Anil Chitkara - Jan 1, 2024 Form 4 Insider Report for Evolv Technologies Holdings, Inc. (EVLV)

Role
Founder & Chief Growth Officer
Signature
/s/ Eric Pyenson, Attorney-in-fact for Anil Chitkara
Stock symbol
EVLV
Transactions as of
Jan 1, 2024
Transactions value $
-$4,145
Form type
4
Date filed
1/3/2024, 07:39 PM
Previous filing
May 15, 2023
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EVLV Class A Common Stock Options Exercise $0 +2.5K +0.22% $0.00 1.13M Jan 1, 2024 Direct F1
transaction EVLV Class A Common Stock Sale -$4.14K -915 -0.08% $4.53 1.13M Jan 3, 2024 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 -2.5K -100% $0.00* 0 Jan 1, 2024 Class A Common Stock 2.5K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 31, 2022, the reporting person was granted 5,000 performance-based restricted stock units ("RSUs"). 50% of the performance-based RSUs vested on January 1, 2023 based on achieving an annual bookings goal for the fiscal year ended December 31, 2022. The remaining RSUs vested on January 1, 2024, subject to the reporting person's continued employment through such vesting date. Each RSU represents a contingent right to receive one share of Class A Common Stock and has no expiration date.
F2 The sale reported in the Form 4 was effected solely with the intent to cover withholding taxes in connection with the January 1, 2024 vesting of the RSUs described in footnote 1.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.46 to $4.54. The reporting person undertakes to provide 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.