Company: VLDXW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0000950170-25-047760
Chunk: 91

Company: Velo3D, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 91
---
9.10

        Forfeited or expired

        (46
        )
         
        $
        10.15

        Outstanding as of December 31, 2023

        376

        $
        21.35

        6.2

        Options vested and expected to vest as of December 31, 2023

        376

        $
        21.35

        Vested and exercisable as of December 31, 2023

        350

        $
        21.70

        Outstanding as of December 31, 2023

        376

        $
        21.35

        6.2

        Granted

        —

        $
        —

        Exercised

        (51
        )
         
        $
        6.30

        Forfeited or expired

        (54
        )
         
        $
        16.15

        Outstanding as of December 31, 2024

        271

        $
        25.38

        5.0

        Options vested and expected to vest as of December 31, 2024

        271

        $
        25.38

        Vested and exercisable as of December 31, 2024

        270

        $
        25.34

       As of December 31, 2024, there is no aggregate intrinsic value of options outstanding. As of December 31, 2023, there was $2.3 million of aggregate intrinsic value of options outstanding . Intrinsic value of options exercised for the years ended December 31, 2024 and 2023 was $0.2 million and $4.6 million, respectively. The total grant date fair value of options vested was $0.1 million and $0.7 million for the years ended December 31, 2024 and 2023, respectively.As of December 31, 2024, there is no unrecognized compensation cost related to options.Restricted Stock UnitsThe fair value of RSUs under the Company’s 2021 EIP is estimated using the value of the Company’s common stock on the date of grant.  

 120

Velo3D, Inc.Notes to Consolidated Financial Statements 

The following table summarizes outstanding and expected to vest RSUs as of December 31, 2024 and 2023 and their activity during the year ended December