Anil Chitkara - Mar 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
Mar 1, 2024
Transactions value $
-$123,656
Form type
4
Date filed
3/5/2024, 05:17 PM
Previous filing
Jan 3, 2024
Next filing
Mar 6, 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 +47.8K +4.21% $0.00 1.18M Mar 1, 2024 Direct
transaction EVLV Class A Common Stock Options Exercise $0 +53.4K +4.52% $0.00 1.23M Mar 1, 2024 Direct
transaction EVLV Class A Common Stock Sale -$124K -34.1K -2.76% $3.63 1.2M Mar 4, 2024 Direct F1, F2

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 -49.99% $0.00 47.8K Mar 1, 2024 Class A Common Stock 47.8K Direct F3, F4
transaction EVLV Restricted Stock Units Options Exercise $0 -53.4K -33.33% $0.00 107K Mar 1, 2024 Class A Common Stock 53.4K Direct F3, F5
* 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.61 to $3.68. 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.
F3 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.
F4 The RSUs vest in three equal annual installments commencing on March 1, 2023.
F5 The RSUs vest in three equal annual installments commencing on March 1, 2024.