Form 4: Velo3D Director Benyamin Buller Sells Shares Under 10b5-1 Trading Plan

Director Benyamin Buller of Velo3D, Inc. sold a total of 4,000 shares of common stock on March 27 and 28, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Benyamin Buller, a director of Velo3D, Inc., sold 2,000 shares of common stock on March 27, 2024, at a weighted average price of $0.3497 per share.
• The shares were sold in multiple transactions with prices ranging from $0.3303 to $0.3885.
• Following this transaction, Buller directly owns 5,022,706 shares of Velo3D common stock.
• On March 28, 2024, Buller sold another 2,000 shares at a weighted average price of $0.4319 per share, with prices ranging from $0.3805 to $0.4592.
• After the second transaction, Buller directly owns 5,020,706 shares of Velo3D common stock.
• The sales were executed according to a Rule 10b5-1 trading plan adopted on August 15, 2023.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating insider trading activity. The sentiment is neutral as the sales were conducted under a pre-arranged trading plan.

Industry Context

Insider sales are a common occurrence, and the use of a 10b5-1 trading plan suggests the sales were pre-planned and not based on current inside information. However, investors often monitor insider transactions for signals about a company's prospects.

Stakeholder Impact

• Shareholders may react to the insider selling activity, although the pre-planned nature of the sales mitigates potential concerns.

Key Dates