Company: VLDXW
Filing Date: 2025-08-07
Form Type: S-1
Source: 0001641172-25-022475
Chunk: 250

Company: Velo3D, Inc.
Filing Date: 2025-08-07
Form: S-1
Chunk 250
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978shares of its common stock for issuance under the 2021 ESPP. In March 2022, pursuant to the evergreen provisions of the 2021 ESPP, the Company registered an additional 3,491shares of common stock for issuance under the 2021 ESPP.

In March 2023, pursuant to the evergreen provisions of the 2021 ESPP, the Company registered an additional 3,573shares of common stock for issuance under the 2021 ESPP. In April 2024, pursuant to the evergreen provisions of the 2021 ESPP, the Company registered an additional 4,917shares of common stock for issuance under the 2021 ESPP.

As of December 31, 2024, the Company has an allocated reserve of 18,958shares of its common stock for issuance under the 2021 ESPP. As of December 31, 2024, the Company had not begun any offering periods for the 2021 ESPP.

Awards granted under the 2021 EIP generally expire 10 years from the date of grant, or earlier if services are terminated. The exercise price of stock options grants shall not be less than 110% of the estimated fair value of the shares on the date of grant, respectively, as determined by the Company’s Board of Directors. Awards generally vest based on continuous service over 4 years. Awards forfeited, cancelled, or repurchased generally are returned to the pool of shares of common stock available for issuance under the 2021 Plan.

| F-43 |

Velo3D, Inc.

Notes to Consolidated Financial Statements

Stock options

Activity under the Company’s stock option plans 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 
 (Years)          |     |
|:------------------------------------------------------------|:----|:---------------|---:|:--|:----|:-----------------|-------:|:----|:-----------------|----:|
| Outstanding as of December 31, 2022                         |     |                | 33 |   |     | $                | 283.50 |     |                  | 7.3 |
| Granted                                                     |     |                |  — |   |     | $                |      —