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

Signature
/s/ Eric Pyenson, Attorney-in-fact for Anil Chitkara
Stock symbol
EVLV
Transactions as of
Apr 1, 2024
Transactions value $
-$238,000
Form type
4
Date filed
4/2/2024, 04:31 PM
Previous 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 $12K +50K +4.17% $0.24 1.25M Apr 1, 2024 Direct
transaction EVLV Class A Common Stock Sale -$250K -50K -4% $5.00 1.2M Apr 1, 2024 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 -50K -4.51% $0.00 1.06M Apr 1, 2024 Class A Common Stock 50K $0.24 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 December 15, 2023.
F2 The option is fully vested and exercisable.