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As a result of the Business Combination, Velo3D became a wholly owned subsidiary of JAWS. Velo3D was renamed \"Velo3D US, Inc.\" and JAWS was renamed \"Velo3D, Inc.\" (\"New Velo3D\"). Pursuant to the forfeiture provision in the Business Combination Agreement, the outstanding options of Velo3D were exchanged for comparable options of New Velo3D at the exchange ratio of 0.8149 to 1, subject to the same terms and conditions that applied to the original grant."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F2","text":"The option vests as to 1/4 of the total shares on October 5, 2020, and thereafter 2.0833% of the remaining shares vest monthly until such time as the option is 100% vested, subject to the continued service of the Reporting Person on each vesting date."}],"balance_after":1142537,"derivative":{"exercise_price":0.18,"expiration_date":"2030-12-13","underlying":"Common Stock","underlying_shares":1142537},"source":{"system":"sec-edgar","filing":"0001209191-21-068909","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1877726/000120919121068909/doc4.xml","form_type":"4"}}]}