Company: VLDXW
Filing Date: 2025-08-07
Form Type: S-1
Source: 0001641172-25-022475
Chunk: 143

Company: Velo3D, Inc.
Filing Date: 2025-08-07
Form: S-1
Chunk 143
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3) | The                                                                                            
 amounts reported in this column represent our matching contributions made on behalf of our     
 named executive officers under our 401(k) plan and cell phone allowances.                      |
| (4) | Mr.                                                                                            
 Jeldi was appointed Chief Executive Officer on December 24, 2024.                              |
| (5) | Mr.                                                                                            
 Kreger was our Interim Chief Executive Officer from December 18, 2023 to June 17, 2024 when    
 he was appointed Chief Executive Officer. He was appointed Chief Operating Officer on December 
 24, 2024. Effective May 19, 2025, Mr. Kreger separated from the Company and resigned as a      
 member of the Board.                                                                           |
| (6) | Mr.                                                                                            
 Xu was appointed Chief Financial Officer as of April 22, 2024.                                 |
| (7) | Mr.                                                                                            
 Chung resigned as our Acting Chief Financial Officer on April 24, 2024.                        |

Equity Compensation

We grant annual equity awards to our named executive officers, which are generally subject to vesting based on each named executive officer’s continued service. Each of our named executive officers currently holds outstanding options and RSUs that were granted under the 2021 Plan, as set forth in the table below titled “2024 Outstanding Equity Awards at Fiscal Year-End.” The outstanding options generally vest over a three- or four-year period, with 25% of each award vesting on the first anniversary of the grant date and the remaining 75% vesting either 1/36 or 1/48 each month thereafter. The outstanding RSUs generally vest over a four-year period, with 25% of each award vesting on the first anniversary of the grant date and the remaining 75% vesting 1/12 quarterly thereafter.

In addition, during 2024, our compensation committee approved a number of equity-based incentive programs for 2024, including a quarterly performance-based bonus program, a program for quarterly performance-based merit and promotion grants in lieu of broad-based salary increases, and an equity-based retention program. RSUs granted pursuant to these programs have different vesting schedules, which are reflected in the table below titled “2024 Outstanding Equity Awards at Fiscal Year-End.”

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Timing of Stock Option Grants

We do not have any formal policy that requires us to grant, or avoid granting, equity-based compensation to our executive officers at certain times. The timing of