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

Director Benyamin Buller of Velo3D, Inc. sold 4,000 shares of common stock on March 11 and 12, 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 11, 2024, at a weighted average price of $0.3603 per share.
• The shares were sold in multiple transactions with prices ranging from $0.3467 to $0.3805.
• Following this transaction, Buller directly owns 5,046,706 shares of Velo3D common stock.
• On March 12, 2024, Buller sold another 2,000 shares at a weighted average price of $0.3371 per share, with prices ranging from $0.3266 to $0.35.
• After the second sale, Buller directly owns 5,044,706 shares.
• The sales were executed under a Rule 10b5-1 trading plan adopted on August 15, 2023.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports routine stock sales under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Sales by company insiders are a common occurrence, but investors often monitor these transactions for signals about management's confidence in the company's future prospects. Sales under a pre-arranged 10b5-1 plan are generally viewed as less informative than discretionary sales.

Stakeholder Impact

• The share sales could have a minor negative impact on shareholder sentiment, although the impact is likely to be limited due to the pre-arranged nature of the sales.

Key Dates