Form 4: Velo3D Director Ellen Smith Receives Stock as Retainer Fee
SEC Form 4 Filing
Director Ellen Smith acquired 23,810 shares of Velo3D stock as part of her director retainer fees.
Summary
- On May 31, 2024, Ellen Smith, a director of Velo3D, Inc., acquired 23,810 shares of common stock as part of her director retainer fees.
- The shares were acquired at a price of $0.15, which represents the average closing price of Velo3D's common stock over the 30-day period ending on May 31, 2024.
- Following the transaction, Ellen Smith beneficially owns 168,767 shares of Velo3D common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing reflects standard practice for compensating board members with company stock, aligning their interests with those of shareholders.
Stakeholder Impact
- The transaction increases the director's stake in the company, potentially aligning her interests more closely with those of other shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/31/2024 | Date of transaction: Ellen Smith acquired shares of Velo3D stock. |
| 06/04/2024 | Date of report filing. |
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