David Hall, Founder of Velodyne Lidar, Announces Intent to Nominate Highly-Qualified Director Candidates for Election at the Company’s 2022 Annual Meeting - Seite 2

As a stockholder of the Company, it is my absolute right to nominate directors and vote my shares to impact who is elected to the Board. In the coming months, I will be watching the Board very carefully to ensure that it honors the existing ground rules for the 2022 Annual Meeting and does not continue to waste stockholder resources to further entrench itself for its own personal gain - much like it did in connection with the 2021 Annual Meeting process.

I want nothing more than for Velodyne Lidar to revitalize its integrity-rich culture and return to its position at the forefront of lidar technology innovation and engineering excellence. I am confident we can do so if new directors with strong corporate governance pedigrees are added to the boardroom. New blood can help shift the Board’s priorities away from rewarding poor-performing directors and toward creating enduring value for stockholders.

I look forward to continuing actively engaging with my fellow stockholders and Company leadership in the months leading up to Velodyne Lidar’s 2022 Annual Meeting.

Sincerely,

David Hall
Founder of Velodyne Lidar, Inc.

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CERTAIN INFORMATION CONCERNING THE PARTICIPANTS

David S. Hall, together with the other participants named herein, intends to file a preliminary proxy statement and accompanying proxy card with the Securities and Exchange Commission (“SEC”) to be used to solicit votes for the election of his director nominees at the 2022 annual meeting of stockholders of Velodyne Lidar, Inc., a Delaware corporation (the “Company”).

MR. HALL STRONGLY ADVISES ALL STOCKHOLDERS OF THE COMPANY TO READ THE PROXY STATEMENT AND OTHER PROXY MATERIALS AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. SUCH PROXY MATERIALS WILL BE AVAILABLE AT NO CHARGE ON THE SEC'S WEB SITE AT HTTP://WWW.SEC.GOV. IN ADDITION, THE PARTICIPANTS IN THIS PROXY SOLICITATION WILL PROVIDE COPIES OF THE PROXY STATEMENT WITHOUT CHARGE, WHEN AVAILABLE, UPON REQUEST. REQUESTS FOR COPIES SHOULD BE DIRECTED TO THE PARTICIPANTS' PROXY SOLICITOR.

The participants in the proxy solicitation are anticipated to be David S. Hall and Marta Thoma Hall.

As of the date hereof, Mr. Hall may be deemed to beneficially own 98,104,418 shares of common stock, par value $0.0001 per share (the “Common Stock”), of the Company, consisting of (i) 59,453,225 shares of Common Stock beneficially owned directly and (ii) 38,651,193 shares of Common Stock held by other stockholders of the Company over which, except under limited circumstances, Mr. Hall holds an irrevocable voting proxy. As of the date hereof, Mrs. Hall may be deemed to beneficially own 5,471,664 shares of Common Stock, consisting of (i) 5,435,865 shares of Common Stock beneficially owned directly, all of which are subject to an irrevocable voting proxy granted to Mr. Hall, and (ii) 35,799 shares of Common Stock underlying certain RSUs which have vested or will fully vest within 60 days of the date hereof.