secwatch.observer — SEC 8-K summary
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Issuer:     Velo3D, Inc. (VELO)
CIK:        0001825079
Form:       8-K
Filed at:   2026-07-01T20:04:52+00:00
Accession:  0001193125-26-292515
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Velo3D grants CEO performance-based option for 964,474 shares; enters CIC agreements with top executives
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- Option vests upon market cap milestones: 10% at $1B, 20% at $3B, 30% at $5B, 40% at $10B within 5 years.
- Exercise price $18.40, grant date June 29, 2026.
- CIC agreements with CEO, CFO, and CRO provide severance: lump sum of base salary + target bonus + pro-rata bonus, plus equity vesting and 12 months medical.
- Severance conditioned on release and subject to golden parachute reduction under Sections 280G/4999.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1825079/000119312526292515/0001193125-26-292515-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1825079/000119312526292515/velo-20260629.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-292515

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer