Elauwit director granted 5,435 RSUs

Elauwit Connection, Inc. director Shannon Roger reported new equity compensation in the form of restricted stock units (RSUs).

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Rhea-AI Filing Summary

Elauwit Connection, Inc. director Shannon Roger reported new equity compensation in the form of restricted stock units (RSUs). On June 18, 2026, the director received 5,435 RSUs that convert into common stock on a one-for-one basis and, under the company’s 2025 Stock Incentive Plan, vest on the first anniversary of the grant date. Separate RSUs covering 1,693 underlying shares are also reported and are scheduled to vest on April 2, 2027, reinforcing that these are time-based awards rather than open-market share purchases or sales.

Insider Trade Summary

Grant/Award: 5,435 shares

Grant/Award 2 txns

Insider Shannon Roger D

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	5,435	$0.00	$0.00
holding	Restricted Stock Units	--	--	--

Holdings After Transaction: Restricted Stock Units — 7,128 contracts for 1,693 underlying shares (Direct)

Footnotes (2)

F1. 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.
F2. These restricted stock units, which convert into common stock on a one-for-one basis, vest on April 2, 2027, except as otherwise provided in the award notice.

Key Figures

New RSU grant: 5,435 restricted stock units Existing RSUs: 1,693 underlying shares Conversion ratio: 1 RSU per 1 common share +1 more

4 metrics

New RSU grant 5,435 restricted stock units Granted June 18, 2026 under 2025 Stock Incentive Plan

Existing RSUs 1,693 underlying shares RSUs scheduled to vest April 2, 2027

Conversion ratio 1 RSU per 1 common share Both RSU awards convert one-for-one into common stock

Exercise price $0.00 per unit RSUs have a stated exercise/conversion price of 0.0000

Key Terms

Restricted Stock Units, Rule 16b-3, 2025 Stock Incentive Plan, vest

4 terms

Restricted Stock Units financial

"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"

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.

Rule 16b-3 regulatory

"were granted under the Elauwit Connection, Inc. 2025 Stock Incentive Plan 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.

2025 Stock Incentive Plan financial

"were granted under the Elauwit Connection, Inc. 2025 Stock Incentive Plan in a transaction exempt under Rule 16b-3"

vest financial

"vest on the first anniversary of the date of grant"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Elauwit Connection (ELWT) report for Shannon Roger?

Elauwit Connection reported that director Shannon Roger received 5,435 restricted stock units as an equity award. These RSUs are a form of stock-based compensation and convert into common shares on a one-for-one basis, rather than reflecting an open-market stock purchase or sale.

How many restricted stock units did the Elauwit (ELWT) director receive?

The director received 5,435 restricted stock units in this transaction. Each unit represents the right to receive one share of Elauwit Connection common stock, subject to vesting conditions described in the company’s 2025 Stock Incentive Plan and the related award notice.

When do Shannon Roger’s new Elauwit (ELWT) RSUs vest?

The newly granted restricted stock units vest on the first anniversary of the grant date. This time-based vesting means the director must remain eligible through that one-year period before the RSUs convert into Elauwit Connection common shares under the award’s terms.

What other Elauwit (ELWT) RSU holdings are disclosed in this Form 4?

In addition to the new 5,435 RSUs, the filing shows RSUs linked to 1,693 underlying common shares. These existing units are scheduled to vest on April 2, 2027, indicating a separate equity award with its own vesting schedule and conditions.

Are the Elauwit (ELWT) restricted stock units an open-market stock purchase?

No, the restricted stock units are an equity award granted under Elauwit Connection’s 2025 Stock Incentive Plan. They are compensation that converts into common stock on a one-for-one basis upon vesting, rather than shares bought or sold on the open market for cash.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/22/2026 - 04:49 PM EDT

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^*

Shannon Roger D

(Last)

(First)

(Middle)

C/O ELAUWIT CONNECTION, INC.

1021 SECOND AVE, SUITE A

(Street)

COLUMBIA

SOUTH CAROLINA

29209

(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)
06/18/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	$0⁽¹⁾	06/18/2026		A		5,435		⁽¹⁾	⁽¹⁾	Common Stock	5,435	$0	5,435	D
Restricted Stock Units	$0⁽²⁾							⁽²⁾	⁽²⁾	Common Stock	1,693		1,693	D

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.

2. These restricted stock units, which convert into common stock on a one-for-one basis, vest on April 2, 2027, except as otherwise provided in the award notice.

	/s/ Barry R. Rubens, Attorney-in-Fact for Roger D. Shannon	06/22/2026
	** 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)

Source: View Original Filing on SEC EDGAR