Form 4: Velo3D Director Carl Bass Acquires Shares as Part of Retainer Fees

Director Carl Bass acquired 2,491 shares of Velo3D common stock as part of director retainer fees.

Summary

• On June 30, 2024, Carl Bass, a director of Velo3D, Inc., acquired 2,491 shares of common stock.
• The acquisition was part of director retainer fees paid in stock.
• The price was calculated using the average closing price of the Issuer's common stock over the 30-day period ending on and including June 30, 2024, which was $3.34.
• Following the transaction, Bass directly owns 13,642 shares of Velo3D.
• The filing reflects the 1-for-35 reverse stock split effected by the Issuer on June 13, 2024.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a routine transaction related to director compensation. There are no indications of significant positive or negative implications.

Positives

• Director's stock ownership aligns interests with shareholders.

Industry Context

This filing is a routine disclosure of a director's stock transaction, which is common in publicly traded companies. It reflects part of the director's compensation.

Related Party Transactions

• The stock acquisition is a related party transaction as it involves compensation to a director of the company.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine part of director compensation.

Key Dates