A Form 4 filed on September 15, 2026 reports that Adrian Keppler, a director of Velo3D, Inc. (NASDAQ:VELO), acquired 1,960 shares of common stock through the vesting of restricted stock units on September 12, 2026.

Key Highlights

  • Reporting person: Adrian Keppler, identified as a Director of Velo3D, Inc.
  • Transaction date: September 12, 2026, with the form filed September 15, 2026.
  • Shares acquired: 1,960 shares of common stock via transaction code M (conversion of derivative security), at a price of $10.53.
  • Beneficial ownership after transaction: 15,208 shares of common stock held directly.
  • Derivative securities: 1,960 restricted stock units (RSUs) were converted, leaving 5,883 RSUs remaining, held directly.
  • RSU vesting schedule: 25% of the total RSU grant vests quarterly, beginning September 12, 2026, with subsequent vesting on December 12, 2026, March 12, 2027, and June 12, 2027.

Keppler RSU Conversion and Remaining Velo3D Share Position

According to the filing, Adrian Keppler, a director at Velo3D, Inc., converted 1,960 restricted stock units into 1,960 shares of common stock on September 12, 2026. The transaction is coded M, indicating the exercise or conversion of a derivative security. The price associated with the acquisition is listed as $10.53 per share. Following this transaction, Keppler directly holds 15,208 shares of Velo3D common stock, according to the filing.

The filing discloses that each RSU represents a contingent right to receive one share of Velo3D common stock, granted under the company's 2021 Equity Incentive Plan. The filing further notes that the Compensation Committee of the Board of Directors, "in its sole discretion, may settle earned RSUs in cash, shares of common stock of the Company, or a combination of both." The derivative security is priced at $0 in the filing.

The RSU vesting schedule, as described in the filing's explanation of responses, calls for 25% of the total grant to vest quarterly, commencing September 12, 2026, with the remainder vesting on December 12, 2026, March 12, 2027, and June 12, 2027, subject to Keppler's continued service to Velo3D on each vesting date. Following the reported conversion, 5,883 RSUs remain outstanding and are held directly by Keppler, according to the filing. The form was signed by Nancy Krystal as attorney-in-fact for Adrian Keppler.

What Was Disclosed

The filing reports that Velo3D director Adrian Keppler converted 1,960 RSUs into common stock on September 12, 2026, at $10.53 per share, bringing his direct common stock holdings to 15,208 shares, with 5,883 RSUs remaining.