Evolv Technologies Form 4: 80,745-share sale via Rule 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Evolv Technologies Holdings (EVLV) reported a director’s Form 4 for transactions on 10/15/2025. The insider exercised 80,745 stock options at $0.24 and then sold 80,745 Class A shares at a $8.26 weighted average, with sales executed between $8.03 and $8.54, pursuant to a Rule 10b5-1 plan entered on June 12, 2025.
Following the transactions, the insider beneficially owned 2,083,961 shares directly and 151,135 shares indirectly (held by Family Horizon Trust), and held 1,542,974 derivative securities (stock options).
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 80,745 shares ($666,954)
Net Sell
4 txns
Insider
Ellenbogen Michael
Role
Director
Sold
80,745 shs ($667K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 80,745 | $0.00 | -- |
| Exercise | Class A Common Stock | 80,745 | $0.24 | $19K |
| Sale | Class A Common Stock | 80,745 | $8.26 | $667K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 1,542,974 shares (Direct);
Class A Common Stock — 2,164,706 shares (Direct);
Class A Common Stock — 151,135 shares (Indirect, Held by Family Horizon Trust)
Footnotes (1)
- The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan entered into on June 12, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.03 to $8.54. 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. The option vested and became exercisable as to 25% on January 31, 2018 and vested in 36 equal monthly installments thereafter.
FAQ
What did EVLV’s insider do on 10/15/2025?
They exercised 80,745 stock options at $0.24 and sold 80,745 Class A shares at a $8.26 weighted average price.
Was the EVLV sale under a Rule 10b5-1 plan?
Yes. The sales were effected under a Rule 10b5-1 trading plan entered on June 12, 2025.
What derivative holdings remain after the EVLV transactions?
The insider held 1,542,974 derivative securities (stock options) following the reported transactions.
What do the transaction codes mean in this EVLV Form 4?
Code M indicates an option exercise; code S indicates an open-market sale, as shown in the filing.
What role does the reporting person have at EVLV?
The reporting person is listed as a Director.