Company: EVLVW
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001628280-25-021091
Chunk: 53

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 53
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, SiTime, and Workiva) did not meet the defined size criteria. In addition, five peers, all of which are relevant companies with security, sensing, and/or AI businesses, were added: OneSpan, Red Violet, and Digimarc (all of which produce automatic identification and security software and/or hardware), FARO (which manufactures software-driven imaging and laser scanning hardware), and SoundHound AI (which develops custom AI and machine learning solutions). Within the 2025 peer group, Evolv is in a near-median size range against the 16 peers, with 35 th percentile revenue and median market cap. One-year revenue growth is in the top quartile, while employee headcount is below median.

#### Additional Information

#### Compensation Recovery Policy
We previously adopted a compensation recovery policy (the “Clawback Policy”), effective as of October 2, 2023, to comply with final SEC and Nasdaq rules that require the clawback by us of certain incentive-based compensation paid to current and former executive officers in the event that we are required to prepare an accounting restatement.

In response to the revisions to our financial statements and to reflect the guidance from the United States Department of Justice, in January 2025, the Board approved a new Executive Officer Compensation Recovery Policy, which supersedes and has a broader scope and triggering criteria than the Clawback Policy. The Executive Officer Compensation Recovery Policy provides for the clawback by us of all forms of cash and equity incentive compensation, whether time-based or performance-based, in the event of (i) a miscalculation that results in an overpayment of incentive compensation, which is not related to a restatement, or (ii) “misconduct,” either by a covered person or where the covered person was aware of or willfully blind to misconduct that

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occurred in an area over which the covered person had supervisory authority. The Board also approved a separate compensation recovery policy applicable to Senior Vice Presidents and Vice Presidents, which provides for the clawback of incentive compensation in the event of “misconduct” as described above.

Please see “Recovery of Erroneously Awarded Compensation” below for information regarding the application of our Clawback Policy to the 2023 annual cash incentive bonuses that were paid to certain of our current and former executive officers.

Policies and Practices Related to the Timing of Grants of Certain Equity Awards

The Company does notschedule its equity grants in anticipation of the