Elutia (ELUT) grants director Kevin Rakin 159,590 stock options

Rhea-AI Filing Summary

Elutia Inc. director and ten percent owner Kevin Rakin reported receiving a grant of stock options covering 159,590 shares of Class A Common Stock at an exercise price of $0.96 per share. The options vest on the earlier of the day before the first annual meeting after grant or the first anniversary, subject to his continued board service, and expire on June 11, 2036. Following this award, he holds 159,590 derivative securities directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider RAKIN KEVIN

Role null

Type	Security	Shares	Price	Value
Grant/Award	Stock Option (Right to Buy)	159,590	$0.00	--

Holdings After Transaction: Stock Option (Right to Buy) — 159,590 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Option grant size: 159,590 options Exercise price: $0.96 per share Expiration date: June 11, 2036 +2 more

5 metrics

Option grant size 159,590 options Stock Option (Right to Buy) granted to Kevin Rakin

Exercise price $0.96 per share Conversion or exercise price for the stock options

Expiration date June 11, 2036 Option term end date

Underlying shares 159,590 shares Class A Common Stock underlying the option grant

Holdings after grant 159,590 derivative securities Total options following the reported transaction

Key Terms

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

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"

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.

vests and becomes exercisable financial

"and vests and becomes exercisable on the earlier of (i) the day immediately preceding"

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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^*

RAKIN KEVIN

(Last) (First) (Middle)

36 CHURCH LANE

(Street)

WESTPORT CONNECTICUT 06880

(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	X	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		159,590		(1)	06/11/2036	Class A Common Stock	159,590	$0	159,590	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 Kevin L. Rakin	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 Kevin Rakin report in this Form 4?

Kevin Rakin reported receiving a stock option grant for 159,590 shares of Elutia Class A Common Stock. The options were issued as part of the Non-Employee Director Compensation Program and are held directly as derivative securities following the award.

How many Elutia (ELUT) stock options were granted to Kevin Rakin and at what price?

Kevin Rakin was granted options to acquire 159,590 shares of Elutia Class A Common Stock at an exercise price of $0.96 per share. These options provide the right to buy shares at that fixed price until their stated expiration date.

When do Kevin Rakin’s newly granted Elutia (ELUT) options vest?

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. Vesting is conditioned on Rakin continuing to serve on Elutia’s board until that vesting date.

When do Kevin Rakin’s Elutia (ELUT) stock options expire?

The stock options granted to Kevin Rakin expire on June 11, 2036. After that expiration date, any unexercised options will no longer be usable to purchase Elutia Class A Common Stock at the specified $0.96 exercise price.

Is Kevin Rakin’s Elutia (ELUT) Form 4 transaction a purchase or a grant?

The Form 4 reflects a grant or award acquisition of stock options, not an open-market purchase. The transaction is coded “A” for a grant under Elutia’s Non-Employee Director Compensation Program and carries an exercise price of $0.96 per share.

How many Elutia (ELUT) derivative securities does Kevin Rakin hold after this grant?

After the reported grant, Kevin Rakin holds 159,590 derivative securities in the form of stock options. This figure reflects his total options following the transaction, according to the Form 4’s “total shares following transaction” disclosure for the derivative security.