Mattes Andreas W 4
4 · Velodyne Lidar, Inc. · Filed Feb 13, 2023
Insider Transaction Report
Form 4
Mattes Andreas W
Director
Transactions
- Disposition to Issuer
Common Stock
2023-02-10−111,028→ 0 total
Footnotes (3)
- [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]At the effective time of the Merger (the "Effective Time"), each outstanding share of Velodyne common stock automatically converted to the right to receive 0.8204 of a share of Ouster common stock.
- [F3]Includes 111,028 restricted stock awards that were accelerated upon the closing of the merger pursuant to the Company's Outside Director Compensation Policy.