Company: EVLVW
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001628280-25-021091
Chunk: 11

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 11
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 Customer NPS of 40 |     |       20% |     |            25 |     |             40 |     |                 60 |     |          65 |     | 25%         |
| Deployments                       |     | 20%                |     |     2,500 |     |         3,000 |     |          3,500 |     |              1,606 |     |          0% |     |             |
| Employee NPS of 40                |     | 10%                |     |        25 |     |            40 |     |             60 |     |                 24 |     |          0% |     |             |
|                                   |     |                    |     |           |     |               |     |                |     |  Total Achievement |     |             |     | 40.0%       |

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

(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

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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 formal survey of our customer base; “Deployments” measures the net systems deployed as of December 31, 2024, reflecting a one-time adjustment to remove approximately 100 non-revenue generating systems from the Company’s deployment count related to Evolv Edge, the Company’s first generation product offering; and “Employee NPS” refers to average employee net promoter score and is measured by formal survey of our employee base.

See “ 2024 Executive Compensation Program Highlights ” on page 28 for more information on our fiscal year 2024 executive compensation program and the terms of Mr. Kedzierski’s compensation.

#### PROPOSAL 1: ELECTION OF DIRECTORS
At the Annual Meeting, four (4) Class I Directors are