Evolv Technologies (NASDAQ: EVLV) director to sell 50,000 shares
Rhea-AI Filing Summary
Evolv Technologies Holdings, Inc. (EVLV) received a notice under Rule 144 that director David Mounts Gonzales intends to sell restricted or control securities. The notice lists a proposed sale of 50,000 shares of common stock, with an aggregate market value of $282,543, to be sold through Merrill Lynch in open-market transactions on or about March 26, 2024, on Nasdaq.
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Key Figures
Shares proposed to be sold: 50,000 shares
Aggregate market value: $282,543
Approximate sale date: 03/26/2024
3 metrics
Shares proposed to be sold
50,000 shares
Common stock to be sold for the account of David Mounts Gonzales under Rule 144
Aggregate market value
$282,543
Aggregate market value of the 50,000 common shares listed in the Rule 144 notice
Approximate sale date
03/26/2024
Approximate date of open-market sale for the 50,000 common shares
Key Terms
Rule 144, aggregate market value, Open Market
3 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
aggregate market value financial
"Common | Merrill Lynch ... | 50000 | 282543 | 50000 |"
Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.
Open Market market
"Common | 03/26/2024 | Open Market | David Mounts Gonzales"
An open market is a system where buying and selling of goods, services, or financial assets happen freely without restrictions or special controls. For investors, it means they can trade assets easily and quickly, which helps determine fair prices based on supply and demand. This environment encourages transparency and competition, making it easier to buy or sell with confidence.
FAQ
What does the Form 144 filing mean for Evolv Technologies Holdings, Inc. (EVLV)?
The filing states that director David Mounts Gonzales intends to sell 50,000 EVLV common shares under Rule 144. This is a planned disposition of restricted or control securities through a broker in open-market transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.