Marshall Robert E 4
4 · Evolv Technologies Holdings, Inc. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Evolv (EVLV) CRO Robert Marshall Exercises RSUs and Sells Shares
What Happened
Robert E. Marshall, Chief Revenue Officer of Evolv Technologies, had 136,363 Restricted Stock Units (RSUs) convert to common stock on June 1, 2026 (recorded as an exercise/conversion at $0). To cover tax withholding tied to the vesting, he sold 62,067 shares in an open-market transaction on June 2, 2026 at a weighted average price of $6.85, generating roughly $425,159. The Form 4 also records 136,363 derivative shares disposed at $0 consistent with tax withholding/surrender of shares.
Key Details
- Transaction dates and prices:
- 2026-06-01: Conversion/exercise of 136,363 RSUs into common stock @ $0.00 (acquired).
- 2026-06-01: 136,363 derivative shares recorded as disposed @ $0.00 (tax withholding/surrender).
- 2026-06-02: Open-market sale of 62,067 shares @ $6.85 (weighted avg) — proceeds ≈ $425,159. (F2: multiple sale prices; weighted avg shown.)
- Shares owned after transaction: Not specified in the filing excerpt.
- Footnotes of note:
- F1: The sale was effected solely to cover withholding taxes related to RSU vesting.
- F3/F4: Each RSU converts to one share; RSUs vest in three equal annual installments starting March 1, 2026.
- Filing timeliness: Report covers 2026-06-01 and was filed 2026-06-03 — appears timely (Form 4 is due within two business days).
Context
These were RSU conversions (no cash exercise price) and a routine sale to satisfy tax withholding — a common administrative transaction that does not necessarily indicate the insider’s view on the company’s prospects. The weighted average sale price reflects multiple sale lots (see F2). Purchases generally carry more informational weight than routine sales to cover taxes.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
2026-06-01+136,363→ 143,363 total - Sale
Class A Common Stock
[F1][F2]2026-06-02$6.85/sh−62,067$425,159→ 81,296 total - Exercise/Conversion
Restricted Stock Units
[F3][F4]2026-06-01−136,363→ 272,727 total→ Class A Common Stock (136,363 underlying)
Footnotes (4)
- [F1]The sale reported in the Form 4 was effected solely with the intent to cover withholding taxes in connection with the vesting of RSUs.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
- [F3]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A common stock. The RSUs have no expiration date.
- [F4]The RSUs vest in three equal annual installments commencing on March 1, 2026.