McBeath Kathryn 4
4 · Velodyne Lidar, Inc. · Filed Jan 25, 2023
Insider Transaction Report
Form 4
McBeath Kathryn
Chief People Officer
Transactions
- Exercise/Conversion
Restricted Stock Unit
2023-01-23−2,423→ 4,847 total→ Common Stock (2,423 underlying) - Exercise/Conversion
Common Stock
2023-01-23+2,423→ 575,510 total - Sale
Common Stock
2023-01-24$1.00/sh−1,039$1,039→ 574,471 total
Footnotes (4)
- [F1]Includes 8,825 shares acquired under the VLDR 2020 Employee Stock Purchase Plan on January 23, 2023. This transaction is exempt pursuant to Rule 16b-3(c).
- [F2]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 8, 2021.
- [F3]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.
- [F4]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 over a two (2) year period in equal quarterly installments from July 18, 2021, subject to the Reporting Person remaining in continous service with the Issuer.