Velo3D (VELO) Director Adrian Keppler Converts RSUs to 1,960 Shares

What happened

• Adrian Keppler, a director of Velo3D, reported the conversion/settlement of restricted stock units (RSUs) into 1,960 shares on 2026-09-12. The filing shows an acquired position of 1,960 shares at $10.53 per share (total value ≈ $20,639) and a corresponding disposition of 1,960 derivative units at $0.00 (the RSUs were converted to common stock).

Key details

• Transaction date: 2026-09-12; Form 4 filed: 2026-09-15 (period of report 2026-09-12).
• Acquired: 1,960 shares @ $10.53 = $20,639. Disposed: 1,960 derivative units @ $0.00 (conversion).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes: F1 explains each RSU is a contingent right to one share and the Compensation Committee may settle in cash, shares, or a combination. F2 details vesting: 25% vested on Sept 12, 2026, with the remainder vesting quarterly through June 12, 2027.
• Filing does not show a late-report flag.

Context

• This was a conversion/settlement of RSUs (derivative-to-stock conversion), not an open-market purchase or sale. The "disposed" line at $0.00 simply reflects the RSU units being extinguished when converted into underlying shares.
• RSU vesting and conversion are routine compensation events and do not necessarily indicate an insider trading signal; the committee could have elected cash settlement per the plan terms, but the filing indicates share settlement in this instance.