Company: VLDXW
Filing Date: 2025-08-07
Form Type: S-1
Source: 0001641172-25-022475
Chunk: 146

Company: Velo3D, Inc.
Filing Date: 2025-08-07
Form: S-1
Chunk 146
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 participating in (including on appeal), or preparing to defend, be a witness or participate in any completed, actual, pending or threatened action, suit, claim or proceeding, whether civil, criminal, administrative or investigative, or establishing or enforcing a right to indemnification under the indemnification agreement.

Non-Employee Director Compensation

The Board has adopted the following compensation program for our non-employee directors:

Our non-employee directors receive an annual cash retainer of $50,000, payable monthly, and an annual grant of restricted stock units (“RSUs”), with an aggregate grant-date value of $200,000 (the “Grant Date Value”). A non-employee director’s annual RSU award is granted on the date of each annual meeting of our stockholders and vests in equal quarterly installments, provided such director continues to serve as a director through each vesting date. In addition, new non-employee directors receive an initial RSU award after joining the Board, with a Grant Date Value that is prorated for the period from the grant date to the next annual meeting of stockholders, which vests on the first anniversary of the grant date, provided such director continues to serve as a director through the vesting date.

Members of our audit committee receive an additional annual cash retainer of $10,000, and the Chairman of our audit committee receives an additional cash retainer of $10,500 (in lieu of the annual retainer for membership on the audit committee). Members of our compensation committee receive an additional annual cash retainer of $6,000. Members of our nominating and governance committee receive an additional annual cash retainer of $5,000.

Director Compensation

The following table sets forth the compensation earned by or paid to our non-employee directors for services provided during the year ended December 31, 2024.

| Name      |     | Fees         
 Earned or    
 Paid in Cash |         |     | Stock   
 Awards  
 ($) (1) |        |     | Option 
 Awards 
 ($)    |   |     | Total 
 ($)   |         |
|:----------|:----|:-------------|--------:|:----|:--------|-------:|:----|:-------|--:|:----|:------|--------:|
| Carl      
 Bass      |     | $            |  38,667 |     | $       | 95,523 |     | $      | 0 |     | $     | 134,189 |
| Benny     
 Buller