Company: VLDXW
Filing Date: 2025-06-25
Form Type: DRS
Source: 0001641172-25-016496
Chunk: 298

Company: Velo3D, Inc.
Filing Date: 2025-06-25
Form: DRS
Chunk 298
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rued salaries and benefits included accruals related to the 401(k) plans the Company offers to its employees. In order to qualify for these plans, employees must meet the minimum age requirement (21 years) and begin participating on their entry date which is the first paycheck date in the month following the month of eligibility described above. Employee and employer contributions are immediately 100% fully vested. The plans offer employer contributions of 3.0% of an employee’s eligible compensation following safe-harbor rules. The Company’s contribution to the 401(k) Plan was $0.1 million and $0.3 million for the three months ended March 31, 2025 and 2024, respectively. The Company has paid all matching contributions as of March 31, 2025.

| F-77 |

<div align='center'>Confidential Treatment Requested by Velo3D, Inc.

Pursuant to 17 CFR 200.83</div>

Note 15. Revenue

Customer Concentration

The customer concentration for balances greater than 10% of revenues and 10% of accounts receivables, net, respectively, are presented below:

|            |     |                  Total 
                Revenue |      |   |     |      |      |   |     |        Accounts 
 Receivable, Net |      |   |     |          |      |   |
|            |     |                  Three 
 Months Ended March 31, |      |   |     |      |      |   |     |           March 
             31, |      |   |     | December 
      31, |      |   |
|            |     |                   2025 |      |   |     | 2024 |      |   |     |            2025 |      |   |     |     2024 |      |   |
|            |     |                    -as 
           a percentage |      |   |     |      |      |   |     |                 |      |   |     |          |      |   |
| Customer 1 |     |                        | 31.5 | % |     |      |    — | % |     |                 |  <10 | % |     |          |  <10 | % |
| Customer 2 |     |                        | 29.5 | % |     |      | 26.8 | % |     |                 |  <10 | % |     |          |