Company: VLDXW
Filing Date: 2025-08-07
Form Type: S-1
Source: 0001641172-25-022475
Chunk: 295

Company: Velo3D, Inc.
Filing Date: 2025-08-07
Form: S-1
Chunk 295
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 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 June 30, 2025, the Company had a remaining allocated reserve of 0 sharesof its common stock for issuance under its 2021 EIP, which provides for the granting of stock options, RSUs and stock appreciation rights to employees, directors, and consultants of the Company. As of June 30, 2025, the Company had an allocated reserve of 148,897 sharesof its common stock for issuance under its 2021 Employee Stock Purchase Plan (“2021 ESPP”). As of June 30, 2025, the Company had not begun any offering periods for the 2021 ESPP.

Stock options

Activity under the 2021 EIP is set forth below:

Schedule of Stock Option Plan Activity

|                                                         |     | Options | (In thousands) |   |     | Weighted- 
 Average   
 Exercise  
 Price     | (Per share data) |     | Weighted-     
 Average       
 Remaining     
 Contractual   
 Term in years | (Years) |
|:--------------------------------------------------------|:----|:--------|---------------:|:--|:----|:----------|-----------------:|:----|:--------------|--------:|
| Outstanding as of December 31, 2023                     |     |         |             25 |   |     | $         |           320.25 |     |               |     6.2 |
| Granted                                                 |     |         |              — |   |     | $         |                — |     |               |         |
| Exercised                                               |     |         |             (3 | ) |     | $         |            94.50 |     |               |         |
| Forfeited or expired                                    |     |         |             (1 | ) |     | $         |           426.45 |     |               |         |
| Outstanding as of June 30, 2024                         |     |         |             21 |   |     | $         |           352.95 |     |               |     5.9 |
| Options vested