Company: VLDXW
Filing Date: 2025-08-07
Form Type: S-1
Source: 0001641172-25-022475
Chunk: 297

Company: Velo3D, Inc.
Filing Date: 2025-08-07
Form: S-1
Chunk 297
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 |   |     | $          |            16.51 |     | $         |          6,400 |
| Expected to vest as of June 30, 2025 |     |           |            889 |   |     | $          |            16.51 |     | $         |          6,400 |

The aggregate intrinsic value of outstanding RSUs is calculated based on the closing price of the Company’s common stock as of the date outstanding. As of June 30, 2025, there was $ 13.9million of unrecognized compensation cost, which is expected to be recognized over a weighted average period of approximately 3.1 years. As of June 30, 2024, there was $ 24.6million of unrecognized compensation cost, which is expected to be recognized over a weighted average period of approximately 2.7years.

Earnout Shares– – Employees

The Earnout Shares issuable to holders of employee stock options are accounted as stock-based compensation expense as they are subject to forfeiture based on the satisfaction of certain employment conditions. The estimated fair values of the Earnout Shares associated with vested stock options are recognized as an expense and determined by the Monte Carlo simulation valuation model using a distribution of potential outcomes on a monthly basis over the five-year earnout period. The portion of the Earnout Shares associated with unvested stock options are recognized as an expense and considers the vesting continuing employment requirements.

Stock-based Compensation Expense

The following sets forth the total stock-based compensation expense by type of award included in operating expenses on the statements of operations:

Schedule of Stock-Based Compensation Expense

|                          |     | 2025               
 Three Months Ended 
 June 30,           
 2025               
 (In thousands)     |       |     | 2024 
 2024 |       |     | 2025             
 Six Months Ended 
 June 30,         
 2025             
 (In thousands)   |       |     | 2024 
 2024 |       |
|:-------------------------|:----|:-------------------|------:|:----|:-----|------:|:----|:-----------------|------:|:----|:-----|------:|
| Restricted stock units   |     | $                  | 1,834 |     | $    | 3,101 |     | $                | 5,425 |     | $    | 6,930 |
| Stock options            |     |                    |