Company: VLDXW
Filing Date: 2025-06-25
Form Type: DRS
Source: 0001641172-25-016496
Chunk: 252

Company: Velo3D, Inc.
Filing Date: 2025-06-25
Form: DRS
Chunk 252
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 of revenue in the statements of operations:

|                        |     | December       
 31,            
 2024           
 (In thousands) |       |     | 2023 |       |
|:-----------------------|:----|:---------------|------:|:----|:-----|------:|
| Restricted stock units |     | $              | 1,644 |     | $    | 1,995 |
| Stock options          |     |                |     4 |     |      |    63 |
|                        |     | $              | 1,648 |     | $    | 2,058 |

The following sets forth the total stock-based compensation expense for the stock options, and RSUs included in cost of revenue on the statements of operations:

|                          |     | December       
 31,            
 2024           
 (In thousands) |       |     | 2023 |       |
|:-------------------------|:----|:---------------|------:|:----|:-----|------:|
| Cost of 3D Printer       |     | $              |   999 |     | $    | 1,622 |
| Cost of support services |     |                |   649 |     |      |   436 |
|                          |     | $              | 1,648 |     | $    | 2,058 |

| F-46 |

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

Pursuant to 17 CFR 200.83

Velo3D, Inc.

Notes to Consolidated Financial Statements</div>

Note 12. Income Taxes

The Company recorded the below income tax expense (benefit) attributable to income from continuing operations for the year ending December 31, 2024 and December 31, 2023 as follows:

|                    |     |           December 
                31, |     |   |     |      |   |
|                    |     |               2024 |     |   |     | 2023 |   |
|                    |     |     -In thousands, 
 except percentages |     |   |     |      |   |
| Current            |     |                    |     |   |     |      |   |
| Federal            |     |                  $ |  (7 | ) |     |    $ | - |
| State              |     |                    |  21 |   |     |      | - |