Company: VLDXW
Filing Date: 2025-06-25
Form Type: DRS
Source: 0001641172-25-016496
Chunk: 293

Company: Velo3D, Inc.
Filing Date: 2025-06-25
Form: DRS
Chunk 293
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 (years)   |     |   |      1.50 |   |     |   |     1.75 |   |

Expected volatility: The expected volatility was derived from the implied volatility of the Company’s publicly traded common stock.

Risk-free interest rate: The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant for zero-coupon U.S. Treasury notes with maturities corresponding to the expected term of the Earnout Shares.

Expected dividend yield: The expected dividend rate is zero as the Company currently has no history or expectation of declaring dividends on its common stock.

Expected term: The expected term represents the period that the Company’s stock-based awards are expected to be outstanding and is determined using the simplified method, which deems the term to be the average of the time to vesting and the contractual life of the Earnout Shares.

Note 11. Equity Incentive Plans and Stock-Based Compensation

As of March 31, 2025, the Company had a remaining allocated reserve of 43,957 shares of its common stock for issuance under its 2021 Equity Incentive Plan (the “2021 EIP”), which provides for the granting of stock options, restricted stock units (“RSUs”) and stock appreciation rights to employees, directors, and consultants of the Company. As of March 31, 2025, the Company had an allocated reserve of 284,367 shares of its common stock for issuance under its 2021 Employee Stock Purchase Plan (“2021 ESPP”). As of March 31, 2025, the Company had not begun any offering periods for the 2021 ESPP.

| F-74 |

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

Pursuant to 17 CFR 200.83</div>

Stock options

Activity under the 2021 EIP is set forth below:

|                                             |     | Options    
 (In        
 thousands) |     |   |     | Weighted-   
 Average     
 Exercise    
 Price       
 (Per        
 share data) |       |     | Weighted-   
 Average     
 Remaining   
 Contractual 
 Term        
 in years    
 (Years)     |     |
|:--------------------------------------------|:----|:-----------|----:|:--|:----|:------------|------:|:----|:------------|----:|
| Outstanding as                              
 of December 31, 2023                        |     |            |