Company: VLDXW
Filing Date: 2025-06-25
Form Type: DRS
Source: 0001641172-25-016496
Chunk: 296

Company: Velo3D, Inc.
Filing Date: 2025-06-25
Form: DRS
Chunk 296
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|:-------------|------:|:----|:-----|------:|
| Restricted stock 
 units            |     | $            | 3,591 |     | $    | 3,829 |
| Stock options    |     |              |     4 |     |      |    60 |
| Earnout          
 shares–employees |     |              |   479 |     |      | 1,198 |
|                  |     | $            | 4,074 |     | $    | 5,087 |

| F-76 |

<div align='center'>Confidential Treatment Requested by Velo3D, Inc.

Pursuant to 17 CFR 200.83</div>

The following sets forth the total stock-based compensation expense for the stock options, RSUs, and earnout shares - employees included in cost of revenue and operating expenses on the statements of operations:

|                          |     | Three        
 Months Ended 
 March 31,    
 2025         
 (In          
 thousands)   |       |     | 2024 |       |
|:-------------------------|:----|:-------------|------:|:----|:-----|------:|
| Cost of 3D Printer       |     | $            |   140 |     | $    |   389 |
| Cost of Support services |     |              |    68 |     |      |   195 |
| Research and development |     |              |   643 |     |      | 1,550 |
| Selling and marketing    |     |              |   240 |     |      | 1,054 |
| General                  
 and administrative       |     |              | 2,983 |     |      | 1,899 |
|                          |     | $            | 4,074 |     | $    | 5,087 |

Note 12. Income Taxes

The income tax provision is calculated for an interim period by distinguishing between elements recognized in the income tax provision through applying an estimated annual effective tax rate (the “ETR”) to a measure of year-to-date operating results referred to as “ordinary income (or loss),” and discretely recognizing specific events referred to as “discrete items” as they occur. The income tax provision or benefit for each interim period is the difference between the year-to-date amount for the current period and the year-to-date amount for the period prior. Under ASC 740-270-30-36,