Velo3D (NASDAQ: VELO) director converts 3,188 RSUs, holds 16,564 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Velo3D, Inc. director Lloyd Jason Michael exercised restricted stock units into common shares as part of his equity compensation. On March 27, 2026, he exercised 3,188 Restricted Stock Units, receiving 3,188 shares of Common Stock. Following the transactions, he held 9,564 common shares directly and 7,000 common shares indirectly in an individual retirement account, reflecting both his direct ownership and retirement-related holdings.
Positive
- None.
Negative
- None.
Insights
Director exercised 3,188 RSUs into shares, a routine compensation event.
Director Lloyd Jason Michael exercised 3,188 Restricted Stock Units on March 27, 2026, converting them into the same number of Common Stock shares. The transaction is coded "M" for derivative exercise, indicating equity compensation rather than an open‑market purchase or sale.
After these transactions, he held 9,564 Common Stock shares directly and 7,000 shares indirectly through an individual retirement account. A footnote clarifies the IRA holds securities for his benefit, and another footnote corrects a prior grant amount due to a clerical error.
Insider Trade Summary
3,188 shares exercised/converted
Mixed
3 txns
Insider
Lloyd Jason Michael
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,188 | $0.00 | -- |
| Exercise | Common Stock | 3,188 | $10.00 | $32K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 11,187 shares (Direct);
Common Stock — 9,564 shares (Direct);
Common Stock — 7,000 shares (Indirect, See footnote)
Footnotes (1)
- Reflects an adjustment to a previously reported amount granted on 11/03/2025 from 13,376 to 7,000 due to a clerical error. The reported securities are held in an individual retirement account ("IRA") for the benefit of the reporting person. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock upon settlement for no consideration. The RSUs shall vest as to 25% of the total grant quarterly, commencing June 27, 2025, with the remainder of grant vesting on each subsequent September 27, 2025, December 27, 2025, March 27, 2026, and June 27, 2026, subject to the Reporting Person's continued service to the Issuer on each vesting date.
Key Figures
RSUs exercised: 3,188 units
Common shares from exercise: 3,188 shares
Direct holdings after transaction: 9,564 shares
+3 more
6 metrics
RSUs exercised
3,188 units
Restricted Stock Units exercised on March 27, 2026
Common shares from exercise
3,188 shares
Common Stock received upon RSU conversion
Direct holdings after transaction
9,564 shares
Common Stock directly owned after March 27, 2026
Indirect IRA holdings
7,000 shares
Common Stock held in an IRA for the reporting person
Corrected prior grant
Reduced from 13,376 to 7,000
Adjustment to November 3, 2025 reported grant due to clerical error
Reported exercise price entry
$10.00 per share
Price field for 3,188 Common Stock shares in non-derivative line
Key Terms
Restricted Stock Unit, individual retirement account ("IRA"), clerical error, vest
4 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
individual retirement account ("IRA") financial
"The reported securities are held in an individual retirement account ("IRA") for the benefit"
clerical error financial
"from 13,376 to 7,000 due to a clerical error."
vest financial
"The RSUs shall vest as to 25% of the total grant quarterly, commencing June 27, 2025"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What did Velo3D (VELO) director Lloyd Jason Michael do in this Form 4?
Lloyd Jason Michael exercised 3,188 Restricted Stock Units into 3,188 shares of Velo3D Common Stock. The transaction is recorded as a derivative exercise, reflecting vesting of equity compensation rather than an open-market trade, and updates his direct and indirect share ownership totals.
What is the size of the RSU exercise reported for Velo3D (VELO)?
The filing reports exercise of 3,188 Restricted Stock Units, each convertible into one Velo3D Common Stock share for no consideration. A related entry shows 3,188 Common Stock shares at a reported price of $10.00, together describing the derivative exercise and resulting share issuance on March 27, 2026.
What correction does the Velo3D (VELO) Form 4 make regarding prior grants?
One footnote explains an adjustment to a previously reported grant dated November 3, 2025, reducing the reported amount from 13,376 to 7,000 shares. The correction is attributed to a clerical error, aligning the current reported indirect holdings with the accurate grant size.
How are Lloyd Jason Michael’s indirect Velo3D (VELO) holdings structured?
The Form 4 states his indirect Velo3D Common Stock holdings are in an individual retirement account for his benefit. After the correction noted in the footnote, this account holds 7,000 shares, clarifying the nature and amount of his retirement-related ownership in the company.