Vass Sinclair 4
4 · Velodyne Lidar, Inc. · Filed Mar 11, 2022
Insider Transaction Report
Form 4
Vass Sinclair
Chief Commercial Officer
Transactions
- Sale
Common Stock
2022-03-10$2.06/sh−24,559$50,592→ 18,317 total - Exercise/Conversion
Common Stock
2022-03-09+37,906→ 42,876 total - Exercise/Conversion
Restricted Stock Unit
2022-03-09+37,906→ 113,719 total→ Common Stock (151,625 underlying)
Footnotes (3)
- [F1]The Reporting Person was granted Restricted Stock Units ("RSUs") which represent a contingent right to receive one (1) share of Common Stock for each RSU. The shares were issued pursuant to vested RSUs released on March 9, 2022.
- [F2]The sales reported on this Form 4 represent shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the previously reported vesting and settlement of RSUs. These sales are mandated by the Reporting Person's award agreement to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary trades by the Reporting Person.
- [F3]Represents a restricted stock unit award that vests in installments, with twenty-five percent (25%) of the shares vesting on March 1, 2022, and six-and-one-quarter percent (6.25%) of the shares vesting quarterly thereafter, subject to the Reporting Person's continuous service with the issuer.