Elauwit Connection (ELWT) director awarded 1,693 RSUs and reports indirect holdings

Rhea-AI Filing Summary

Elauwit Connection, Inc. director Leslie E. Goodman received a grant of 1,693 restricted stock units (RSUs) on common stock. The RSUs were awarded at a price of $0.00 per unit under the Elauwit Connection, Inc. 2025 Stock Incentive Plan and will generally vest on the first anniversary of the grant date, after which they convert into common shares on a one-for-one basis. Following this award, Goodman directly holds 1,693 RSUs and is also reported with indirect ownership of 103,760 common shares through Goodman Family Holdings, LLC, while disclaiming beneficial ownership of those indirect shares except to the extent of his pecuniary interest.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider GOODMAN LESLIE E

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 — 103,760 shares (Indirect, By Goodman Family Holdings, LLC)

Footnotes (1)

1. Mr. Goodman disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. 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.

Key Figures

RSUs granted: 1,693 units Grant price per RSU: $0.00 RSUs after transaction: 1,693 units +2 more

5 metrics

RSUs granted 1,693 units Restricted Stock Units granted on 2026-04-02

Grant price per RSU $0.00 Equity award under 2025 Stock Incentive Plan

RSUs after transaction 1,693 units Total direct RSU holdings following grant

Indirect common shares 103,760 shares Held by Goodman Family Holdings, LLC

Vesting period One year RSUs vest on first anniversary of grant

Key Terms

Restricted Stock Units, pecuniary interest, 2025 Stock Incentive Plan, Rule 16b-3, +1 more

5 terms

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.

pecuniary interest financial

"disclaims beneficial ownership of these shares except to the extent of his pecuniary interest"

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.

indirect ownership financial

"Common Stock ... indirect ... By Goodman Family Holdings, LLC"

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^*

GOODMAN LESLIE E

(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)

X	Director		10% 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)

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
Common Stock								103,760	I	By Goodman Family Holdings, LLC(1)

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
Restricted Stock Units	$0(2)	04/02/2026		A		1,693		(2)	(2)	Common Stock	1,693	$0	1,693	D

Explanation of Responses:

1. Mr. Goodman disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.

2. 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 Leslie E. Goodman	04/06/2026
	** 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 Leslie E. Goodman acquire in this Form 4 for ELWT?

Leslie E. Goodman was granted 1,693 restricted stock units (RSUs) tied to Elauwit Connection, Inc. common stock. These RSUs were granted at $0.00 per unit as equity compensation and will convert into common shares when they vest under the company’s stock plan.

When do Leslie E. Goodman’s new ELWT restricted stock units vest?

The 1,693 RSUs granted to Leslie E. Goodman generally vest on the first anniversary of the grant date. Once vested, they convert into common stock on a one-for-one basis, increasing his direct equity holdings in Elauwit Connection, Inc. over time.

How many ELWT shares does Leslie E. Goodman hold directly and indirectly?

After the reported grant, Leslie E. Goodman directly holds 1,693 RSUs. The filing also reports 103,760 common shares held indirectly through Goodman Family Holdings, LLC, for which he disclaims beneficial ownership except for his pecuniary interest.

What plan governs the RSU grant to Leslie E. Goodman at Elauwit Connection (ELWT)?

The 1,693 restricted stock units were granted under the Elauwit Connection, Inc. 2025 Stock Incentive Plan. This plan provides for equity-based awards, and the RSUs convert into common stock on a one-for-one basis once the vesting conditions are satisfied.

Does the Form 4 for ELWT show any open-market buying or selling by Leslie E. Goodman?

The Form 4 shows an equity grant of 1,693 RSUs to Leslie E. Goodman, not an open-market purchase or sale. It also lists an indirect holding of 103,760 common shares via Goodman Family Holdings, LLC with a disclaimer of beneficial ownership.