Company: VLDXW
Filing Date: 2025-08-07
Form Type: S-1
Source: 0001641172-25-022475
Chunk: 251

Company: Velo3D, Inc.
Filing Date: 2025-08-07
Form: S-1
Chunk 251
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31, 2024 and 2023 was $ 0.2million and $ 4.6million, respectively. The total grant date fair value of options vested was $ 0.1million and $ 0.7million for the years ended December 31, 2024 and 2023, respectively.

As of December 31, 2024, there is nounrecognized compensation cost related to options.

Restricted Stock Units

The 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.

| F-44 |

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 31, 2024 and 2023:

Schedule of Nonvested Restricted Stock Units Activity

|                                          |     | Number of Shares 
 (In thousands)   |     |   |     | Weighted-Average      
 Grant Date Fair Value 
 (Per Share Data)      |          |     | Aggregate Intrinsic Value 
 (In thousands)            |        |
|:-----------------------------------------|:----|:-----------------|----:|:--|:----|:----------------------|---------:|:----|:--------------------------|-------:|
| Balance as of December 31, 2022          |     |                  |  19 |   |     | $                     | 2,352.00 |     | $                         | 17,202 |
| Granted                                  |     |                  |  41 |   |     |                       |   807.90 |     |                           | 33,070 |
| Released                                 |     |                  | (11 | ) |     |                       | 1,689.75 |     |                           |  9,148 |
| Cancelled                                |     |                  | (11 | ) |     |                       | 1,852.80 |     |                           |  7,773 |
| Balance as of December 31, 2023          |     |                  |  38 |   |     | $                     | 1,020.00 |     | $                         |  7,940 |
| Expected to vest as of December 31, 2023 |     |                  |  38 |   |     | $                     | 1