Eledon (NASDAQ: ELDN) director Hillson receives 3,430 common shares

Rhea-AI Filing Summary

Eledon Pharmaceuticals director Jan Hillson reported the vesting and settlement of 3,430 restricted stock units into 3,430 shares of common stock. The transaction occurred on January 10, 2026 through an option exercise coded "M" at a price of $0 per share. The RSUs were originally granted on January 10, 2025 and vested in full one year later, delivering common shares to the director on a one-for-one basis. Following this transaction, Hillson directly holds 3,430 shares of Eledon Pharmaceuticals common stock.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hillson Jan

(Last) (First) (Middle)

C/O ELEDON PHARMACEUTICALS, INC.

19800 MACARTHUR BLVD STE. 250

(Street)

IRVINE CA 92612

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Eledon Pharmaceuticals, Inc. [ ELDN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/10/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/10/2026		M		3,430(1)	A	$0	3,430	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	01/10/2026		M			3,430	(1)	(1)	Common Stock	3,430	$0	0	D

Explanation of Responses:

1. Represents shares issuable on settlement of restricted stock units ("RSUs") for common stock on a one-for-one basis granted to the reporting person. The RSUs were issued on January 10, 2025 and vested 100% on January 10, 2026.

	/s/ Paul Little, as attorney-in-fact for Jan Hillson	01/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transaction did Eledon Pharmaceuticals (ELDN) report for Jan Hillson?

The company reported that director Jan Hillson acquired 3,430 shares of common stock upon settlement of previously granted restricted stock units on January 10, 2026.

How many Eledon Pharmaceuticals (ELDN) shares does Jan Hillson hold after this Form 4?

After the reported transaction, Jan Hillson beneficially owns 3,430 shares of Eledon Pharmaceuticals common stock, held directly.

What was the price for the RSU-related share acquisition in this ELDN Form 4?

The 3,430 common shares acquired upon RSU settlement were reported at a transaction price of $0 per share, reflecting the nature of vested restricted stock units rather than an open-market purchase.

When were the restricted stock units for Eledon Pharmaceuticals (ELDN) originally granted to Jan Hillson?

The filing states that the restricted stock units were issued on January 10, 2025 and vested 100% on January 10, 2026 before settling into common shares.

What type of security conversion is shown in this Eledon Pharmaceuticals (ELDN) Form 4?

The Form 4 shows restricted stock units converting into 3,430 shares of common stock on a one-for-one basis, reported as a derivative transaction with code "M" and a corresponding non-derivative share acquisition.

Is Jan Hillson considered an officer or just a director of Eledon Pharmaceuticals (ELDN)?

The filing identifies Jan Hillson as a director of Eledon Pharmaceuticals and not as an officer or 10% owner.