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 25 and 26, 2024, under a pre-arranged trading plan.

Summary

• Benyamin Buller, a director of Velo3D, Inc., sold 2,000 shares of common stock on March 25, 2024, at a weighted average price of $0.5326 per share.
• The shares were sold in multiple transactions with prices ranging from $0.5002 to $0.5522.
• Following this transaction, Buller directly owns 5,026,706 shares of Velo3D common stock.
• On March 26, 2024, Buller sold another 2,000 shares at a weighted average price of $0.5566 per share, with prices ranging from $0.5152 to $0.6067.
• After the second transaction, Buller directly owns 5,024,706 shares of Velo3D common stock.
• The sales were executed under a Rule 10b5-1 trading plan adopted on August 15, 2023.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock sales by a company director under a pre-arranged trading plan, indicating a neutral sentiment.

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 any specific non-public information.

Stakeholder Impact

• The stock sales could create short-term selling pressure on the stock.
• The sales by a director may be viewed negatively by some investors.

Key Dates