Elauwit Connection, Inc. (ELWT) CEO Barry Rubens reports stock purchase

Rhea-AI Filing Summary

Elauwit Connection, Inc. insider Barry R. Rubens, who is a director, chief executive officer and a 10% owner, reported buying 2,500 shares of common stock on 12/11/2025 at a weighted average price of $6.59 per share. The shares were purchased in multiple trades at prices ranging from $6.43 to $6.6996. After this transaction, he directly owns 2,500 shares and has indirect beneficial ownership of 673,396 shares through Steele Creek Partners LLC, where he serves as managing member.

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

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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^*

RUBENS BARRY R

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
12/11/2025

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
Common Stock	12/11/2025		P		2,500	A	$6.59(1)	2,500	D
Common Stock								673,396	I	By Steele Creek Partners LLC(2)

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

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $6.43 to $6.6996, inclusive. The reporting person undertakes to provide to Elauwit Connection, Inc., any security holder of Elauwit Connection, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.

2. Mr. Rubens is the managing member of Steele Creek Partners LLC.

	/s/ Sean Arnette, Attorney-in-Fact for Barry R. Rubens	12/16/2025
	** 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.
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FAQ

What insider transaction did Elauwit Connection, Inc. (ELWT) report for Barry R. Rubens?

Barry R. Rubens reported buying 2,500 shares of Elauwit Connection, Inc. common stock on 12/11/2025 at a weighted average price of $6.59 per share.

At what prices did Barry R. Rubens buy ELWT shares?

The 2,500 shares were purchased in multiple transactions at prices ranging from $6.43 to $6.6996 per share, resulting in a weighted average price of $6.59.

What is Barry R. Rubens’ role at Elauwit Connection, Inc. (ELWT)?

Barry R. Rubens is a director, chief executive officer, and a 10% owner of Elauwit Connection, Inc.

How many Elauwit Connection, Inc. (ELWT) shares does Barry R. Rubens own after the transaction?

After the reported purchase, Barry R. Rubens directly owns 2,500 shares of common stock and has indirect beneficial ownership of 673,396 shares through Steele Creek Partners LLC.

What is the relationship between Barry R. Rubens and Steele Creek Partners LLC?

Barry R. Rubens is the managing member of Steele Creek Partners LLC, which holds 673,396 Elauwit Connection, Inc. shares that he reports as indirectly beneficially owned.

Was the ELWT share purchase reported as a purchase or sale transaction?

The transaction code is P, indicating an open market or private purchase of Elauwit Connection, Inc. common stock.