Alyeska discloses 3.18% Elutia (ELUT) stake in amended 13G

Rhea-AI Filing Summary

Alyeska Investment Group and related parties filed an amended Schedule 13G reporting a 3.18% passive ownership stake in Elutia Inc. Class A common stock. They report beneficial ownership of 1,281,172 shares, consisting of 1,000,000 common shares and 281,172 PIPE shares.

The percentage is based on 42,784,848 Elutia common shares outstanding as referenced from a recent Form 10-Q. The filers certify the position was acquired and is held in the ordinary course of business and not for the purpose of changing or influencing control of Elutia.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Elutia Inc.

(Name of Issuer)

Class A Common Stock, par value $0.001 per share

(Title of Class of Securities)

05479K106

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 05479K106

1

Names of Reporting Persons

Alyeska Investment Group, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,281,172.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,281,172.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,281,172.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.18 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 05479K106

1

Names of Reporting Persons

Alyeska Fund GP, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,281,172.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,281,172.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,281,172.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.18 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP No. 05479K106

1

Names of Reporting Persons

Anand Parekh

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,281,172.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,281,172.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,281,172.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.18 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Elutia Inc.
(b)	Address of issuer's principal executive offices: 20 Firstfield Road, Gaithersburg, MD 20878
Item 2.
(a)	Name of person filing: (i) Alyeska Investment Group, L.P. (ii) Alyeska Fund GP, LLC (iii) Anand Parekh
(b)	Address or principal business office or, if none, residence: (i) 77 West Wacker Drive, 7th Floor, Chicago, IL 60601 (ii) 77 West Wacker Drive, 7th Floor, Chicago, IL 60601 (iii) 77 West Wacker Drive, 7th Floor, Chicago, IL 60601
(c)	Citizenship: (i) Alyeska Investment Group, L.P. - Delaware (ii) Alyeska Fund GP, LLC - Delaware (iii) Anand Parekh - United States of America
(d)	Title of class of securities: Class A Common Stock, par value $0.001 per share
(e)	CUSIP No.: 05479K106
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,281,172
(b)	Percent of class: 3.18%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 1,281,172
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 1,281,172
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Alyeska Investment Group, L.P.

Signature:	Jason Bragg
Name/Title:	Jason Bragg | Chief Financial Officer
Date:	02/17/2026

Alyeska Fund GP, LLC

Signature:	Jason Bragg
Name/Title:	Jason Bragg | Chief Financial Officer
Date:	02/17/2026

Anand Parekh

Signature:	Anand Parekh
Name/Title:	Anand Parekh | Self
Date:	02/17/2026

Exhibit Information

The reporting persons are the beneficial owners of 1,000,000 shares of Common Stock of the Issuer and 281,172 PIPE shares. The percentage calculation assumes that there are currently 42,784,848 outstanding Common Stock of the Issuer, based on the Issuer's Form 10-Q filed with the Securities and Exchange Commission on November 12, 2025. JOINT FILING STATEMENT PURSUANT TO RULE 13d-1(k) The undersigned acknowledge and agree that the foregoing statement on SCHEDULE 13G/A, is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on SCHEDULE 13G/A, shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.

FAQ

What ownership stake in Elutia (ELUT) is reported in this Schedule 13G/A?

The filing reports that the Alyeska entities and Anand Parekh beneficially own 1,281,172 Elutia Class A common shares, representing 3.18% of the class. This percentage is calculated using 42,784,848 shares outstanding, as disclosed in Elutia’s Form 10-Q.

Who are the reporting persons in the Elutia (ELUT) Schedule 13G/A filing?

The Schedule 13G/A lists three reporting persons: Alyeska Investment Group, L.P., Alyeska Fund GP, LLC, and Anand Parekh. Each reports beneficial ownership of the same 1,281,172 Elutia shares, with shared voting and dispositive power and no sole voting or dispositive authority.

How is the 3.18% Elutia (ELUT) ownership by Alyeska calculated?

The filers state they own 1,281,172 Elutia shares, including 1,000,000 common shares and 281,172 PIPE shares. They calculate the 3.18% ownership using a total of 42,784,848 Elutia common shares outstanding, as reported in Elutia’s November 12, 2025 Form 10-Q.

Is the Alyeska stake in Elutia (ELUT) reported as passive or for control purposes?

The filing certifies the Elutia securities were acquired and are held in the ordinary course of business. It explicitly states they were not acquired and are not held for changing or influencing control of Elutia, consistent with a passive investment under Schedule 13G.

What voting and dispositive powers over Elutia (ELUT) shares are reported?

The reporting persons disclose no sole voting or dispositive power over Elutia shares. They report shared voting power for 1,281,172 shares and shared dispositive power for 1,281,172 shares, indicating joint authority over voting and sale decisions for this position.

Does this Elutia (ELUT) Schedule 13G/A indicate ownership above 5% of the class?

No. The filing shows beneficial ownership of 3.18% of Elutia’s Class A common stock, which is less than 5% of the outstanding shares. The document includes an item specifically indicating ownership of 5 percent or less of the class.