Company: VLDXW
Filing Date: 2025-08-20
Form Type: 424B4
Source: 0001641172-25-024892
Chunk: 261

Company: Velo3D, Inc.
Filing Date: 2025-08-20
Form: 424B4
Chunk 261
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 contingencies, except for the operating leases. See Note 8, Leases, for further discussion.

| F-49 |

<div align='center'>Velo3D, Inc.

Notes to Consolidated Financial Statements</div>

Note 14. Employee Defined - Contribution Plans

Employee Defined-Contribution Plans

The Company has a defined-contribution plan intended to qualify under Section 401 of the Internal Revenue Code (the “ 401(k) Plan”). The Company contracted with a third-party provider to act as a custodian and trustee, and to process and maintain the records of participant data. Substantially all of the expenses incurred for administering the 401(k) Plan are paid by the Company. Accrued salaries and benefits included accruals related to the 401(k) plans the Company offers to its employees. In order to qualify for these plans, employees must meet the minimum age requirement (21 years) and begin participating on their entry date which is the first paycheck date in the month following the month of eligibility described above. Employee and employer contributions are immediately 100% fully vested. The plans offer employer contributions of 3.0% of an employee’s eligible compensation following safe-harbor rules. The Company’s contribution to the 401(k) plan was $1.0 million and $1.3 million for the years ended December 31, 2024 and 2023, respectively. The Company has paid all matching contributions as of December 31, 2024.

Note 15. Revenue

Customer Concentration

The customer concentration for balances greater than 10% of revenues and 10% of accounts receivables, net, respectively, are presented below:

Schedule of Concentration of Risk

|            |     | Total              
 Revenue            
 Year               
 ended December 31, 
 2024               |      |   |     | 2023 |      |     | Accounts        
 Receivable, Net 
 December        
 31,             
 2024            |      |   |     | 2023 |      |   |
|:-----------|:----|:-------------------|-----:|:--|:----|:-----|:-----|:----|:----------------|-----:|:--|:----|:-----|-----:|:--|
|            |     | -as                
 a percentage       |      |   |     |      |      |     |                 |      |   |     |      |      |   |
| Customer   
 1