Company: VLDXW
Filing Date: 2025-01-14
Form Type: 10-Q
Source: 0000950170-25-005443
Chunk: 26

Company: Velo3D, Inc.
Filing Date: 2025-01-14
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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Expected volatility:  The expected volatility was derived from the implied volatility of the Company’s publicly traded common stock.Risk-free interest rate: The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant for zero-coupon U.S. Treasury notes with maturities corresponding to the expected term of the Earnout Shares.Expected dividend yield: The expected dividend rate is zero as the Company currently has no history or expectation of declaring dividends on its common stock.

25

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 CompensationAs of September 30, 2024, the Company had a remaining allocated reserve of 595,704 shares of its common stock for issuance under its 2021 Equity Incentive Plan (the “2021 EIP”), which provides for the granting of stock options, restricted stock units (“RSUs”) and stock appreciation rights to employees, directors, and consultants of the Company.  As of September 30, 2024, the Company had an allocated reserve of 284,367 shares of its common stock for issuance under its 2021 Employee Stock Purchase Plan (“2021 ESPP”).  As of September 30, 2024, the Company had not begun any offering periods for the 2021 ESPP.Stock optionsActivity under the 2021 EIP is set forth below:  

        Options

        Weighted-AverageExercisePrice

        Weighted-AverageRemainingContractualTermin years

        (In thousands)

        (Per share data)

        (Years)

        Outstanding as of December 31, 2022

        485

        $
        18.90

        7.3

        Granted

        —

        $
        —

        Exercised

        (40
        )
         
        $
        10.50

        Forfeited or expired

        (12
        )
         
        $
        21.70

        Outstanding as of Sept 30, 2023

        433

        $
        19.60

        6.7

        Options vested and expected to vest as of Sept 30, 2023

        433

        $
        19