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

Benyamin Buller, a director at Velo3D, sold 4,000 shares of common stock on March 7th and 8th, 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 7, 2024, at a weighted average price of $0.2986 per share.
• The shares were sold in multiple transactions with prices ranging from $0.2678 to $0.3219.
• Following the transaction on March 7, Buller beneficially owned 5,050,706 shares of Velo3D common stock.
• On March 8, 2024, Buller sold another 2,000 shares of common stock at a weighted average price of $0.3418 per share, with prices ranging from $0.313 to $0.3632.
• After the second transaction, Buller's beneficial ownership decreased to 5,048,706 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 filing reporting the sale of shares by a company director. It doesn't inherently convey positive or negative sentiment, but the market reaction will depend on the context and the size of the sale relative to the director's holdings.

Industry Context

Sales by company insiders are a common occurrence and are often pre-planned to avoid accusations of insider trading. The market typically views these sales in the context of the overall health and prospects of the company.

Stakeholder Impact

• Shareholders may react to the news of the director's stock sale, depending on the size and context of the transaction.
• The sale could have a minor impact on the stock price in the short term.

Key Dates