Zarringhalam Hamid 4
4 · Velodyne Lidar, Inc. · Filed Feb 13, 2023
Insider Transaction Report
Form 4
Zarringhalam Hamid
Director
Transactions
- Disposition to Issuer
Common Stock
2023-02-10−147,377→ 0 total - Exercise/Conversion
Common Stock
2023-02-10+6,258→ 147,377 total - Exercise/Conversion
Restricted Stock Unit
2023-02-10−6,258→ 0 total→ Common Stock (6,258 underlying)
Footnotes (4)
- [F1]On February 10, 2023, the closing of the transactions contemplated by the Agreement and Plan of Merger, dated November 4, 2022 (as it may be amended from time to time), by and among Ouster, Inc. ("Ouster"), Oban Merger Sub, Inc., a wholly owned subsidiary of Ouster, Oban Merger Sub II LLC, a wholly owned subsidiary of Ouster, and Velodyne Lidar, Inc. ("Velodyne") occurred, pursuant to which Velodyne merged into a wholly owned subsidiary of Ouster (the "Merger").
- [F2]Pursuant to the Company's Outside Director Compensation Policy, each unvested RSU was accelerated upon the closing of the Merger.
- [F3]Includes a restricted stock award of 111,028 shares that was accelerated upon the closing of the Mergers pursuant to the Company's Outside Director Compensation Policy.
- [F4]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 RSU shall vest with respect to 1/3rd of the RSUs annually after March 15, 2021, provided the Reporting Person remains in continuous service on each vesting date.