McBeath Kathryn 4
4 · Velodyne Lidar, Inc. · Filed Jan 3, 2023
Insider Transaction Report
Form 4
McBeath Kathryn
Chief People Officer
Transactions
- Exercise/Conversion
Common Stock
2022-12-29+3,750→ 565,651 total - Exercise/Conversion
Restricted Stock Unit
2022-12-29−3,750→ 26,250 total→ Common Stock (3,750 underlying) - Sale
Common Stock
2022-12-29$0.75/sh−1,389$1,042→ 564,262 total
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 December 29, 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 (1) share of Common Stock for each RSU. The RSU shall vest with respect to 25% of the RSUs when the Reporting Person remains in continuous service through the one-year anniversary of October 30, 2020 and with respect to 6.25% of the RSUs when the Reporting Person completes each three (3) months of continuous service thereafter.