Lloyd Jason Michael 4

What Happened

• Lloyd Jason Michael, a director of Velo3D (ticker: VELO), acquired a total of 7,000 shares in two open-market purchases: 6,000 shares on 2025-09-04 at $3.74 each ($22,440) and 1,000 shares on 2025-11-03 at $4.95 each ($4,950), for aggregate proceeds of $27,390. These were purchases (transaction code P), which are generally viewed as more informative than routine sales.

Key Details

• Transaction dates and prices:
  • 2025-09-04: 6,000 shares at $3.74 ($22,440)
  • 2025-11-03: 1,000 shares at $4.95 ($4,950)
• Shares owned after the transactions: Not specified in the Form 4 filing.
• Footnotes:
  • F1: The securities from one transaction are held in an individual retirement account (IRA) for the benefit of the reporting person.
  • F2: The securities from the other transaction are held in a managed investment account for the benefit of the reporting person; the reporting person retains beneficial ownership.
• Filing timeliness: The Form 4 was filed on 2026-02-18. Since Form 4s are generally due within two business days of the transaction, this filing appears late relative to the transaction dates (Sept and Nov 2025).

Context

• Both transactions were open-market purchases (not option exercises, gifts, or awards) and involved relatively small dollar amounts ($27.4k total). The holdings are in an IRA and a managed account per the footnotes. Purchases by insiders can be informative, but this filing gives limited additional context (no post-transaction ownership reported and the form was filed months after the trades).