592 RSUs awarded to Elauwit (ELWT) COO Richard M. Alder

Rhea-AI Filing Summary

Elauwit Connection, Inc. (ELWT) Chief Operations Officer Richard M. Alder received a grant of 592 restricted stock units on January 28, 2026. The units were granted at a price of $0 under the Elauwit Connection, Inc. 2025 Stock Incentive Plan in a transaction exempt under Rule 16b-3.

These restricted stock units convert into common stock on a one-for-one basis and, except as otherwise provided in the award agreement, vest on the first anniversary of the grant date. Following this award, Alder beneficially owns 592 derivative securities, held directly.

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

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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^*

Alder Richard M.

(Last) (First) (Middle)

C/O ELAUWIT CONNECTION, INC.

1700 ALTA VISTA DRIVE, SUITE 130

(Street)

COLUMBIA SC 29223

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Elauwit Connection, Inc. [ ELWT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Operations Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/28/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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

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(1)	01/28/2026		A		592		(1)	(1)	Common Stock	592	$0	592	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 agreement, vest on the first anniversary of the grant date.

	/s/ Sean Arnette, Attorney-in-Fact for Richard M. Alder	02/05/2026
	** 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).
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FAQ

What insider transaction did Elauwit Connection (ELWT) report for Richard M. Alder?

Elauwit Connection reported a stock-based compensation grant to its COO. On January 28, 2026, Richard M. Alder received 592 restricted stock units at a price of $0 under the company’s 2025 Stock Incentive Plan, classified as an acquisition of derivative securities.

How many restricted stock units were granted to the Elauwit (ELWT) COO and at what price?

Richard M. Alder was granted 592 restricted stock units at $0 per unit. The Form 4 shows an acquisition of 592 derivative securities, with each restricted stock unit convertible into one share of Elauwit Connection, Inc. common stock on a one-for-one basis.

When do Richard Alder’s Elauwit (ELWT) restricted stock units vest?

The restricted stock units generally vest one year after the grant date. According to the footnote, the 592 units granted on January 28, 2026, vest on the first anniversary of the grant date, except as otherwise provided in the applicable award agreement.

Under which plan were the Elauwit (ELWT) COO’s restricted stock units granted?

The grant was made under the Elauwit Connection, Inc. 2025 Stock Incentive Plan. The filing states that the 592 restricted stock units were issued pursuant to this plan in a transaction exempt under Rule 16b-3, providing equity-based compensation to the Chief Operations Officer.

How many derivative securities does the Elauwit (ELWT) COO own after this transaction?

After the grant, Richard M. Alder beneficially owns 592 derivative securities. The Form 4 reports 592 restricted stock units held directly following the reported transaction, each representing the right to receive one share of Elauwit Connection, Inc. common stock upon settlement.

Is the Elauwit (ELWT) COO’s restricted stock unit grant exempt from short-swing profit rules?

The grant is described as exempt under Rule 16b-3. The footnote specifies that these restricted stock units were granted in a transaction exempt under Rule 16b-3, which generally covers certain board-approved equity compensation awards to officers and directors.