Form 4: Velo3D CFO Hull Xu Reports Stock Transactions

Velo3D's CFO, Hull Xu, reported the acquisition of common stock through RSU vesting and subsequent tax-related dispositions.

Summary

• Hull Xu, Chief Financial Officer of Velo3D, Inc. (VELO), reported transactions involving the company's common stock and Restricted Stock Units (RSUs) on December 31, 2025.
• Xu acquired 10,000 shares of common stock at a price of $14.57 per share, which is attributed to the vesting and settlement of RSUs.
• Concurrently, 3,578 shares of common stock were disposed of at $14.57 per share to cover tax withholding obligations related to the RSU vesting.
• Following these transactions, Xu directly beneficially owns 13,600 shares of common stock.
• Additionally, 10,000 Restricted Stock Units (RSUs) were acquired and immediately vested, and then 10,000 RSUs were disposed of (converted to common stock), resulting in 44,930 RSUs beneficially owned after the reported transactions.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions related to executive compensation (RSU vesting and tax withholding). It does not indicate any significant positive or negative operational or financial news for the company.

Positives

• CFO Hull Xu's direct beneficial ownership of common stock increased by a net of 6,422 shares (10,000 acquired 3,578 disposed for tax), indicating continued alignment with shareholder interests.
• The vesting of Restricted Stock Units signifies the fulfillment of compensation incentives for a key executive.

Negatives

• A portion of the shares (3,578 shares) were disposed of, reducing the total number of shares held by the insider, although this was for tax purposes related to RSU vesting.

Future Outlook

This filing does not contain any forward-looking statements or guidance.

Industry Context

Insider transactions, particularly those related to RSU vesting and tax withholding, are common occurrences across all industries for publicly traded companies. They reflect standard executive compensation practices rather than specific industry trends.

Comparison to Industry Standards

• The reported transactions are standard for executive compensation involving Restricted Stock Units (RSUs) in publicly traded companies.
• It is common practice for a portion of vested shares to be withheld or sold to cover tax liabilities upon vesting, aligning with typical compensation structures seen in technology and manufacturing companies, such as those in the additive manufacturing sector where Velo3D operates.
• No specific comparable companies, projects, or results are mentioned in the filing to allow for a direct comparison.

Related Party Transactions

• This filing reports compensation-related transactions for a key executive, which are a form of related-party dealing but are routine and disclosed as part of executive compensation rather than a specific new related-party transaction.

Stakeholder Impact

• Shareholders: Minor impact. The net increase in insider ownership (after tax sales) can be seen as a slight positive for alignment of interests.
• Employees, Customers, Suppliers, Creditors: No direct impact from this specific filing.

Key Dates

Keywords

Velo3D, VELO, Form 4, insider transaction, Hull Xu, CFO, Restricted Stock Units, RSU vesting, stock compensation, beneficial ownership