Barnhart James 4
4 · Velodyne Lidar, Inc. · Filed Aug 12, 2022
Insider Transaction Report
Form 4
Barnhart James
Chief Operating Officer
Transactions
- Sale
Common Stock
2022-08-11$1.73/sh−818$1,411→ 1,119,332 total - Exercise/Conversion
Common Stock
2022-08-10+2,423→ 1,120,150 total - Exercise/Conversion
Restricted Stock Unit
2022-08-10−2,423→ 9,693 total→ Common Stock (12,116 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 August 10, 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 RSUs which represent a right to receive one (1) 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 the Reporting Person's continuous service with the Issuer.