Insider Kevin Rakin boosts Elutia (ELUT) stake with 70,000-share buy
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Elutia Inc. insider Kevin L. Rakin and affiliated HighCape entities reported recent share activity in Elutia Class A Common Stock. On January 30, 2026, a reporting person purchased 70,000 shares at a weighted average price of $1.06 per share, with individual trade prices ranging from $1.05 to $1.08. Following this purchase, 196,120 shares were held directly. The filing also reports 322,419 shares held indirectly by trusts and 4,706,559 shares indirectly held through HighCape-related entities, which may be deemed beneficially owned as described in the footnotes, subject to customary beneficial ownership disclaimers.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 70,000 shares ($74,200)
Net Buy
3 txns
Insider
RAKIN KEVIN, HighCape Partners GP II, LLC, HighCape Partners GP II, L.P., HighCape Partners QP II, L.P.
Role
Director, 10% Owner | 10% Owner | 10% Owner | 10% Owner
Bought
70,000 shs ($74K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock | 70,000 | $1.06 | $74K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 196,120 shares (Direct);
Class A Common Stock — 322,419 shares (Indirect, By trusts)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.05 to $1.08. 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. Includes: (i) 4,562,431 shares of Class A Common Stock held of record by HighCape Partners QP II, L.P.; and (ii) 144,128 shares owned by other HighCape entities that are not reporting persons hereunder, but over whom Mr. Rakin may be deemed to exercise beneficial ownership in his capacity as managing member of the general partner of such entity or as managing member of the general partner of the general partner of such entity. Mr. Rakin is the managing member of HighCape Partners GP II, LLC, which is the general partner of HighCape Partners GP II, L.P., which is the general partner of HighCape Partners QP II, L.P. and another HighCape entity that owns shares of record but is not a reporting person hereunder. In addition, Mr. Rakin is a managing member of the general partner of another HighCape entity that owns shares of record but is not a reporting person hereunder. Mr. Rakin, HighCape Partners GP II, LLC and HighCape Partners GP II, L.P. may be deemed to beneficially own the securities held by HighCape Partners QP II, L.P. and the other entity for which HighCape Partners GP II, L.P. serves as general partner. Additionally, Mr. Rakin may be deemed to beneficially own the securities held by another HighCape entity by virtue of his serving as managing member of such entity's general partner. Each of the reporting persons disclaims beneficial ownership of the securities held by the other reporting persons and the non-reporting persons referred to herein except to the extent of each reporting person's pecuniary interest therein, if any.
FAQ
What insider transaction did Kevin Rakin report for Elutia (ELUT)?
Kevin L. Rakin reported buying 70,000 Elutia Class A Common shares on January 30, 2026 at a weighted average price of $1.06. The shares were purchased in multiple trades between $1.05 and $1.08, increasing his directly held position reported in the filing.
What indirect Elutia (ELUT) holdings are reported through trusts and entities?
The Form 4 reports 322,419 Elutia shares held indirectly by trusts and 4,706,559 shares indirectly through HighCape-related entities. Footnotes explain that certain entities hold shares of record, which may be deemed beneficially owned, subject to each reporting person’s pecuniary interest and stated disclaimers.
Which HighCape entities are involved in the Elutia (ELUT) Form 4 filing?
The transaction is jointly reported by HighCape Partners GP II, LLC, HighCape Partners GP II, L.P., HighCape Partners QP II, L.P., and Kevin L. Rakin. Footnotes describe how these entities are related as general partners and managing members with respect to Elutia shareholdings.