Company: EVLVW
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001628280-25-021091
Chunk: 61

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 61
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 Total Stockholder Return (TSR) represents the cumulative return on a fixed investment of $100 in the Company’s common stock, for the period beginning on December 31, 2021 through the end of the applicable fiscal year, assuming reinvestment of dividends.

(5) The dollar amounts reported represent the net income reflected in the Company’s audited financial statements for the applicable year.

#### Cumulative TSR Calculation Summary
| Date       |     | Value of Initial Fixed $100 Investment Based On: 
 EVLV's TSR                                       |        |
|:-----------|:----|:-------------------------------------------------|-------:|
| 12/31/2024 |     | $                                                |  88.57 |
| 12/31/2023 |     | $                                                | 105.83 |
| 12/31/2022 |     | $                                                |  58.07 |

Relationship between CAP vs. Total Stockholder Returns

The following chart illustrates the relationship between CAP for our PEO and the average CAP for our Non-PEO NEOs against the Company’s total stockholder return:

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TABLE OF CONTENTS

#### Relationship between CAP vs. Net Income
The following chart illustrates the relationship between CAP for our PEO and the average CAP for our Non-PEO NEOs against the Company’s net income:

*As restated

#### Recovery of Erroneously Awarded Compensation
Restatement of Financial Statements . As disclosed in more detail in our Annual Report on Form 10-K for the year-ended December 31, 2024 and our Quarterly Report for the fiscal quarter ended September 30, 2024, in September 2024, an ad hoc committee of independent directors of the Board of Directors, under the direction of the Board, commenced an internal investigation of the Company’s sales practices, including whether certain sales of products and subscriptions to channel partners and end users were subject to extra-contractual terms and conditions that impacted revenue recognition and other metrics, and if so, when senior Company personnel became aware of these issues. This review, led by independent members of our Board and supported by leading legal and accounting firms, resulted in a restatement of our previously issued consolidated financial statements and other financial data for the fiscal years ended December 31, 2022 and December 31, 2023 contained in its Annual Report on Form 10-K for the year-ended December 31, 2023, and its condensed consolidated financial statements for the quarters