Founder Anil Chitkara sells 360,000 EVLV shares (22.0% of holdings) for $2,952,000 via scheduled 10b5-1 plan
Chitkara, Founder & Chief Growth Officer, executed four separate sales totaling 360,000 shares (360.0K shares) for $2,952,000.00 on October 24 and October 27, 2025, all at $8.20 per share. This represents a 22.0% reduction in his holdings, from 1,635,100 shares to 1,275,100 shares post-transaction. The sales were executed pursuant to a pre-arranged 10b5-1 trading plan, indicating these were scheduled transactions rather than discretionary decisions. As a founder and senior executive, Chitkara's substantial share disposition warrants investor attention to understand whether these scheduled sales reflect prior-planned portfolio management or signal broader context about the company's trajectory.