Evolv director sells 80,745 shares at $5.63
Evolv Technologies Holdings director Michael Ellenbogen reported an exercise-and-sell transaction in Class A Common Stock.
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Form Type
4
Rhea-AI Filing Summary
Evolv Technologies Holdings director Michael Ellenbogen reported an exercise-and-sell transaction in Class A Common Stock. He exercised stock options for 80,745 shares at $0.24 per share and sold 80,745 shares at a weighted average price of $5.63 per share under a pre-arranged Rule 10b5-1 trading plan entered into on June 12, 2025, with sale prices ranging from $5.53 to $5.77. Following these transactions, he directly owns 2,083,961 shares and indirectly holds 151,135 shares through the Family Horizon Trust.
Insider Trade Summary 10b5-1
Exercise and Sale: 80,745 shares ($435K approx. pre-tax spread)
Exercise and Sale
4 txns
Insider
Ellenbogen Michael
Role
Director
Sold
80,745 shs ($455K)
Approx. gross sale proceeds
$455K
Approx. exercise cost
$19K
Approx. pre-tax spread
$435K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 80,745 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 80,745 | $0.24 | $19K |
| Sale | Class A Common Stock | 80,745 | $5.63 | $455K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 1,058,504 contracts (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 at prices ranging from $5.53 to $5.77. 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. The option vested and became exercisable as to 25% on January 31, 2018 and vested in 36 equal monthly installments thereafter.
Key Figures
Shares sold: 80,745 shares
Weighted average sale price: $5.63 per share
Option exercise price: $0.24 per share
+4 more
7 metrics
Shares sold
80,745 shares
Class A Common Stock sale on May 15, 2026
Weighted average sale price
$5.63 per share
Open-market sales with prices from $5.53 to $5.77
Option exercise price
$0.24 per share
Stock option exercised for 80,745 underlying shares
Underlying option shares
80,745 shares
Stock Option (Right to Buy) in Class A Common Stock
Direct holdings after transactions
2,083,961 shares
Class A Common Stock directly owned following transactions
Indirect trust holdings
151,135 shares
Class A Common Stock held by Family Horizon Trust
Option expiration date
September 13, 2027
Expiration of exercised stock option grant
Key Terms
Rule 10b5-1 trading plan, weighted average price, Stock Option (Right to Buy), Class A Common Stock, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan entered into on June 12, 2025."
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)""
Class A Common Stock financial
"security_title": "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
indirect ownership financial
"direct_or_indirect": "I", "nature_of_ownership": "Held by Family Horizon Trust""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Evolv Technologies (EVLV) director Michael Ellenbogen report?
Michael Ellenbogen exercised options for 80,745 Evolv Technologies shares and sold 80,745 shares in an open-market transaction. The trades were reported as part of a Form 4 insider filing for Class A Common Stock.
Were Michael Ellenbogen’s Evolv Technologies (EVLV) stock sales pre-planned under Rule 10b5-1?
Yes. The filing states the sales were effected under a Rule 10b5-1 trading plan entered into on June 12, 2025. Such plans pre-schedule trades, indicating the timing was determined in advance rather than based on new information.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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