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

Director Benyamin Buller of Velo3D, Inc. executed sales of common stock on March 5th and 6th, 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 5, 2024, at a weighted average price of $0.2594.
• These shares were sold in multiple transactions with prices ranging from $0.2547 to $0.2653 per share.
• Following this transaction, Buller directly owns 5,054,706 shares of Velo3D common stock.
• On March 6, 2024, Buller sold another 2,000 shares at a weighted average price of $0.2573, with prices ranging from $0.2533 to $0.2604 per share.
• After the second sale, Buller directly owns 5,052,706 shares of Velo3D common stock.
• The sales were executed pursuant to a Rule 10b5-1 trading plan adopted on August 15, 2023.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to insider stock sales under a pre-arranged trading plan, indicating a neutral sentiment.

Industry Context

Insider sales are a common occurrence and are often viewed in the context of overall company performance and insider sentiment. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on immediate market conditions.

Stakeholder Impact

• The stock sales could have a minor impact on shareholder sentiment, but the pre-planned nature of the sales mitigates potential concerns.

Key Dates