Director Guido Neels buys 20,000 Elutia (ELUT) shares in open-market trade

Rhea-AI Filing Summary

Elutia Inc. director Guido J. Neels reported an open-market purchase of Class A common stock. On January 30, 2026, he bought 20,000 shares of Elutia at a weighted average price of $1.04 per share, with individual trade prices ranging from $1.03 to $1.07. Following this transaction, he beneficially owned 118,750 shares of Elutia Class A common stock held directly.

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^*

NEELS GUIDO J

(Last) (First) (Middle)

20 FIRSTFIELD ROAD

(Street)

GAITHERSBURG MD 20878

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
01/30/2026

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
Class A Common Stock	01/30/2026		P		20,000	A	$1.04(1)	118,750	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

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.03 to $1.07. The reporting person undertakes to provide Elutia Inc. ( the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

	/s/ Jeffrey Hamet, Attorney-in-Fact for Guido Neels	02/02/2026
	** 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.

FAQ

What insider transaction did Elutia Inc. (ELUT) disclose for Guido J. Neels?

Elutia Inc. reported that director Guido J. Neels purchased 20,000 shares of Class A common stock. The transaction occurred on January 30, 2026, as an open-market buy, and increased his directly held beneficial ownership to 118,750 shares after the purchase.

At what prices did Guido J. Neels buy Elutia (ELUT) shares?

The filing shows a weighted average purchase price of $1.04 per Elutia share. Individual trades were executed in multiple transactions at prices ranging from $1.03 to $1.07, as described in the footnote explaining the reported transaction pricing.

How many Elutia (ELUT) shares does Guido J. Neels own after this Form 4 trade?

After the reported Form 4 transaction, Guido J. Neels beneficially owns 118,750 shares of Elutia Class A common stock. The filing identifies this ownership as direct, reflecting the updated total following the 20,000-share open-market purchase on January 30, 2026.

Was the Elutia (ELUT) Form 4 transaction a purchase or a sale?

The Form 4 shows a purchase transaction, coded “P,” for Elutia Class A common stock. Director Guido J. Neels acquired 20,000 shares in the open market on January 30, 2026, at a weighted average price of $1.04 per share, increasing his direct holdings.

How is the transaction price reported in the Elutia (ELUT) Form 4 footnote?

The Form 4 explains that the $1.04 price is a weighted average across multiple trades. Shares were bought in separate transactions between $1.03 and $1.07, and the reporting person offers to provide detailed trade-by-trade pricing information upon request to the company, shareholders, or regulators.

What role does Guido J. Neels hold at Elutia Inc. (ELUT) in this Form 4?

The filing identifies Guido J. Neels as a director of Elutia Inc. He is not listed as an officer or 10% owner. The reported Form 4 transaction reflects his personal open-market purchase of Class A common stock and the resulting directly held beneficial ownership position.