
Shares underlying options held after grant
964,474 shares
Total underlying common shares following transaction
Key Terms
Stock Option, market capitalization, grant date, vest, +1 more
5 terms
Stock Option financial
"Arun Jeldi was granted an option to purchase 964,474 shares of common stock"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
market capitalization financial
"when the "market capitalization" reaches $1 billion; ... $3 billion; ... $5 billion; ... $10 billion"
Market capitalization is the total market value of a company’s outstanding shares, calculated by multiplying the current share price by the number of shares issued. It gives a quick snapshot of a company’s size and how investors value it, influencing perceived risk, index membership, and roughly how much it might cost to buy the whole company — like using a sticker price to compare the relative size and price of different houses.
grant date financial
"within five years following the grant date"
The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.
vest financial
"The option will vest based on the achievement of the following milestones"
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.
exercise price financial
"conversion or exercise price of 18.4000"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Velo3D (VELO) CEO Arun Jeldi receive in this Form 4 filing?
Arun Jeldi received a stock option grant for 964,474 shares of Velo3D common stock. The options have a $18.40 exercise price and are intended as performance-based compensation tied to future market capitalization milestones and continued service with the company.
What are the vesting conditions for Arun Jeldi’s Velo3D stock options?
The options vest only if Velo3D hits specified market capitalization targets within five years. Tranches of 10%, 20%, 30% and 40% of the 964,474 shares vest at $1B, $3B, $5B and $10B market capitalization milestones, assuming Jeldi remains in service.
What is the exercise price of the Velo3D options granted to CEO Arun Jeldi?
The options granted to Arun Jeldi carry an exercise price of $18.40 per share. This means he can buy up to 964,474 Velo3D common shares at $18.40 if the vesting market capitalization milestones are achieved while he continues serving the company.
Over what time frame can Velo3D’s CEO earn these option grants?
The vesting milestones must be met within five years following the June 29, 2026 grant date. Market capitalization must reach $1B, $3B, $5B and $10B within that five-year window for each respective portion of the 964,474-share option to vest.
When do Arun Jeldi’s Velo3D options expire if unexercised?
The granted stock options expire on June 29, 2036 if not exercised. Any portion that fails to vest because Velo3D does not reach the market capitalization milestones within five years, or if service ends earlier, would not become exercisable before that expiration date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
