4//SEC Filing
Jellen Joseph Michael 4
Accession 0001104659-21-080380
CIK 0001745317other
Filed
Jun 10, 8:00 PM ET
Accepted
Jun 11, 8:52 PM ET
Size
12.6 KB
Accession
0001104659-21-080380
Insider Transaction Report
Form 4
Jellen Joseph Michael
Chief Commercial Officer
Transactions
- Exercise/Conversion
Common Stock
2021-06-09+8,514→ 1,380,836 total - Exercise/Conversion
Restricted Stock Unit
2021-06-09−4,590→ 36,723 total→ Common Stock (4,590 underlying) - Exercise/Conversion
Restricted Stock Unit
2021-06-09−3,924→ 58,866 total→ Common Stock (3,924 underlying) - Sale
Common Stock
2021-06-10$11.38/sh−4,284$48,769→ 1,376,552 total
Footnotes (4)
- [F1]The Reporting Person was granted restricted stock units ("RSUs") which represent a contingent right to receive one share of Common Stock for each RSU. The shares were issued pursuant to vested RSUs released on June 9, 2021.
- [F2]The sales reported on this Form 4 represent shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the previously reported vesting and settlement of RSUs. These sales are mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary trades by the Reporting Person.
- [F3]The Reporting Person received RSUs in connection with that certain Agreement and Plan of Merger, dated as of July 2, 2020, and amended on August 20, 2020, by and among Graf Industrial Corp., a Delaware corporation now known as Velodyne Lidar, Inc. Subject to the satisfaction of both a liquidity event requirement and service-based requirement, each RSU represents the right to receive one share of common stock. The liquidity-event requirement was deemed satisfied by the Board of Directors in October 2020 and the service-based requirement will be or, as applicable, was satisfied with respect to 25% of the RSUs when the Reporting Person remains or, as applicable, remained in continuous service through the one-year anniversary of February 22, 2019 and with respect to 6.25% of the RSUs when the Reporting Person completes or, as applicable, completed each three (3) months of continuous service thereafter.
- [F4]The Reporting Person was granted RSUs which represent a contingent right to receive one share of Common Stock for each RSU. The RSU shall vest with respect to 6.25% of the RSUs on each company quarterly vesting dates after February 28, 2021, provided the Reporting Person remains in continuous service on each vesting date. Quarterly vesting dates are February 28, May 28, August 28 and November 28
Documents
Issuer
Velodyne Lidar, Inc.
CIK 0001745317
Entity typeother
Related Parties
1- filerCIK 0001825601
Filing Metadata
- Form type
- 4
- Filed
- Jun 10, 8:00 PM ET
- Accepted
- Jun 11, 8:52 PM ET
- Size
- 12.6 KB