Michael Ellenbogen - Sep 21, 2022 Form 4 Insider Report for Evolv Technologies Holdings, Inc. (EVLV)

Role: Founder & Chief Innovation Ofc, Director
Signature: /s/ Eric Pyenson, Attorney-in-fact for Michael Ellenbogen
Stock symbol: EVLV
Transactions as of: Sep 21, 2022
Transactions value $: -$317
Form type: 4
Date filed: 9/23/2022, 04:27 PM
Previous filing: Sep 15, 2022
Next filing: Jan 4, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EVLV	Class A Common Stock	Options Exercise		+500	+0.02%		2.86M	Sep 21, 2022	Direct	F1
transaction	EVLV	Class A Common Stock	Sale	-$317	-151	-0.01%	$2.10	2.86M	Sep 22, 2022	Direct	F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	EVLV	Restricted Stock Units	Options Exercise	$0	-500	-100%	$0.00^*	0	Sep 21, 2022	Class A Common Stock	500		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On September 27, 2021, the reporting person was granted 500 restricted stock units ("RSU"), vesting on September 21, 2022. Each RSU represents a contingent right to receive one share of the Issuer's Class A common stock. The RSUs have no expiration date.
F2	The sale reported in the Form 4 was effected pursuant to a standing Rule 10b5-1 instruction solely with the intent to cover withholding taxes in connection with the vesting of certain previously reported RSUs.
F3	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.10 to $2.14. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.