Form 4: Velo3D Director Ellen Smith Receives Stock as Retainer Fee
SEC Form 4
Director Ellen Smith received 1,667 shares of Velo3D common stock as a retainer fee.
Summary
- On July 31, 2024, Ellen Smith, a director of Velo3D, Inc., acquired 1,667 shares of common stock as part of her director retainer fees.
- The shares were acquired at a price of $2.61 per share, based on the average closing price of Velo3D's common stock over the 30-day period ending on July 31, 2024.
- Following the transaction, Ellen Smith directly owns 13,987 shares of Velo3D common stock.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to director compensation, indicating a neutral sentiment.
Industry Context
This transaction reflects standard compensation practices for board members, where stock grants are used as part of their retainer fees. This aligns the director's interests with those of the shareholders.
Stakeholder Impact
- The transaction increases the director's stake in the company, aligning her interests with those of other shareholders.
Key Dates
| Date | Description |
|---|---|
| 07/31/2024 | Date of transaction: Ellen Smith acquired 1,667 shares of Velo3D common stock. |
| 08/07/2024 | Date of filing: Form 4 filing date. |
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