4//SEC Filing
Rekow Mathew 4
Accession 0001628280-22-029855
CIK 0001745317other
Filed
Nov 13, 7:00 PM ET
Accepted
Nov 14, 4:23 PM ET
Size
10.3 KB
Accession
0001628280-22-029855
Insider Transaction Report
Form 4
Rekow Mathew
Chief Technology Officer
Transactions
- Exercise/Conversion
Common Stock
2022-11-09+7,344→ 1,064,517 total - Sale
Common Stock
2022-11-10$0.85/sh−2,637$2,241→ 1,061,880 total - Exercise/Conversion
Restricted Stock Unit
2022-11-09−7,344→ 36,723 total→ Common Stock (44,067 underlying)
Footnotes (4)
- [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 November 9, 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 received Restricted Stock Units ("RSUs") in connection with the merger described in that certain Agreement and Plan of Merger, dated as of July 2, 2020 (the "Merger"), and amended on August 20, 2020, by and among Graf Industrial Corp., a Delaware corporation now known as Velodyne Lidar, Inc. ("New Velodyne"), VL Merger Sub Inc., a Delaware corporation, and Velodyne Lidar, Inc., a Delaware corporation now known as Velodyne Lidar USA, Inc., the Reporting Person received RSUs in New Velodyne in exchange for RSUs in Velodyne Lidar USA, Inc.
- [F4]The Restricted Stock Units (RSUs) were received in exchange for 40,000 RSUs in Velodyne Lidar USA, Inc. in connection with the Merger. Subject to the satisfaction of both a liquidity event requirement and service-based requirement, each RSU represents the right to receive one (1) share of Common Stock. The liquidity-event requirement was deemed satisfied by the Board of Directors of New Velodyne in October 2020 and the service-based requirement will be or, as applicable, was satisfied with respect to 25% of the RSUs when the Reporting Person remains or, as applicable, remained in continuous service through the one-year anniversary of January 27, 2020 and with respect to six-and-one-quarter percent (6.25%) of the RSUs when the Reporting Person completes or, as applicable, completed each three (3) months of continous service thereafter.
Documents
Issuer
Velodyne Lidar, Inc.
CIK 0001745317
Entity typeother
Related Parties
1- filerCIK 0001825551
Filing Metadata
- Form type
- 4
- Filed
- Nov 13, 7:00 PM ET
- Accepted
- Nov 14, 4:23 PM ET
- Size
- 10.3 KB