Keppler Adrian 4

What Happened

• Adrian Keppler, a director of Velo3D, received a grant of 7,843 restricted stock units (RSUs) reported as a derivative award (Transaction code A). The RSUs were granted at $0.00 per unit (no cash paid at grant). The Form 4 filing lists the award date as 2025-06-12 and was filed on 2026-06-16.

Key Details

• Transaction date reported: 2025-06-12; Filing date: 2026-06-16 (the filing date is more than a year after the reported grant date—this may indicate a late filing or a reporting-date discrepancy).
• Grant: 7,843 RSUs @ $0.00 (derivative award).
• Shares owned after transaction: Not specified in the filing.
• Footnotes of note:
  • Each RSU represents a contingent right to one share and may be settled in cash, shares, or a combination at the Compensation Committee’s discretion (F1).
  • Vesting schedule: 25% vests quarterly starting September 12, 2026, then Dec 12, 2026; Mar 12, 2027; Jun 12, 2027, subject to continued service (F2).
• Transaction type: Award/grant (not a purchase or sale); Transaction code = A.

Context

• RSUs are compensation awards that convert to shares upon vesting; they do not represent an immediate purchase or sale and therefore are not a direct buy/sell signal. Settlement may be in cash or stock per the committee’s discretion. The late/odd timing between the reported grant date and the filing date is a reporting detail investors may want to note but does not itself indicate insider trading intent.