Company: VLDXW
Filing Date: 2025-06-25
Form Type: DRS
Source: 0001641172-25-016496
Chunk: 250

Company: Velo3D, Inc.
Filing Date: 2025-06-25
Form: DRS
Chunk 250
---
                | 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 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 |

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

Pursuant to 17 CFR 200.83

Velo3D, Inc.

Notes to Consolidated Financial Statements</div>

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:

|                                          |     | 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          |     |            |  275 |   |     | $                     | 156.80 |     | $               | 17,202 |
| Granted                                  |     |            |  609 |   |     |                       |  53.86 |     |                 | 33,070 |
| Released                                 |     |            | (158 | ) |     |                       | 112.65 |     |                 |  9,148 |
| Cancelled                                |     |            | (156 | ) |     |