Company: EVLVW
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001628280-25-021091
Chunk: 46

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 46
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% RSUs and 50% stock options. The RSUs vest over three years in annual increments, and the stock options vest over four years in quarterly increments. We granted RSUs to provide retentive value and create alignment with our stockholders as their value is contingent on our stock price.

We believe that stock options incentivize our executives to drive Evolv’s stock price higher as they only have value if our stock price is greater than their exercise price. Options also provide retentive value and create alignment with our stockholders.

The following table sets forth the stock options and RSUs to our named executive officers (other than our new CEO) in 2024:

| Named Executive Officer |     | Vesting Commencement Date |     | Target Stock Option Value(1) |           |     | Target RSU Value(2) |           |
| Michael Ellenbogen      |     | 3/1/2024                  |     |                              |   625,000 |     |                     |   625,000 |
| Anil Chitkara           |     | 3/1/2024                  |     |                              |   500,000 |     |                     |   500,000 |
| Peter George            |     | 3/1/2024                  |     |                              | 2,000,000 |     |                     | 2,000,000 |
| Mark Donohue            |     | 3/1/2024                  |     |                              | 1,100,000 |     |                     | 1,100,000 |
| Jay Muelhoefer          |     | 3/1/2024                  |     |                              |   825,000 |     |                     |   825,000 |

(1) The option awards vest over a four-year period from the Vesting Commencement Date, with one-sixteenth vesting quarterly in 16 equal installments, subject to the recipient continuously providing services to us through each such vesting date.

(2) The RSU awards vest over a three-year period with one-third vesting on the first, second, and third anniversaries of the grant date, subject to the recipient continuously providing services to us through each such vesting date.

#### New CEO Equity Awards
In connection with Mr. Kedzierski’s appointment as President and Chief Executive Officer, in December 2024, the Company granted Mr. Kedzierski a