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

Director Benyamin Buller sold 4,000 shares of Velo3D, Inc. over two days in March 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 21, 2024, at a weighted average price of $0.5222 per share.
• The shares were sold in multiple transactions with prices ranging from $0.4597 to $0.560 per share.
• Following this transaction, Buller directly owns 5,030,706 shares of Velo3D, Inc.
• On March 22, 2024, Buller sold another 2,000 shares at a weighted average price of $0.5291 per share, with prices ranging from $0.5008 to $0.5439 per share.
• After the second sale, Buller directly owns 5,028,706 shares.
• The sales were executed under 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 selling. The use of a 10b5-1 plan mitigates negative sentiment, as it suggests pre-planned sales. Overall, the sentiment is neutral.

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 sale of shares by a director could be perceived negatively by some shareholders, potentially leading to a slight decrease in investor confidence.
• However, the existence of a 10b5-1 trading plan may reassure investors that the sales were pre-planned and not based on insider information.

Key Dates