Michael Ellenbogen - 01 Mar 2023 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
Issuer symbol: EVLV
Transactions as of: 01 Mar 2023
Transactions value $: -$46,924
Form type: 4
Filing time: 03 Mar 2023, 16:17:26 UTC
Previous filing: 09 Jan 2023
Next filing: 07 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EVLV	Class A Common Stock	Options Exercise	$0	+47.8K	+1.67%	$0.00	2.91M	01 Mar 2023	Direct
transaction	EVLV	Class A Common Stock	Sale	-$46.9K	-16.1K	-0.55%	$2.92	2.89M	02 Mar 2023	Direct	F1
holding	EVLV	Class A Common Stock						151K	01 Mar 2023	Held by Family Horizon Trust
holding	EVLV	Class A Common Stock						2.26M	01 Mar 2023	Held by E Ventures Trust

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	-47.8K	-33.33%	$0.00	95.5K	01 Mar 2023	Class A Common Stock	47.8K		Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	The sale reported in the Form 4 was effected solely with the intent to cover withholding taxes in connection with the vesting of RSUs.
F2	Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A common stock. The RSUs have no expiration date.
F3	The RSUs vest in three equal annual installments commencing on March 1, 2023.