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Director at Elauwit (ELWT) receives 1,693 restricted stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Elauwit Connection, Inc. director Basolis Elbert G Jr received a grant of 1,693 restricted stock units that convert into common stock on a one-for-one basis. The award was granted under the Elauwit Connection, Inc. 2025 Stock Incentive Plan and, except as otherwise provided in the award notice, vests on the first anniversary of the grant date. After these updates, he directly holds 170,471 shares of common stock and 1,693 restricted stock units.

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Insider BASOLIS ELBERT G JR
Role Director
Type Security Shares Price Value
Grant/Award Restricted Stock Units 1,693 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 1,693 shares (Direct); Common Stock — 170,471 shares (Direct)
Footnotes (1)
  1. [object Object]
Restricted stock units granted 1,693 units Equity award on April 2, 2026
RSU conversion ratio 1:1 into common stock Grant under 2025 Stock Incentive Plan
Common shares held after 170,471 shares Direct ownership after reported transactions
RSUs held after 1,693 units Unvested units following the grant
RSU grant price $0.00 per unit Compensation award, not market purchase
Restricted Stock Units financial
"These restricted stock units, which convert into common stock on a one-for-one basis"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2025 Stock Incentive Plan financial
"were granted under the Elauwit Connection, Inc. 2025 Stock Incentive Plan"
Rule 16b-3 regulatory
"in a transaction exempt under Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
BASOLIS ELBERT G JR
(Last)(First)(Middle)
C/O ELAUWIT CONNECTION, INC.
1700 ALTA VISTA DRIVE, SUITE 130
(Street)
COLUMBIA SOUTH CAROLINA 29223
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Elauwit Connection, Inc. [ ELWT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/02/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock170,471D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units$0(1)04/02/2026A1,693 (1) (1)Common Stock1,693$01,693D
Explanation of Responses:
1. These restricted stock units, which convert into common stock on a one-for-one basis, were granted under the Elauwit Connection, Inc. 2025 Stock Incentive Plan in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award notice, vest on the first anniversary of the date of grant.
/s/ Barry R. Rubens, Attorney-in-Fact for Elbert G. Basolis, Jr.04/06/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What did director Basolis Elbert G Jr receive in this Elauwit (ELWT) Form 4?

He received a grant of 1,693 restricted stock units as equity compensation. These units convert into common stock on a one-for-one basis and were issued under the 2025 Stock Incentive Plan, rather than being bought in the open market.

How do the new restricted stock units for Elauwit (ELWT) vest and convert?

The 1,693 restricted stock units vest on the first anniversary of the grant date, unless otherwise specified in the award notice. Once vested, each unit converts into one share of Elauwit Connection, Inc. common stock, providing additional equity to the director.

Is the Elauwit (ELWT) restricted stock unit grant a market purchase or a compensation award?

It is a compensation award, not a market purchase. The Form 4 classifies the transaction with code A as a grant or award acquisition, with a price of $0.00 per unit, granted under the company’s 2025 Stock Incentive Plan and exempt under Rule 16b-3.

How many Elauwit (ELWT) shares does the director hold after this Form 4?

Following the reported transactions, the director directly holds 170,471 shares of Elauwit Connection, Inc. common stock. In addition, he holds 1,693 restricted stock units that will convert into common shares upon vesting, increasing his potential equity stake.

Under what plan were the Elauwit (ELWT) restricted stock units granted?

The 1,693 restricted stock units were granted under the Elauwit Connection, Inc. 2025 Stock Incentive Plan. The grant is described as exempt under Rule 16b-3 and provides equity-based compensation that vests after one year from the grant date, absent alternative award terms.