Vass Sinclair 4
4 · Velodyne Lidar, Inc. · Filed May 13, 2022
Insider Transaction Report
Form 4
Vass Sinclair
Chief Commercial Officer
Transactions
- Exercise/Conversion
Common Stock
2022-05-11+2,423→ 727,202 total - Sale
Common Stock
2022-05-12$1.46/sh−873$1,275→ 726,329 total - Exercise/Conversion
Restricted Stock Unit
2022-05-11+2,423→ 12,116 total→ Common Stock (14,539 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 May 11, 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]The Reporting Person was granted Restricted Stock Units ("RSUs") which represent a contingent right to receive one share of Common Stock for each RSU. The RSUs shall vest over a two-year period in equal quarterly installments from July 18, 2021, subject to continued service with the Issuer.