Thieneman Kenneth Dale 4

What Happened Kenneth Dale Thieneman, a director of Velo3D (VELO), executed derivative transactions on 2026-05-28 that resulted in the acquisition of 1,623 shares. The filing shows an acquisition via exercise/conversion at $25.80 per share, totaling $41,873. The same filing also reports the disposition/settlement of 1,623 derivative units at $0.00, consistent with RSU settlement described in the footnotes (board RSUs that vested and converted to common stock).

Key Details

• Transaction date: 2026-05-28; Form 4 filed: 2026-05-29 (timely).
• Acquisition: 1,623 shares at $25.80 each — total cash paid $41,873.
• Disposition (derivative): 1,623 units reported at $0.00 — per footnote this reflects RSU settlement.
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 — each RSU represents a right to one share upon settlement for no consideration; F2 — the RSU award was an initial board award that vested after one year of service.
• No 10b5-1 plan or late filing indicated.

Context

• This filing records an insider exercising/converting derivative awards (code M). For retail investors: exercising options or settling RSUs results in the insider receiving common shares, and does not by itself indicate a sale or market view.
• The $0.00 derivative disposition matches routine RSU vesting/settlement practices for board compensation rather than an open-market sale.