Velo3D Director Stefan Krause Converts 1,960 RSUs to Shares

What Happened

• Stefan Krause, a director of Velo3D, reported the conversion/exercise of a derivative on September 12, 2026 that resulted in the acquisition of 1,960 shares of common stock. The filing shows an acquisition price/value of $10.53 per share, totaling $20,639. The filing also records the corresponding disposition/termination of 1,960 derivative units (RSUs) at $0, which represents the conversion of the RSU award into underlying shares rather than a sale of stock.

Key Details

• Transaction date: 2026-09-12 (filed on Form 4: 2026-09-15)
• Reported transaction code: M (exercise or conversion of a derivative)
• Shares acquired: 1,960 at $10.53 each — total reported value $20,639
• Derivative disposed: 1,960 RSUs at $0 (represents conversion/termination of the RSUs)
• Shares owned after the transaction: Not specified in the Form 4
• Relevant footnotes:
  • F1: The units were restricted stock units (RSUs) under the 2021 Equity Incentive Plan; the committee may settle earned RSUs in cash, shares, or a combination.
  • F2: These RSUs vest quarterly (25% each) beginning Sept 12, 2026, then Dec 12, 2026, Mar 12, 2027 and Jun 12, 2027, subject to continued service.

Context

• This appears to be a routine equity award vesting/conversion (RSUs converting into shares), not an open-market purchase or a sale. The filing shows no immediate sale of the shares — the derivative was converted into stock.
• Transaction code M simply denotes the exercise/conversion of a derivative instrument; the paired $0 disposition line is typical when RSUs/derivatives are terminated upon settlement.
• For retail investors: such conversions are common as part of compensation programs and do not, by themselves, signal a buy or sell decision beyond accepting vested compensation.