Jaws Spitfire Acquisition (SPFR) director Bass received 57,376 Earnout Rights

Insider transactions reported

Carl Bass (director at Jaws Spitfire Acquisition Corporation, SPFR) reported that they received 57,376 Earnout Rights on Sep 29, 2021.

Reporting person

Bass Carl

Options and other derivatives

Holdings before and after

• Earnout Rights: 0 to 57,376 direct

Footnotes from the filing

1. 1. Pursuant to the earnout provisions in the Business Combination Agreement, dated March 22, 2021 (the Business Combination Agreement ), the Reporting Person is entitled to receive shares of New Velo3D Common Stock if, from the closing of the transaction until the fifth anniversary thereof, the volume-weighted average price of the Common Stock equals or exceeds certain thresholds (the Earnout Rights ). Of these Earnout Rights, one-half will be issued if the volume-weighted average price of the Common Stock equals or exceeds $12.50 for any 20 trading days within any 30-trading day period and one-half will be issued if the volume-weighted average price of the Common Stock equals or exceeds $15.00 for any 20 trading days within any 30-trading day period, in each case, subject to adjustment as provided in the Business Combination Agreement.
2. 2. Reflects Earnout Rights acquired pursuant to the Business Combination. The transactions contemplated by the Business Combination Agreement closed on September 29, 2021.

Transaction codes in this filing

Grant or award:

Code A marks a grant or award from the company under an exempt employee or director plan. Usually nothing is paid for it.

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