Company: EVLVW
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001628280-25-021091
Chunk: 47

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 47
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 one-time new-hire grant of (i) 621,000 MSUs (the “New Hire MSUs”) and (ii) 621,000 time-based RSUs under the 2021 Plan, which in each case, had a grant effective date of January 2, 2025. The New Hire MSUs are RSUs earned based on absolute stock price performance and are paid at the end of a three-year performance period based on the ratio of price at maturity to price at target, subject to Mr. Kedzierski’s continued service.

The total number of New Hire MSUs that are earned will be equal to:

| 207,000 |     | x |     | the greatest of the First Measurement Date Percentage(1), Second Measurement Date Percentage(2), and Third Measurement Date Percentage(3) |
| +       |     |   |     |                                                                                                                                           |
| 207,000 |     | x |     | the greatest of the Second Measurement Date Percentage, and Third Measurement Date Percentage                                             |
| +       |     |   |     |                                                                                                                                           |
| 207,000 |     | x |     | Third Measurement Date Percentage                                                                                                         |

(1) “First Measurement Date Percentage” means the Payout Percentage measured as of the first anniversary of the Grant Date based on the Milestone Table below

(2) “Second Measurement Date Percentage” means the Payout Percentage measured as of the second anniversary of the Grant Date based on the Milestone Table below.

(3) “Third Measurement Date Percentage” means the Payout Percentage measured as of the third anniversary of the Grant Date based on the Milestone Table below

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TABLE OF CONTENTS

The table below sets forth the threshold, target and maximum payout of the New Hire MSUs based on pre-established stock price milestones:

| Achievement Level |     | Stock Price(1)Milestone |     | Payout Percentage |
| Threshold         |     | Stock Price of $6       |     | 50%               |
| Target            |     | Stock Price of $8       |     | 100%              |
| Maximum           |     | Stock Price of $10      |     | 200%              |

(1) For purposes of the New Hire MSUs, “Stock Price” means the volume weighted average closing price (“VWAP”) of the Company’s common stock over any 30 trading days immediately preceding the applicable Measurement Date

The RSUs will vest in