Krause Stefan 4

What Happened

• Stefan Krause, a director of Velo3D, converted/exercised derivative awards on March 27, 2026. The Form 4 shows 3,188 derivative units were removed (disposed) and 3,188 common shares were acquired, with a reported per-share amount of $10.00 for a total reported value of $31,880. The transaction is coded "M" (exercise or conversion of a derivative).

Key Details

• Transaction date: 2026-03-27; Form 4 filed: 2026-03-30 (appears timely).
• Reported acquisition: 3,188 shares at $10.00 each = $31,880.
• Reported disposal: 3,188 derivative units at $0.00 (these were the RSUs converted).
• Shares owned after the transaction: not disclosed in the provided excerpt of the filing.
• Footnotes: F1 — Each RSU is a contingent right to one share upon settlement for no consideration. F2 — The RSU grant vests quarterly (25% initially) with vesting dates including 3/27/2026; this conversion aligns with that vesting schedule.
• No sale or open-market purchase was reported; this appears to be settlement/vesting of awards rather than a market trade. No tax-withholding or net-share settlement details were disclosed in the excerpt.

Context

• Transaction code M indicates an exercise or conversion of a derivative — here, RSUs converted into common stock. Per the footnote, RSUs generally settle for no cash payment, so this is not an open-market buy signal; it represents fulfillment of a prior award as it vested. For most retail investors, vested awards being converted into shares is routine insider compensation activity and not necessarily a directional vote on the stock.