Elauwit director awarded 1,693 RSUs
O'Brien David J. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
O'Brien David J. reported acquisition or exercise transactions in this Form 4 filing.
Elauwit Connection, Inc. director David J. O'Brien received a grant of 1,693 restricted stock units, each convertible into one share of common stock, at a price of $0.00 per unit. The award was made under the Elauwit Connection, Inc. 2025 Stock Incentive Plan in a transaction exempt under Rule 16b-3 and, unless otherwise specified in the award notice, vests on the first anniversary of the grant date.
After this grant, O'Brien directly holds 1,693 restricted stock units. The filing also records indirect holdings of Elauwit common stock by entities associated with him: 213,001 shares held by Cara Capital, LLC and 62,169 shares held by Cara Capital VC 1, LLC.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,693 shares
Grant/Award
3 txns
Insider
O'Brien David J.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,693 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,693 contracts (Direct);
Common Stock — 213,001 shares (Indirect, By Cara Capital, LLC);
Common Stock — 62,169 shares (Indirect, By Cara Capital VC 1, LLC)
Footnotes (3)
- F1. David O'Brien is the managing director of Cara Capital, LLC.
- F2. David O'Brien is the managing director of Cara Capital VC 1, LLC.
- F3. 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
RSU grant size: 1,693 RSUs
Underlying common shares: 1,693 shares
Indirect holding via Cara Capital, LLC: 213,001 shares
+1 more
4 metrics
RSU grant size
1,693 RSUs
Restricted stock units granted to director on 2026-04-02
Underlying common shares
1,693 shares
Common stock issuable on one-for-one RSU conversion
Indirect holding via Cara Capital, LLC
213,001 shares
Elauwit common stock held by Cara Capital, LLC
Indirect holding via Cara Capital VC 1, LLC
62,169 shares
Elauwit common stock held by Cara Capital VC 1, LLC
Key Terms
Restricted Stock Units, Rule 16b-3, 2025 Stock Incentive Plan, managing director, +1 more
5 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"
managing director other
"David O'Brien is the managing director of Cara Capital, LLC."
indirect ownership financial
"Common Stock held indirectly by Cara Capital, LLC and Cara Capital VC 1, LLC"
FAQ
What did Elauwit Connection (ELWT) director David O'Brien report in this Form 4?
David O'Brien reported receiving 1,693 restricted stock units that convert into common stock on a one-for-one basis. The filing also lists his indirect holdings of Elauwit common stock through Cara Capital, LLC and Cara Capital VC 1, LLC.
How large is the restricted stock unit grant reported by ELWT director David O'Brien?
The grant totals 1,693 restricted stock units, each exchangeable for one share of Elauwit common stock. These units were awarded at an exercise price of $0.00, reflecting a compensation grant rather than an open-market purchase.
When do David O'Brien’s ELWT restricted stock units vest?
The 1,693 restricted stock units generally vest on the first anniversary of the grant date, except as otherwise provided in the award notice. Vesting means the units become earned and eligible to settle into Elauwit common stock.
Under what plan were the ELWT restricted stock units granted to David O'Brien?
The restricted stock units were granted under the Elauwit Connection, Inc. 2025 Stock Incentive Plan. The transaction is described as exempt under Rule 16b-3, which typically governs insider compensation-related equity awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.
