Anthony John DeRosa - Dec 19, 2023 Form 4 Insider Report for Evolv Technologies Holdings, Inc. (EVLV)

Signature
/s/ Eric Pyenson, Attorney-in-fact for Anthony John DeRosa
Stock symbol
EVLV
Transactions as of
Dec 19, 2023
Transactions value $
-$137,400
Form type
4
Date filed
12/20/2023, 08:30 PM
Previous filing
Dec 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EVLV Class A Common Stock Options Exercise $12.6K +30K +77.26% $0.42 68.8K Dec 19, 2023 Direct
transaction EVLV Class A Common Stock Sale -$150K -30K -43.58% $5.00 38.8K Dec 19, 2023 Direct F1

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 Stock Option (Right to Buy) Options Exercise $0 -30K -3.43% $0.00 846K Dec 19, 2023 Class A Common Stock 30K $0.42 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan entered into on March 15, 2023.
F2 The option vests and becomes exercisable as to 25% of the shares on October 1, 2021 and in 36 equal monthly installments thereafter.