[Form 3] ELUTIA INC. Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

Elutia Inc. (ELUT) filed a Form 3 reporting a director’s holdings. The filing lists 62,500 shares of Class A Common Stock beneficially owned, held directly. It also discloses restricted stock units granted on December 20, 2023 for 50,000 RSUs vesting in eight equal installments through December 1, 2025, and on March 5, 2025 for 25,000 RSUs vesting in four equal installments through December 10, 2025. The event date is October 9, 2025.

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

NEELS GUIDO J

(Last) (First) (Middle)

20 FIRSTFIELD ROAD

(Street)

GAITHERSBURG MD 20878

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
10/09/2025

3. Issuer Name and Ticker or Trading Symbol
ELUTIA INC. [ ELUT ]

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

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

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock	62,500	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	(1)	Class A Common Stock	6,250	(1)	D
Restricted Stock Units	(2)	(2)	Class A Common Stock	6,250	(2)	D

Explanation of Responses:

1. On December 20, 2023, the Reporting Person was granted 50,000 restricted stock units which vest in eight equal installments on March 1, 2024, June 1, 2024, September 1, 2024, December 1, 2024, March 1, 2025, June 1, 2025, September 1, 2025 and December 1, 2025.

2. On March 5, 2025, the Reporting Person was granted 25,000 restricted stock units which vest in four equal installments on March 10, 2025, June 10, 2025, September 10, 2025 and December 10, 2025.

	/s/ Jeffrey Hamet, Attorney-in-Fact for Guido Neels	10/14/2025
	** 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 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What did ELUT file?

Elutia Inc. filed a Form 3, the initial statement of beneficial ownership by an insider.

How many ELUT shares does the director report owning?

The filing reports 62,500 shares of Class A Common Stock, held directly.

What RSU awards are disclosed for ELUT?

Two grants: 50,000 RSUs on December 20, 2023 and 25,000 RSUs on March 5, 2025.

How do the RSUs vest for ELUT’s director?

The 50,000 RSUs vest in eight equal installments through December 1, 2025; the 25,000 RSUs vest in four equal installments through December 10, 2025.

What is the insider’s relationship to ELUT?

The reporting person is a Director.

Is the ELUT Form 3 a joint filing?

No. It indicates Form filed by One Reporting Person.

What is the event date on the ELUT Form 3?

The date of the event requiring the statement is October 9, 2025.