Company: EVLVW
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001628280-25-021091
Chunk: 44

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 44
---
500 |     |                    |
| Employee NPS                      
 of 40                             |     | 10%          |     |        25 |     |            40 |     |             60 |     |                    |

(1) The maximum funding under the Corporate Financial Performance metrics is 150%, and the maximum funding under the Non-Financial Strategic Scorecard is 125%.

<div align='center'>34</div>

TABLE OF CONTENTS

(2) “Incremental ARR” is a measure of the growth we achieve in the recurring revenue we expect to receive from our subscription-based products or services over a year (please see Appendix A for how ARR is defined); “Gross Margin” is the percentage of our revenue that exceeds our cost of goods sold, representing the proportion of revenue that we retain after covering direct production costs; and “Cash” is measured by the ending amount of physical currency and highly liquid assets that we can readily use for transactions.

(3) “Customer NPS” refers to average customer net promoter score and is measured by ongoing formal surveys of our customer base; “Deployments” measures the number of systems deployed in 2024; and “Employee NPS” refers to average employee net promoter score and is measured by formal surveys of our employee base.

2024 Short-Term Annual Cash Incentive Plan Performance

The tables below details the achievement of each target and the actual bonuses earned for each executive officer:

|                                   |     | Metric             |     | Weighting |     | 2024 Result |     |                   | Achievement 
 (%)         |
| Corporate Financial Performance   |     | Incremental ARR    |     |       15% |     |        $28M |     |                   | 0%          |
| Gross Margin                      |     | 20%                |     |       59% |     |         15% |     |                   |             |
| Cash                              |     | 15%                |     |      $52M |     |          0% |     |                   |             |
| Non-Financial Strategic Scorecard |     | Customer NPS of 40 |     |       20% |     |          65 |     |                   | 25%         |
| Deployments                       |     | 20%                |     |     1,606 |     |          0% |     |                   |             |
| Employee NPS of 40                |     | 10%                |     |