Company: EVLVW
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001628280-25-021091
Chunk: 37

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 37
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These actions reflect our steadfast commitment to aligning executive compensation with long-term stockholder value and addressing investor concerns.

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We appreciate our stockholders for their valuable insights and look forward to ongoing, constructive dialogue.

Sincerely,

Kevin Charlton

Chair, Compensation Committee of the Board of Directors

### EXECUTIVE COMPENSATION SUMMARY
This section provides stockholders with information about the material components of the executive compensation program for our executive officers who are named in the “2024 Summary Compensation Table” below (“named executive officers” or “NEOs”), our compensation decision-making process, and our responsiveness to stockholder feedback as a result of last year’s Say-On-Pay results. In 2024, our NEOs and their current and, where applicable, former positions were as follows:

• John Kedzierski, who serves as Chief Executive Officer and President;

• Michael Ellenbogen, who served as Interim Chief Executive Officer and President from October 30, 2024 until December 16, 2024 and who serves as our Chief Innovation Officer;

• Anil Chitkara, who serves as Chief Growth Officer;

• Peter George, who served as Chief Executive Officer and President until October 30, 2024;

• Mark Donohue, who served as Chief Financial Officer until November 21, 2024; and

• Jay Muelhoefer, who served as Chief Commercial Officer until February 7, 2025.

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### Business Highlights
2024 was a transformative year for Evolv, which achieved strong financial and operational results.

| Financial                                                                                                                                                                                                                        
 Highlights                                                                                                                                                                                                                       |     | •We reported total revenue of $103.9 million in 2024, up 31% from 2023, reflecting strong new customer growth, expanded deployments from our existing customers and strong contribution from our partners. |
| •Annual Recurring Revenue (ARR) rose 39% to $99.4 million from $71.3 million in 2023.1                                                                                                                                           |     |                                                                                                                                                                                                            |
| •Net loss narrowed to ($54.0) million, or ($0.34) per diluted share, compared to ($108.0) million, or ($0.72) in 2023.                                                                                                           |     |                                                                                                                                                                                                            |
| •Adjusted EBITDA improved to ($21.0) million from ($51.8