VELO

On June 29, 2026, Arun Jeldi was granted an option to purchase 964,474 shares of common stock ("Shares") of Velo3D, Inc. (the "Company"). The option will vest based on the achievement of the following milestones within five years following the grant date: (i) the option will vest with respect to 10% of the Shares subject thereto when the "market capitalization" (as defined in the award agreement) reaches $1 billion; (ii) the option will vest with respect to an additional 20% of the Shares subject thereto when the market capitalization reaches $3 billion; (iii) the option will vest with respect to an additional 30% of the Shares subject thereto when the market capitalization reaches $5 billion; and (iv) the option will vest with respect to the final 40% of the Shares subject thereto when the market capitalization reaches $10 billion, provided in each case that Mr. Jeldi remains in service with the Company through the achievement of the applicable milestone.

Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of Velo3D, Inc. (the "Company"), granted under the Company's 2021 Equity Incentive Plan. The Compensation Committee (the "Committee") of the Board of Directors of the Company, in its sole discretion, may settle earned RSUs in cash, shares of common stock of the Company, or a combination of both.

The RSUs shall vest as to 25% of the total grant quarterly, commencing June 27, 2025, with the grant vesting September 27, 2025, December 27, 2025, March 27, 2026, and June 27, 2026 subject to the Reporting Person's continued service to the Issuer on each vesting date.

Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of Velo3D, Inc. (the "Company"), granted under the Company's 2021 Equity Incentive Plan. The Compensation Committee (the "Committee") of the Board of Directors of the Company, in its sole discretion, may settle earned RSUs in cash, shares of common stock of the Company, or a combination of both.

The RSUs shall vest as to 25% of the total grant quarterly, commencing June 27, 2025, with the grant vesting on September 27, 2025, December 27, 2025, March 27, 2026, and June 27, 2026, subject to the Reporting Person's continued service to the Issuer on each vesting

Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of Velo3D, Inc. (the "Company"), granted under the Company's 2021 Equity Incentive Plan. The Compensation Committee (the "Committee") of the Board of Directors of the Company, in its sole discretion, may settle earned RSUs in cash, shares of common stock of the Company, or a combination of both.

The RSUs shall vest as to 25% of the total grant quarterly, commencing June 27, 2025, with the grant vesting on each subsequent quarter September 27, 2025, December 27, 2025, March 27, 2026, and June 27, 2026 subject to the Reporting Person's continued service to the Issuer on each vesting date.

Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of Velo3D, Inc. (the "Company"), granted under the Company's 2021 Equity Incentive Plan. The Compensation Committee (the "Committee") of the Board of Directors of the Company, in its sole discretion, may settle earned RSUs in cash, shares of common stock of the Company, or a combination of both.

The RSUs shall vest as to 25% of the total grant quarterly, commencing September 12, 2026, with the remainder of grant vesting on each subsequent quarter, December 12, 2026, March 12, 2027 and June 12, 2027, subject to the Reporting Person's continued service to the Issuer on each vesting date.

Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of Velo3D, Inc. (the "Company"), granted under the Company's 2021 Equity Incentive Plan. The Compensation Committee (the "Committee") of the Board of Directors of the Company, in its sole discretion, may settle earned RSUs in cash, shares of common stock of the Company, or a combination of both.

Initial RSU award after joining the Board, which vests on the first anniversary of the grant date, provided such director continues to serve as a director through the vesting date.

Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of Velo3D, Inc. (the "Company"), granted under the Company's 2021 Equity Incentive Plan. The Compensation Committee (the "Committee") of the Board of Directors of the Company, in its sole discretion, may settle earned RSUs in cash, shares of common stock of the Company, or a combination of both.

The RSUs shall vest as to 25% of the total grant quarterly, commencing September 12, 2026, with the remainder of grant vesting on each subsequent quarter, December 12, 2026, March 12, 2027 and June 12, 2027, subject to the Reporting Person's continued service to the Issuer on each vesting date.

Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock upon settlement for no consideration.

Initial RSU award granted upon joining the Board, which vested on the first anniversary of the grant date, following the director's continued service on the Board through the vesting date.

Reflects an adjustment to a previously reported amount on 03/27/2026 from 11,187 to 4,811 due to a clerical error.

Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock upon settlement for no consideration.

Initial RSU award granted upon joining the Board, which vested on the first anniversary of the grant date, following the director's continued service on the Board through the vesting date.

Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Company's common stock upon settlement for no consideration.

The RSUs shall vest 25% of the total grant on February 15, 2026, with the remaining 75% vesting in equal quarterly installments over the next three years on Feb 15, May 15, August 15, and November 15, subject to the Reporting Person's continued service to the Issuer on each vesting date. The reporting person's Form 4 filed on May 12, 2025 inadvertently erroneously reported that the initial vesting date for the RSUs was February 15, 2025.

The amount previously reported as directly owned shares incorrectly reflected unvested restricted stock units. The correct directly owned share balance following the current vesting transaction is 15,728 shares (12,583 + 3,145).

Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of Velo3D, Inc. (the "Company"), granted under the Company's 2021 Equity Incentive Plan. The Compensation Committee (the "Committee") of the Board of Directors of the Company, in its sole discretion, may settle earned RSUs in cash, shares of common stock of the Company, or a combination of both.

The RSUs vest as follows: 25% of the RSUs will vest on May 15, 2027, and 1/16th of the RSUs will vest on each Quarterly Vest Date (as defined below) thereafter. "Quarterly Vest Date" means each of February 15, May 15, August 15 and November 15. Payment of earned RSUs will be made as soon as practicable after the date(s) determined by the Committee and set forth in the RSU award agreement.

Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock upon settlement for no consideration.

The RSUs shall vest as to 25% of the total grant quarterly, commencing June 27, 2025, with the remainder of grant vesting on each subsequent September 27, 2025, December 27, 2025, March 27, 2026, and June 27, 2026, subject to the Reporting Person's continued service to the Issuer on each vesting date.

Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock upon settlement for no consideration.

The RSUs shall vest as to 25% of the total grant quarterly, commencing June 27, 2025, with the remainder of grant vesting on each subsequent September 27, 2025, December 27, 2025, March 27, 2026, and June 27, 2026, subject to the Reporting Person's continued service to the Issuer on each vesting date.

Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock upon settlement for no consideration.

The RSUs shall vest as to 25% of the total grant quarterly, commencing June 27, 2025, with the remainder of grant vesting on each subsequent September 27, 2025, December 27, 2025, March 27, 2026, and June 27, 2026, subject to the Reporting Person's continued service to the Issuer on each vesting date.

Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock upon settlement for no consideration.

The RSUs shall vest as to 25% of the total grant quarterly, commencing June 27, 2025, with the remainder of grant vesting on each subsequent September 27, 2025, December 27, 2025, March 27, 2026, and June 27, 2026, subject to the Reporting Person's continued service to the Issuer on each vesting date.

Held by Arrayed Notes Acquisition Corp. ("Arrayed"), a wholly owned subsidiary of Arrayed Additive, Inc. The Reporting Person is the Chief Executive Officer and President and sole equity holder of Arrayed Additive, Inc. and is the Chief Executive Officer of Arrayed.

Consists of a Senior Secured Convertible Promissory Note dated February 10, 2025 (the "February Note") in the principal amount of $10,000,000, held by Thieneman Construction, Inc., an Indiana corporation ("Thieneman Construction").

On March 4, 2026, Thieneman Construction delivered a Notice of Conversion to Velo3D, Inc. (the "Company") for the conversion of $10,000,000 of principal amount of the February Note, together with accrued and unpaid interest thereon, into 1,145,830 shares of common stock, par value $0.00001 per share, of the Company.

Consists of a Senior Secured Convertible Promissory Note dated January 7, 2025 (the "January Note") in the principal amount of $5,000,000, held by Arrayed. The Reporting Person has the right, at its option, to convert all or any portion of the $5,000,000 principal amount of the January Note, together with accrued and unpaid interest thereon, into shares of common stock, par value $0.00001 per share, of Velo3D, Inc. (the "Company").

Held by Arrayed Notes Acquisition Corp. ("Arrayed"), a wholly owned subsidiary of Arrayed Additive, Inc. The Reporting Person is the Chief Executive Officer and President and sole equity holder of Arrayed Additive, Inc. and is the Chief Executive Officer of Arrayed.

On March 4, 2026, Arrayed delivered a Notice of Conversion to the Company, for the conversion of $5,000,000 of principal amount of the January Note, together with accrued and unpaid interest thereon, into 394,517 shares of common stock of the Company.

Held by Arrayed Notes Acquisition Corp. ("Arrayed"), a wholly owned subsidiary of Arrayed Additive, Inc. The Reporting Person is the Chief Executive Officer and President and sole equity holder of Arrayed Additive, Inc. and is the Chief Executive Officer of Arrayed.

All share figures in this report give effect to the Company's 1-for-15 reverse stock split, which was effective July 28, 2025.

Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Company's common stock upon settlement for no consideration.

Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Company's common stock upon settlement for no consideration.

The RSUs shall vest 25% of the total grant on February 15, 2026, with the remaining 75% vesting in equal quarterly installments over the next three years on Feb 15, May 15, August 15, and November 15, subject to the Reporting Person's continued service to the Issuer on each vesting date. The reporting person's Form 4 filed on May 12, 2025 inadvertently erroneously reported that the initial vesting date for the RSUs was February 15, 2025.

Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock upon settlement for no consideration.

Represents restricted stock units granted and vested immediately pursuant to Board approval.

Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock upon settlement for no consideration.

Represents restricted stock units granted and vested immediately pursuant to Board approval.

Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock upon settlement for no consideration.

The RSUs shall vest as to 25% of the total grant quarterly, commencing June 27, 2025, with the remainder of grant vesting on each subsequent September 27, 2025, December 27, 2025, March 27, 2026, and June 27, 2026, subject to the Reporting Person's continued service to the Issuer on each vesting date.

Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock upon settlement for no consideration.

The RSUs shall vest as to 25% of the total grant quarterly, commencing June 27, 2025, with the remainder of grant vesting on each subsequent September 27, 2025, December 27, 2025, March 27, 2026, and June 27, 2026, subject to the Reporting Person's continued service to the Issuer on each vesting date.

Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock upon settlement for no consideration.

The RSUs shall vest as to 25% of the total grant quarterly, commencing June 27, 2025, with the remainder of grant vesting on each subsequent September 27, 2025, December 27, 2025, March 27, 2026, and June 27, 2026, subject to the Reporting Person's continued service to the Issuer on each vesting date.

Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock upon settlement for no consideration.

The RSUs shall vest as to 25% of the total grant quarterly, commencing June 27, 2025, with the remainder of grant vesting on each subsequent September 27, 2025, December 27, 2025, March 27, 2026, and June 27, 2026, subject to the Reporting Person's continued service to the Issuer on each vesting date.

Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock upon settlement for no consideration.

The Restricted Stock Units (RSUs) will vest as follows: 25% will vest after one year starting in April 2024, with the remaining shares vesting quarterly over the following three years. This is contingent upon the continued service of the reporting person on each vesting date.

Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock upon settlement for no consideration.

The Restricted Stock Units (RSUs) will vest as follows: 25% will vest after one year starting in May 2025, with the remaining shares vesting quarterly over the following three years. This is contingent upon the continued service of the reporting person on each vesting date.