Evolv Technologies (NASDAQ: EVLV) director unloads shares under preset trading plan
Rhea-AI Filing Summary
Evolv Technologies Holdings, Inc. (EVLV) director Michael Ellenbogen reported an option exercise-and-sale transaction. On August 17, 2026 he exercised 80,752 stock options at an exercise price of $0.24 per share, acquiring an equal number of Class A common shares, then sold 80,752 shares of Class A common stock at a $5.59 weighted average price in open-market or private transactions. After the option exercise, he held 816,262 options directly, and an additional 151,135 shares are held indirectly through the Family Horizon Trust. The sales were effected under a Rule 10b5-1 trading plan entered into on June 12, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 80,752 shares ($432K approx. pre-tax spread)
Exercise and Sale
4 txns
Insider
Ellenbogen Michael
Role
Director
Sold
80,752 shs ($451K)
Approx. gross sale proceeds
$451K
Approx. exercise cost
$19K
Approx. pre-tax spread
$432K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F3 | 80,752 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 80,752 | $0.24 | $19K |
| Sale | Class A Common Stock F1, F2 | 80,752 | $5.59 | $451K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 816,262 shares (Direct);
Class A Common Stock — 2,083,961 shares (Direct);
Class A Common Stock — 151,135 shares (Indirect, Held by Family Horizon Trust)
Footnotes (3)
- F1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan entered into on June 12, 2025.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions. 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.
- F3. The option vested and became exercisable as to 25% on January 31, 2018 and vested in 36 equal monthly installments thereafter.
Key Figures
Options Exercised: 80,752 shares
Option Exercise Price: $0.24 per share
Shares Sold: 80,752 shares
+3 more
6 metrics
Options Exercised
80,752 shares
Stock Option (Right to Buy) exercised on August 17, 2026
Option Exercise Price
$0.24 per share
Exercise price of stock options for 80,752 shares
Shares Sold
80,752 shares
Class A Common Stock sold on August 17, 2026
Sale Price (Weighted Average)
$5.59 per share
Weighted average price for multiple sale transactions
Options Held After Exercise
816,262 options
Total stock options directly held following the reported transactions
Indirect Shares Held
151,135 shares
Class A Common Stock held indirectly by Family Horizon Trust
Key Terms
Rule 10b5-1 trading plan, weighted average price, Stock Option (Right to Buy), Family Horizon Trust
4 terms
Rule 10b5-1 trading plan regulatory
"The sales reported were effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price reported in Column 4 is a weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
Family Horizon Trust financial
"nature_of_ownership: Held by Family Horizon Trust"
FAQ
What did EVLV director Michael Ellenbogen report in this Form 4?
Michael Ellenbogen reported exercising 80,752 stock options at $0.24 per share and selling 80,752 EVLV Class A shares on August 17, 2026. The filings show this as an option exercise followed by an open-market or private sale.
Was the EVLV stock sale by Michael Ellenbogen under a Rule 10b5-1 plan?
Yes. The sale of 80,752 EVLV shares was effected under a Rule 10b5-1 trading plan entered into on June 12, 2025. This indicates the transactions followed a pre-arranged, preset trading plan.
What type of securities were involved in Michael Ellenbogen’s EVLV Form 4?
The filing covers a Stock Option (Right to Buy) for EVLV Class A common stock and Class A common shares themselves. The option was exercised into 80,752 shares, which were then sold in market transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
