Jeldi Arun 4

4 · Velo3D, Inc. · Filed May 18, 2026

AI-generated summary of this filing

Updated May 18, 2026

Velo3D (VELO) 10% Owner Jeldi Arun Exercises Options, Vests RSUs

What Happened

Jeldi Arun (reported as a 10% owner) converted/ exercised derivative securities on May 15, 2026. He exercised options to acquire 3,145 shares at $19.84 per share (total cost $62,397) and, separately on the same date, 3,145 restricted stock units (RSUs) settled into shares for no cash consideration. These transactions increased his directly owned common stock to 15,728 shares (12,583 previously reported + 3,145 from the recent vesting).

Key Details

Transaction date: 2026-05-15 (reported on Form 4 filed 2026-05-18; filing appears timely).
Exercise (code M): acquired 3,145 shares at $19.84 each = $62,397.
RSU settlement (code M/derivative): 3,145 shares converted/settled at $0.00 (no cash paid).
Shares owned after transaction: 15,728 directly owned shares (per footnote correction).
Notable footnotes:
- F1: Prior reported share balance incorrectly included unvested RSUs; correct balance now 15,728.
- F2: Some holdings are held by Arrayed Notes Acquisition Corp., a subsidiary; the reporting person is CEO/President and sole equity holder of Arrayed Additive, Inc.
- F3: Each RSU converts to one share upon settlement for no consideration.
- F4: RSU vesting schedule: 25% on Feb 15, 2026; remaining 75% vest quarterly (Feb, May, Aug, Nov 15) — the filing corrects a prior reporting date error.
No sale reported — this was an acquisition/vesting event, not an open-market sale.

Context

The filing reflects a routine compensation/derivative conversion event: an option exercise (cash paid to acquire shares) and RSU settlement (shares issued without cash). Because no immediate sale is reported, these transactions are typically viewed as compensation realization rather than a sell signal. The reporting person is a 10% owner with additional disclosure about entity holdings (see F2).

Form 4

Period: 2026-05-15

DirectorCEO10% Owner

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-05-15$19.84/sh+3,145$62,397→ 15,728 total
Exercise/Conversion
Restricted Stock Units
[F3][F4]
2026-05-15−3,145→ 34,601 total
→ Common Stock (3,145 underlying)

Holdings

Footnotes (4)

[F1]The amount previously reported as directly owned shares incorrectly reflected unvested restricted stock units. The correct directly owned share balance following the current vesting transaction is 15,728 shares (12,583 + 3,145).
[F2]Held by Arrayed Notes Acquisition Corp. ("Arrayed"), a wholly owned subsidiary of Arrayed Additive, Inc. The Reporting Person is the Chief Executive Officer and President and sole equity holder of Arrayed Additive, Inc. and is the Chief Executive Officer of Arrayed.
[F3]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Company's common stock upon settlement for no consideration.
[F4]The RSUs shall vest 25% of the total grant on February 15, 2026, with the remaining 75% vesting in equal quarterly installments over the next three years on Feb 15, May 15, August 15, and November 15, subject to the Reporting Person's continued service to the Issuer on each vesting date. The reporting person's Form 4 filed on May 12, 2025 inadvertently erroneously reported that the initial vesting date for the RSUs was February 15, 2025.

Signature

/s/ Bernard Chung as attorney-in-fact for Arun Jeldi|2026-05-18

1 file