Keppler Adrian 4

What Happened

• Adrian Keppler, a director of Velo3D, had 3,188 derivative instruments convert/settle into 3,188 shares on March 27, 2026. The Form 4 reports an acquisition at $10.00 per share (total $31,880). The filing also shows a corresponding disposition of 3,188 derivative units at $0.00, reflecting conversion/settlement of the derivative instruments (transaction code M = exercise or conversion of derivative).

Key Details

• Transaction date: 2026-03-27
• Reported acquisition: 3,188 shares at $10.00/share — $31,880 total
• Corresponding derivative disposition: 3,188 units at $0.00 (conversion/settlement)
• Footnotes: F1 states each Restricted Stock Unit (RSU) represents a contingent right to receive one share upon settlement for no consideration; F2 gives the RSU vesting schedule (25% quarterly beginning 6/27/2025, with remaining vesting dates including 3/27/2026)
• Shares owned after the transaction: not provided in the excerpt supplied
• Timeliness: Form filed 2026-03-30 for a 2026-03-27 transaction — filing appears timely (not marked late)

Context

• This appears to be a vesting/settlement event (RSUs converting to common shares) rather than an open-market purchase or sale. No immediate market sale is reported in the filing; the entry showing a $0 disposition reflects conversion of the derivative units. Retail investors should treat this as a routine insider equity settlement tied to compensation vesting, not a directional buy or sell signal.