Form 4: Velo3D CFO Hull Xu Reports Routine Stock Transactions

Velo3D's CFO, Hull Xu, reported the vesting of Restricted Stock Units and subsequent share dispositions for tax purposes on November 15, 2025.

Summary

• Hull Xu, the Chief Financial Officer of Velo3D, Inc. (VELO), reported transactions on November 15, 2025, involving the company's common stock and Restricted Stock Units (RSUs).
• Acquired a total of 3,483 shares of Common Stock (119 shares and 3,364 shares) through the vesting of RSUs.
• Disposed of a total of 1,247 shares of Common Stock (43 shares and 1,204 shares) to satisfy tax withholding obligations related to the RSU vesting.
• The market price for both acquisitions and dispositions was $4.66 per share.
• Following these transactions, Hull Xu directly beneficially owns 7,178 shares of Common Stock.
• Hull Xu also directly beneficially owns 93,224 derivative Restricted Stock Units (48,294 and 44,930 units) that are yet to vest.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions related to RSU vesting and tax withholding, which are standard compensation events and do not indicate a significant positive or negative shift in company performance or insider sentiment.

Positives

• The CFO increased their direct equity stake in Velo3D by acquiring 3,483 shares of Common Stock through RSU vesting, aligning executive interests with shareholders.

Negatives

• A total of 1,247 shares of Common Stock were disposed of to cover tax liabilities, resulting in a reduction of direct beneficial ownership.

Future Outlook

Future vesting of remaining Restricted Stock Units is scheduled, with 25% of one tranche vesting after one year from April 2024, and the remainder quarterly over three years. Another tranche will vest 25% after one year from May 2025, with the remainder quarterly over three years, all contingent upon the reporting person's continued service.

Industry Context

This insider transaction report reflects routine executive compensation practices common across publicly traded companies, where equity awards like Restricted Stock Units are used to incentivize and retain key management personnel.

Stakeholder Impact

• Shareholders: Minimal direct impact as these are routine compensation-related transactions. It reflects the ongoing alignment of executive incentives with shareholder interests through equity ownership.
• Employees: No direct impact on the broader employee base is indicated by this filing.

Next Steps

• Continued vesting of remaining Restricted Stock Units according to the established schedules, contingent on the CFO's continued service.

Key Dates

Keywords

Velo3D, VELO, Hull Xu, CFO, Insider Transaction, Form 4, Restricted Stock Units, RSU Vesting, Equity Compensation, Stock Ownership