Elutia (NASDAQ: ELUT) director awarded 106K stock options as compensation

Rhea-AI Filing Summary

ELUTIA INC. director David Colpman received a grant of stock options covering 106,393 shares of Class A Common Stock at an exercise price of $0.96 per share. The grant is compensation, not an open-market trade, and was awarded at no cost to him.

These 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 he continues serving on the board through the vesting date. The options expire on June 11, 2036.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Colpman David

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: $0.96/share Expiration date: June 11, 2036 +2 more

5 metrics

Option grant size 106,393 shares Stock Option (Right to Buy) granted to director

Exercise price $0.96/share Conversion or exercise price for stock options

Expiration date June 11, 2036 Option expiration for director grant

Shares underlying options 106,393 shares Class A Common Stock underlying grant

Total derivative holdings after grant 106,393 options Total options owned following this transaction

Key Terms

Stock Option (Right to Buy), Class A Common Stock, Non-Employee Director Compensation Program, vests and becomes exercisable

4 terms

Stock Option (Right to Buy) financial

"security_title: Stock Option (Right to Buy)"

Class A Common Stock financial

"underlying_security_title: Class A Common Stock"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

Non-Employee Director Compensation Program financial

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

vests and becomes exercisable financial

"This option was granted automatically ... and vests and becomes exercisable on the earlier of"

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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^*

Colpman David

(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 David Colpman	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 Elutia (ELUT) director David Colpman report on this Form 4?

Director David Colpman reported receiving a grant of stock options for 106,393 shares of Elutia Class A Common Stock. The options were granted as director compensation and are not an open-market purchase or sale of existing shares.

How many Elutia (ELUT) shares are covered by Colpman’s new stock options?

The grant covers stock options on 106,393 shares of Elutia Class A Common Stock. These are potential future shares that Colpman may buy by exercising the options if they vest and become exercisable.

What is the exercise price of David Colpman’s Elutia (ELUT) stock options?

The stock options have an exercise price of $0.96 per share. This means Colpman can buy Elutia Class A Common Stock at $0.96 per share once the options vest and he chooses to exercise them before expiration.

When do David Colpman’s Elutia (ELUT) stock options vest?

The options vest on the earlier of the day immediately before Elutia’s first annual meeting after the grant date or the first anniversary of the grant date. Vesting requires Colpman to continue serving on the board through that vesting date.

When do the Elutia (ELUT) stock options granted to Colpman expire?

The options expire on June 11, 2036. After this expiration date, any unexercised options become worthless, so Colpman must exercise vested options before that date if he chooses to purchase the underlying shares.

Is Colpman’s Elutia (ELUT) Form 4 transaction a stock purchase or sale?

The Form 4 reports a grant of stock options as compensation, not a market purchase or sale. No open-market buying or selling of Elutia shares occurred in this transaction; it records an award of derivative securities.