Jeldi Arun 4
4 · Velo3D, Inc. · Filed Jun 30, 2026
Research Summary
AI-generated summary of this filing
Velo3D (VELO) 10% Owner Jeldi Arun Receives Option Award
What Happened
Jeldi Arun, a reported 10% owner of Velo3D, was granted an option to acquire 964,474 shares of common stock on June 29, 2026. The option was reported as an award/derivative (transaction code A) at a reported acquisition price of $0.00 — meaning no cash was paid for the grant itself and no shares were immediately acquired or sold.
Key Details
- Transaction date: 2026-06-29 (filed 2026-06-30; filing appears timely).
- Transaction type/code: Grant / Award (A); derivative equity award (option).
- Shares subject to option: 964,474; reported price: $0.00.
- Shares owned after transaction: not specified in this filing.
- Footnote summary: Vesting is performance‑based over up to five years — 10% vests when Velo3D reaches $1B market cap, +20% at $3B, +30% at $5B, and the final 40% at $10B; vesting for each tranche also requires Arun to remain in service through the milestone.
- No indication of exercise, sale, tax withholding, or a 10b5-1 plan in this filing.
Context
This is a performance‑conditioned option grant, not an immediate purchase or sale. Arun will only be able to acquire shares under the option if the specified market‑cap milestones are met (and he remains in service) within five years. Because no shares were exercised or sold, the filing does not reflect a change in outstanding shares held by Arun at this time.
Insider Transaction Report
- Award
Stock Option (right to buy)
[F1]2026-06-29+964,474→ 964,474 totalExercise: $18.40Exp: 2036-06-29→ Common stock (964,474 underlying)
Footnotes (1)
- [F1]On June 29, 2026, Arun Jeldi was granted an option to purchase 964,474 shares of common stock ("Shares") of Velo3D, Inc. (the "Company"). The option will vest based on the achievement of the following milestones within five years following the grant date: (i) the option will vest with respect to 10% of the Shares subject thereto when the "market capitalization" (as defined in the award agreement) reaches $1 billion; (ii) the option will vest with respect to an additional 20% of the Shares subject thereto when the market capitalization reaches $3 billion; (iii) the option will vest with respect to an additional 30% of the Shares subject thereto when the market capitalization reaches $5 billion; and (iv) the option will vest with respect to the final 40% of the Shares subject thereto when the market capitalization reaches $10 billion, provided in each case that Mr. Jeldi remains in service with the Company through the achievement of the applicable milestone.