Jason Michael Lloyd, a director of Velo3D, Inc. (NASDAQ:VELO), filed a Form 4 on September 15, 2026, disclosing the vesting of restricted stock units and resulting changes in his beneficial ownership of common stock.

Key Highlights

  • RSU vesting: 1,960 restricted stock units vested on September 12, 2026, under a transaction coded "M," acquired at a derivative security price of $0.
  • Common stock acquired: 1,960 shares of common stock were acquired at a price of $10.53 per share via the RSU conversion.
  • Direct ownership following transaction: Lloyd directly holds 16,335 shares of common stock following the reported transaction.
  • Indirect ownership: 7,000 shares of common stock are held indirectly through an individual retirement account (IRA) for the benefit of the reporting person.
  • Remaining RSUs: 5,883 restricted stock units remain beneficially owned directly following the transaction.
  • Vesting schedule: The RSU grant vests 25% quarterly beginning September 12, 2026, with subsequent vesting dates of December 12, 2026, March 12, 2027, and June 12, 2027, subject to continued service.

Velo3D Director Lloyd Discloses RSU Conversion and Beneficial Ownership Details

According to the filing, Jason Michael Lloyd, identified as a director of Velo3D, Inc., reported a transaction dated September 12, 2026, in which 1,960 restricted stock units (RSUs) converted into common stock under transaction code "M." The RSUs were granted under the Company's 2021 Equity Incentive Plan. The filing notes that each RSU "represents a contingent right to receive one share of common stock of Velo3D, Inc." and that the Compensation Committee retains discretion to settle earned RSUs in cash, shares of common stock, or a combination of both.

Following the conversion, Lloyd directly holds 16,335 shares of Velo3D common stock, with an additional 7,000 shares held indirectly through an IRA for his benefit, as disclosed in the filing. The reported price associated with the common stock acquisition was $10.53 per share, while the derivative security price for the RSU conversion was listed as $0.

The filing further discloses that the full RSU grant vests in four equal quarterly installments of 25% each, commencing September 12, 2026, and continuing through June 12, 2027, contingent on Lloyd's continued service to the issuer on each vesting date. As of the reported transaction, 5,883 RSUs remain directly owned following the vested portion. The Form 4 was signed by Nancy Krystal as attorney-in-fact for Jason Michael Lloyd and filed on September 15, 2026.

What Was Disclosed

The filing reports the vesting of 1,960 RSUs into common stock for Velo3D director Jason Michael Lloyd on September 12, 2026, his resulting direct ownership of 16,335 common shares, indirect ownership of 7,000 shares via an IRA, and 5,883 RSUs remaining.