SCHEDULE: LMR Partners Adjusts Velo3D Stake Disclosure

LMR Partners LLP and affiliated entities have amended their Schedule 13G filing to correct beneficial ownership details for Velo3D Inc. common stock following reverse stock splits.

Summary

• LMR Partners LLP and several affiliated entities (collectively, the "LMR Investment Managers") have filed an amended Schedule 13G regarding their beneficial ownership of Velo3D Inc. common stock.
• The amendment corrects previous reporting errors related to the number of shares beneficially owned, which were impacted by two reverse stock splits: a 35-for-1 split in June 2024 and a 15-for-1 split in July 2025.
• As of March 31, 2026, the Reporting Persons collectively beneficially own 3,779 shares of Velo3D Inc. common stock, representing approximately 0.0% of the class.
• This ownership is derived from warrants held by LMR Multi-Strategy Master Fund Limited (1,889 shares issuable) and LMR CCSA Master Fund Ltd (1,890 shares issuable).
• The filing indicates that the Reporting Persons do not hold shares for the purpose of changing or influencing control of Velo3D Inc.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this filing as having a neutral to slightly negative sentiment due to the correction of a previous filing and the context of reverse stock splits, which can sometimes signal underlying financial challenges for the company.

Positives

• Correction of previous filing errors demonstrates a commitment to accurate disclosure.
• The LMR entities are acting as investment managers, suggesting a professional approach to their holdings.
• The filing explicitly states that shares were not acquired to influence or change control, which is a standard certification for passive investors.

Negatives

• The aggregate beneficial ownership is a negligible 0.0% of the class, indicating a very small stake.
• The significant number of reverse stock splits may indicate underlying issues with the company's share price performance prior to these adjustments.

Risks

• The filing does not explicitly mention any new risks, but the need for an amendment due to reverse stock splits could imply past share price volatility for Velo3D Inc.

Future Outlook

The filing does not contain forward-looking statements or guidance from Velo3D Inc. It is a disclosure of beneficial ownership by LMR Partners.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are typically made by institutional investors who acquire beneficial ownership of more than 5% of a class of a company's securities. Amendments are common to reflect changes in holdings or to correct previous disclosures. The context of reverse stock splits often suggests a company's efforts to increase its per-share trading price, which can be a response to exchange listing requirements or investor perception.

Stakeholder Impact

• Shareholders: The correction of the filing provides clarity on LMR Partners' stake, though the minimal percentage suggests limited immediate impact on share price or control dynamics.
• Creditors: No direct impact is indicated.
• Employees: No direct impact is indicated.
• Suppliers/Customers: No direct impact is indicated.

Next Steps

• LMR Partners will continue to manage its funds' investments in Velo3D Inc. according to their investment strategies.
• Velo3D Inc. will continue its operations, subject to market conditions and its own strategic initiatives.

Key Dates

Keywords

Velo3D Inc, Schedule 13G, LMR Partners, Beneficial Ownership, SEC Filing, Common Stock, Reverse Stock Split, Warrants, Investment Managers