Velodyne Founder Slashes Significant Ownership Stake

March 14, 2022 2:56 PM | 1 min read |

Velodyne Lidar Inc VLDR disclosed significant stock ownership updates.
Velodyne founder David Hall and wife Marta Hall slashed their stake in the company to 10.1% from 42.9%.
David Hall also sold 45.8 million shares of Velodyne stock publicly.
Director Eric Singer has retired, effective March 13. Velodyne elected Singer following his nomination by David Hall at its 2021 stockholders meeting.
Velodyne removed David as Chair and Marta as marketing chief in 2021 for lack of honesty.
Price Action: VLDR shares traded lower by 4.01% at $2.04 on the last check Monday.

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