Company: VLDXW
Filing Date: 2025-08-20
Form Type: 424B4
Source: 0001641172-25-024892
Chunk: 256

Company: Velo3D, Inc.
Filing Date: 2025-08-20
Form: 424B4
Chunk 256
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 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 |

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

Notes to Consolidated Financial Statements</div>

Stock options

Activity under the Company’s stock option plans is set forth below:

<div align='center'>Schedule of Stock Option Plan Activity</div>

|                                                             |     | 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                                                     |     |                |  — |   |     | $                |      — |     |                  |     |
| Exercised                                                   |     |                | (4 | ) |     | $                | 136.50 |     |                  |     |
| Forfeited or expired                                        |     |                | (4 | ) |     | $                | 152.25 |     |                  |     |
| Outstanding as of December 31, 2023                         |     |                | 25 |   |     | $                | 320.25 |     |                  | 6.2 |
| Options vested and expected to vest as of December 31, 2023 |     |                | 25 |   |     | $                | 320.25 |     |                  |     |
| Vested and exercisable as of December