Company: VLDXW
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001641172-25-022448
Chunk: 45

Company: Velo3D, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 45
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 value of options outstanding.

As
of June 30, 2025, total unrecognized compensation cost related to options was immaterial and is
expected to be recognized over a weighted-average period of less than a year.

For
the six months ended June 30, 2025, there were no options granted. 

Restricted
Stock Units

The
fair value of RSUs under the Company’s 2021 EIP is estimated using the value of the Company’s common stock on the date of
grant.

    24

The
following table summarizes outstanding and expected to vest RSUs as of June 30, 2025 and 2024 and their activity during the six months
ended June 30, 2025 and 2024:

Schedule of Nonvested Restricted Stock Units Activity 

    Number of Shares  
    Weighted- Average Grant Date Fair Value  
    Aggregate Intrinsic Value 

     (In thousands)  
     (Per share data)  
     (In thousands) 
  
    Balance as of December 31, 2023 
     38  
    $1,020.00  
    $7,940 
  
    Granted 
     9  
     124.50  
     — 
  
    Released 
     (5) 
     1,223.10  
     — 
  
    Cancelled 
     (5) 
     1,003.20  
     — 
  
    Balance as of June 30, 2024 
     37  
    $766.95  
    $1,812 
  
    Expected to vest as of June 30, 2024 
     37  
    $766.95  
    $1,812 

    Balance as of December 31, 2024 
     13  
    $714.30  
    $132 
  
    Granted 
     1,070  
     11.05  
     — 
  
    Released 
     (104) 
     28.07  
     — 
  
    Cancelled 
     (90) 
     30.91  
     — 
  
    Balance as of June 30, 2025 
     889  
    $16.51  
    $6,400 
  
    Expected to vest as of June 30,