Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-15

Velo3D (VELO)

CEO Arun Jeldi was paid $1,094,032 in fiscal year 2025, ↑ up 32499.3% from fiscal year 2024 (SEC filing 0001825079-26-000007 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$1,097,163
Hull Xu total, FY2025
Former Chief Financial Officer — highest-paid officer; CEO Arun Jeldi: $1,094,032
—
CEO (Arun Jeldi) pay percentile vs peers
—
CEO-to-median pay ratio
99.16%
Say-on-pay support, latest vote

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Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Arun Jeldi (Chief Executive Officer), FY2025 total compensation $1,094,032 (base salary $415,609) [exec_comp, SEC accession 0001825079-26-000007, filed 2026-04-27]

Answered within 24 hours, every figure cited to its SEC filing. If our database cannot answer your question, you are refunded automatically.

VELO's next annual pay disclosure, estimated April 24, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Hull Xu$375,202$2,000$709,141$0$0$0$10,820$1,097,163
Former Chief Financial Officer
Arun Jeldi415,6092,000664,34300012,0801,094,032
Chief Executive Officer
Michelle Sidwell368,1252,000418,0040285,938012,7521,086,819
Chief Revenue Officer
Bradley Kreger157,2470602,815000205,895965,957
Former Chief Operating Officer
Bernard Chung147,0492,000312,3420005,354466,745
Controller and Former Acting Chief Financial Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Hull Xu$1,097,163$521,141—↑ +576,022
Arun Jeldi1,094,0323,356—↑ +1,090,676
Michelle Sidwell1,086,819———
Bradley Kreger965,957455,0132,721,676↑ +510,944
Bernard Chung466,745160,865899,014↑ +305,880

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Companies that benchmark against VELO
1 company names VELO as a compensation peer

Each company listed discloses VELO in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named VELO in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Adrian KepplerIndependent Director$164,918
Jason LloydLead Independent Director$153,771
Kenneth ThienemanDirector$139,771
Michael IdelchikFormer director (through FY2025)$23,667
Stefan KrauseIndependent Director$154,418
02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Arun JeldiRSU50,329—$691,521
Bernard ChungRSU47,253—649,256
Bernard ChungRSU31,667—435,105
05

Incentive-plan design — the Compensation Discussion & Analysis

The Company’s executive compensation program is designed to align pay with performance, support the attraction and retention of key talent, and promote long-term stockholder value creation. The Compensation Committee utilizes a combination of base salary, cash incentives, and equity-based compensation to deliver a competitive total compensation program.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantWailea Partners
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingfalse
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-1011,417,04396,43526,66699.16%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-06-1099.16%a

a. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Adrian KepplerIndependent · AUDIT COMMITTEE · COMPENSATION COMMITTEE · NOMINATING AND GOVERNANCE COMMITTEE (Chair)$71,000$93,918———$164,918
Stefan KrauseIndependent · AUDIT COMMITTEE (Chair)60,50093,918———154,418
Jason LloydIndependent · Lead Independent Director · AUDIT COMMITTEE · COMPENSATION COMMITTEE (Chair) · NOMINATING AND GOVERNANCE COMMITTEE48,167105,604———153,771
Kenneth ThienemanNot independent · Nominating and Governance34,167105,604———139,771
Michael IdelchikIndependent · Departed during FY23,6670———23,667
Arun JeldiEmployee director · Board Chair · Nominating and Governance—————0
09

Board fee structure and ownership guideline

Annual cash retainer$50,000
Annual equity retainer$200,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)10,500
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$237,501
Equity awards (grant-date value)$399,044
All other compensation$0
Total cost of the board$636,545

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Velo3D2025Arun Jeldi$415,609$664,343$0$0$1,094,032

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10d

Frequently asked questions

Who was the highest-paid executive at Velo3D in fiscal 2025?
As disclosed, Hull Xu (Former Chief Financial Officer) was the highest-paid executive at Velo3D in fiscal 2025, with total compensation of $1,097,163.
How did shareholders vote on Velo3D's executive compensation?
As disclosed, 99.16% of shareholders supported Velo3D's executive compensation in the latest say-on-pay vote.
How much does Velo3D spend in total on board compensation for fiscal 2025?
As disclosed, Velo3D reported total board compensation of $636,545 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Hull XuDEF 14A2026-04-270001825079-26-000007Section “Executive Compensation”. As printed: 1,097,163. Filing ↗machine: r6 · c25 · span 736470–736479
2Section 01, Arun JeldiDEF 14A2026-04-270001825079-26-000007Section “Executive Compensation”. As printed: 1,094,032. Filing ↗machine: r2 · c25 · span 697432–697441
3Section 01, Michelle SidwellDEF 14A2026-04-270001825079-26-000007Section “Executive Compensation”. As printed: 1,086,819. Filing ↗machine: r10 · c25 · span 775543–775552
4Section 01, Bradley KregerDEF 14A2026-04-270001825079-26-000007Section “Executive Compensation”. As printed: 965,957. Filing ↗machine: r4 · c25 · span 716950–716957
5Section 01, Bernard ChungDEF 14A2026-04-270001825079-26-000007Section “Executive Compensation”. As printed: 466,745. Filing ↗machine: r8 · c25 · span 755996–756003
6Section 08, Adrian KepplerDEF 14A2026-04-270001825079-26-000007Section “Director Compensation”. As printed: 164,918. Filing ↗machine: span 371888–372114
7Section 08, Stefan KrauseDEF 14A2026-04-270001825079-26-000007Section “Director Compensation”. As printed: 154,418. Filing ↗machine: span 376704–376930
8Section 08, Jason LloydDEF 14A2026-04-270001825079-26-000007Section “Director Compensation”. As printed: 153,771. Filing ↗machine: span 367071–367297
9Section 08, Kenneth ThienemanDEF 14A2026-04-270001825079-26-000007Section “Director Compensation”. As printed: 139,771. Filing ↗machine: span 381685–381911
10Section 08, Michael IdelchikDEF 14A2026-04-270001825079-26-000007Section “Director Compensation”. As printed: 23,667. Filing ↗machine: span 359208–359433
11Section 08, Arun JeldiDEF 14A2026-04-270001825079-26-000007Section “Director Compensation”. As printed: 0. Filing ↗
12Section 06, 2026 voteForm 8-K2026-06-150001193125-26-271070Item 5.07 · say-on-pay result. As reported: 99.16% (votes for as printed: 11,417,043). Filing ↗
13Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
14Section 09b board cost (computed)Computed——Cash 237,501 + equity 399,044 + all other 0 = 636,545, summed across the director compensation table rows.machine: formula: Σ = 636,545
15Velo3D (subject), Section 10b CEO totalDEF 14A2026-04-270001825079-26-000007CEO total compensation as printed in Velo3D's own proxy. As printed: 1,094,032. Filing ↗machine: r2 · c25 · span 697432–697441