Ellenbogen Michael 4
Research Summary
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Evolv (EVLV) Director Michael Ellenbogen Sells 91,771 Shares
What Happened Michael Ellenbogen, a director of Evolv Technologies Holdings, Inc. (EVLV), reported the sale of 91,771 shares on March 6, 2026. The shares were disposed at a weighted average price of $5.10 per share, for total proceeds of about $468,032. This was a sale (not a purchase), and was executed under a prearranged Rule 10b5-1 trading plan.
Key Details
- Transaction date: March 6, 2026; Form 4 filed March 9, 2026 (within the SEC’s filing deadline).
- Price: weighted average $5.10; individual trades ranged from $5.04 to $5.17 (reporting person can provide a per-price breakdown on request).
- Shares sold: 91,771; proceeds ≈ $468,032.
- Shares owned after transaction: not specified in the supplied filing.
- Footnotes: F1 — sale effected pursuant to a Rule 10b5-1 plan entered June 12, 2025. F2 — price is a weighted average across multiple transactions; breakdown available upon request.
Context Sales under a 10b5-1 plan are pre-scheduled and often reflect routine liquidity or diversification rather than a timely statement about the company’s prospects. This report reflects a straightforward open-market disposition by an insider; no option exercises, gifts, or special tax-withholding transactions were indicated.