Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | EVLV | Class A Common Stock | Award | +594K | 594K | Jul 16, 2021 | Held by Cohen Family Trust | F1 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | EVLV | Performance Rights | Award | +139K | 139K | Jul 16, 2021 | Class A Common Stock | 139K | Held by Cohen Family Trust | F1, F2 | ||||
transaction | EVLV | Stock Option (Right to Buy) | Award | +163K | 163K | Jul 16, 2021 | Class A Common Stock | 163K | $0.42 | Held by Cohen Family Trust | F1, F3 | |||
transaction | EVLV | Stock Option (Right to Buy) | Award | +224K | 224K | Jul 16, 2021 | Class A Common Stock | 224K | $0.42 | Held by Cohen Family Trust | F1, F4 | |||
transaction | EVLV | Stock Option (Right to Buy) | Award | +192K | 192K | Jul 16, 2021 | Class A Common Stock | 192K | $0.42 | Held by Cohen Family Trust | F1, F5 |
Id | Content |
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F1 | The Reporting Person acquired these securities on July 16, 2021 as consideration and in exchange for the Reporting Person's holdings in Evolv Technologies, Inc. ("Old Evolv") pursuant to an Agreement and Plan of Merger dated March 5, 2021, by and among Old Evolv, NewHold Investments Corp. (the predecessor to Issuer) and NHIC Sub Inc., as amended by that certain First Amendment to Agreement and Plan of Merger dated June 5, 2021 (as so amended, the "Merger Agreement"). |
F2 | Each performance right represents a contingent right to receive one share of the Issuer's Class A common stock. Pursuant to an "Earn Out" provision in the Merger Agreement, the performance rights vest upon the Issuer's Class A Common stock achieving a specified price per share as follows: (i) 1/3 of the shares shall be issued if the closing sale price of Class A common stock equals or exceeds $12.50 per share for any period of 20 trading days out of 30 consecutive trading days prior to March 5, 2026; (ii) 1/3 of the shares shall be issued if the closing sale price of Class A common stock equals or exceeds $15.00 per share for any period of 20 trading days out of 30 consecutive trading days prior to March 5, 2026; and (iii) 1/3 of the shares shall be issued if the closing sale price of Class A common stock equals or exceeds $17.50 per share for any period of 20 trading days out of 30 consecutive trading days prior to March 5, 2026 |
F3 | The option vests and becomes exercisable as to 25% of the underlying shares on October 1, 2019 and in 36 equal monthly installments thereafter. |
F4 | The option vests and becomes exercisable as to 25% of the underlying shares on February 1, 2020 and in 36 equal monthly installments thereafter. |
F5 | The option vests and becomes exercisable as to 25% of the underlying shares on November 19, 2020 and in 36 equal monthly installments thereafter. |