Elauwit Connection (ELWT) director receives 1,693 restricted stock units as equity award

Rhea-AI Filing Summary

Elauwit Connection, Inc. director Shannon Roger D received a grant of 1,693 restricted stock units. These RSUs were awarded at no cash cost and will convert into 1,693 shares of common stock on a one-for-one basis once they vest. The grant was made under the Elauwit Connection, Inc. 2025 Stock Incentive Plan in a transaction exempt under Rule 16b-3. Except as otherwise provided in the award notice, the RSUs vest on the first anniversary of the grant date, and following this grant the director holds 1,693 RSUs directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Shannon Roger D

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	1,693	$0.00	--

Holdings After Transaction: Restricted Stock Units — 1,693 shares (Direct)

Footnotes (1)

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Key Figures

RSUs granted: 1,693 units Grant price: $0.00 per unit RSUs after transaction: 1,693 units +3 more

6 metrics

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

Grant price $0.00 per unit Equity award with no cash exercise price

RSUs after transaction 1,693 units Total RSUs held following grant

Underlying common shares 1,693 shares One-for-one conversion of RSUs into common stock

Vesting schedule First anniversary RSUs vest on first anniversary of grant date, subject to award notice

Rule 16b-3 status Exempt transaction Grant made under 2025 Stock Incentive Plan, exempt under Rule 16b-3

Key Terms

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

4 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.

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.

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.

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^*

Shannon Roger D

(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

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)	04/02/2026		A		1,693		(1)	(1)	Common Stock	1,693	$0	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.

	/s/ Barry R. Rubens, Attorney-in-Fact for Roger D. Shannon	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 insider transaction did ELWT director Shannon Roger D report?

Director Shannon Roger D reported receiving a grant of 1,693 restricted stock units. The award represents equity compensation, not an open-market stock purchase or sale, and is structured to convert into common shares once vesting conditions are satisfied under the company’s 2025 Stock Incentive Plan.

How many Elauwit Connection (ELWT) RSUs were granted in this Form 4?

The filing shows a grant of 1,693 restricted stock units. Each unit represents a right to receive one share of Elauwit Connection common stock, subject to vesting conditions described in the award and the company’s 2025 Stock Incentive Plan documentation.

When do the 1,693 ELWT restricted stock units vest?

The 1,693 restricted stock units generally vest on the first anniversary of the grant date. The footnote notes that vesting timing applies except as otherwise provided in the award notice, meaning specific award documents could modify these standard vesting terms for the recipient.

What does it mean that the ELWT RSUs convert one-for-one into common stock?

A one-for-one conversion means each restricted stock unit becomes one share of common stock upon vesting. For this grant, 1,693 RSUs will convert into 1,693 common shares, assuming vesting conditions are met and no adjustments are applied under the plan’s governing terms.

Was the ELWT RSU grant to Shannon Roger D an open-market transaction?

No, the RSU grant was compensation under the 2025 Stock Incentive Plan, not an open-market trade. The transaction is described as a grant or award acquisition and is exempt under Rule 16b-3, which typically covers board-approved equity compensation to insiders.