Elutia (NASDAQ: ELUT) director Brigid Makes receives 106,393-share stock option grant

Rhea-AI Filing Summary

ELUTIA INC. director Brigid Makes reported receiving a stock option grant as part of the company’s Non-Employee Director Compensation Program. The award covers 106,393 shares of Class A common stock at an exercise price of $0.9600 per share and expires on June 11, 2036. The option vests and becomes exercisable on the earlier of the day immediately preceding Elutia’s first annual meeting following the grant date or the first anniversary of the grant date, subject to her continued service on the board. This is a compensation-related grant and not an open-market share purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Makes Brigid

Role null

Type	Security	Shares	Price	Value
Grant/Award	Stock Option (Right to Buy)	106,393	$0.00	--

Holdings After Transaction: Stock Option (Right to Buy) — 106,393 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Option grant size: 106,393 shares Exercise price: $0.9600 per share Derivative holdings after grant: 106,393 derivative securities +1 more

4 metrics

Option grant size 106,393 shares Underlying Class A common stock in new option award

Exercise price $0.9600 per share Conversion or exercise price of stock option

Derivative holdings after grant 106,393 derivative securities Total options held following transaction

Option expiration date June 11, 2036 Expiration of stock option grant

Key Terms

Stock Option (Right to Buy), Non-Employee Director Compensation Program, exercise price, vesting

4 terms

Stock Option (Right to Buy) financial

"security_title: Stock Option (Right to Buy)"

Non-Employee Director Compensation Program financial

"This option was granted automatically under the Issuer's Non-Employee Director Compensation Program"

exercise price financial

"conversion_or_exercise_price: 0.9600"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

vesting financial

"vests and becomes exercisable on the earlier of (i) the day immediately preceding the date of the Issuer's first annual meeting"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

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Form 4 Insider Transactions: What Each Field Means →

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Makes Brigid

(Last) (First) (Middle)

C/O ELUTIA INC.

20 FIRSTFIELD ROAD

(Street)

GAITHERSBURG MARYLAND 20878

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/11/2026

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

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

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

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

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
Stock Option (Right to Buy)	$0.96	06/11/2026		A		106,393		(1)	06/11/2036	Class A Common Stock	106,393	$0	106,393	D

Explanation of Responses:

1. This option was granted automatically under the Issuer's Non-Employee Director Compensation Program and vests and becomes exercisable on the earlier of (i) the day immediately preceding the date of the Issuer's first annual meeting following the date of grant and (ii) the first anniversary of the date of grant, subject to the Reporting Person's continuing in service on the Issuer's board of directors through the applicable vesting date.

	/s/ Jeffrey Hamet, Attorney-in-Fact for Brigid Makes	06/15/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Brigid Makes report in this Form 4 for ELUT?

Brigid Makes reported a grant of stock options for 106,393 shares of Elutia Class A common stock. The award is part of the Non-Employee Director Compensation Program and represents a compensation grant, not an open-market purchase of shares.

What is the exercise price of Brigid Makes’ Elutia stock options?

The stock options granted to Brigid Makes have an exercise price of $0.9600 per share. This means she can buy Elutia Class A common stock at that price once the options vest and become exercisable under the program’s terms.

When do Brigid Makes’ Elutia stock options vest and become exercisable?

The options vest and become exercisable on the earlier of the day immediately preceding Elutia’s first annual meeting following the grant date or the first anniversary of the grant date, provided Brigid Makes continues serving on the board through that date.

How many Elutia shares are covered by the new stock option grant?

The new stock option grant covers 106,393 underlying shares of Elutia Class A common stock. Following this grant, Brigid Makes is reported as holding 106,393 derivative securities represented by this option award directly.

Is Brigid Makes buying or selling Elutia stock in the market?

This Form 4 shows a grant of stock options, not an open-market stock trade. The transaction is labeled as a grant or award acquisition under the company’s director compensation program, rather than a purchase or sale on an exchange.

When do Brigid Makes’ Elutia stock options expire?

The reported stock options expire on June 11, 2036. After that expiration date, any unexercised portion of the option will no longer be exercisable, so the long-dated term provides a lengthy potential exercise window once vested.