Company: VLDXW
Filing Date: 2025-06-25
Form Type: DRS
Source: 0001641172-25-016496
Chunk: 294

Company: Velo3D, Inc.
Filing Date: 2025-06-25
Form: DRS
Chunk 294
---
 2025 and December 31, 2024, there is no aggregate intrinsic value of options outstanding.

As of March 31, 2025, total unrecognized compensation cost related to options was immaterial and is expected to be recognized over a weighted-average period of less than a year.

For the three months ended March 31, 2025, there were no options granted.

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-75 |

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

Pursuant to 17 CFR 200.83</div>

The following table summarizes outstanding and expected to vest RSUs as of March 31, 2025 and 2024 and their activity during the three months ended March 31, 2025 and 2024:

|                                       |     | Number     
 of Shares  
 (In        
 thousands) |      |   |     | Weighted-   
 Average     
 Grant Date  
 Fair Value  
 (Per        
 share data) |       |     | Aggregate  
 Intrinsic  
 Value      
 (In        
 thousands) |     |
|:--------------------------------------|:----|:-----------|-----:|:--|:----|:------------|------:|:----|:-----------|----:|
| Balance as of                         
 December 31, 2023                     |     |            |  573 |   |     | $           | 67.90 |     | $          | 228 |
| Granted                               |     |            |   32 |   |     |             | 12.25 |     |            |  11 |
| Released                              |     |            |  (48 | ) |     |             | 84.35 |     |            |  13 |
| Cancelled                             |     |            |  (36 | ) |     |             | 67.20 |     |            |  14 |
| Balance as of March 31, 2024          |     |            |  522 |   |     | $           | 63.00 |     | $          | 238 |
| Expected to vest as of March 31, 2024 |     |            |  522 |   |     | $           | 63.00 |     | $          | 238 |
| Balance as