Elauwit director awarded 5,435 RSUs

Elauwit Connection, Inc. director David J. O'Brien received a grant of 5,435 restricted stock units that convert into common stock on a one-for-one basis.

Rhea-AI Filing Summary

Elauwit Connection, Inc. director David J. O'Brien received a grant of 5,435 restricted stock units that convert into common stock on a one-for-one basis. The award was granted under the Elauwit Connection, Inc. 2025 Stock Incentive Plan and, except as otherwise provided in the award notice, vests on the first anniversary of the grant date.

After this grant, O'Brien holds 5,435 restricted stock units directly, in addition to 1,693 previously reported restricted stock units that vest on April 2, 2027. He also has indirect ownership of 62,169 common shares through Cara Capital VC 1, LLC and 213,001 common shares through Cara Capital, LLC, where he is managing director.

Insider Trade Summary

Grant/Award: 5,435 shares

Grant/Award 4 txns

Insider O'Brien David J.

Role Director

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

Holdings After Transaction: Restricted Stock Units — 7,128 contracts for 1,693 underlying shares (Direct); Common Stock — 213,001 shares (Indirect, By Cara Capital, LLC); Common Stock — 62,169 shares (Indirect, By Cara Capital VC 1, LLC)

Footnotes (4)

1. F1. David O'Brien is the managing director of Cara Capital, LLC.
2. F2. David O'Brien is the managing director of Cara Capital VC 1, LLC.
3. 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.
4. F4. 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 Prior RSU holdings: 1,693 restricted stock units Indirect holdings via Cara Capital VC 1, LLC: 62,169 common shares +2 more

5 metrics

New RSU grant 5,435 restricted stock units Granted under 2025 Stock Incentive Plan; one-for-one into common stock

Prior RSU holdings 1,693 restricted stock units Restricted stock units vesting on April 2, 2027

Indirect holdings via Cara Capital VC 1, LLC 62,169 common shares Indirect ownership reported as of transaction date

Indirect holdings via Cara Capital, LLC 213,001 common shares Indirect ownership reported as of transaction date

RSU exercise price <money>$0.0000</money> per unit Conversion or exercise price for reported restricted stock units

Key Terms

Restricted Stock Units, Rule 16b-3, Elauwit Connection, Inc. 2025 Stock Incentive Plan, managing director

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.

Elauwit Connection, Inc. 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 financial

"David O'Brien is the managing director of Cara Capital, LLC."

FAQ

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

What did Elauwit Connection (ELWT) director David O'Brien report on this Form 4?

David O'Brien reported a grant of 5,435 restricted stock units that convert into Elauwit Connection common stock on a one-for-one basis, plus updated holdings of previously granted units and indirectly held common shares through affiliated entities.

How many restricted stock units did David O'Brien receive from Elauwit Connection (ELWT)?

David O'Brien received 5,435 restricted stock units with a conversion rate of one unit to one share of common stock, granted under the Elauwit Connection, Inc. 2025 Stock Incentive Plan as a compensation-related award exempt under Rule 16b-3.

When do David O'Brien’s Elauwit Connection (ELWT) restricted stock units vest?

The newly granted restricted stock units vest on the first anniversary of the grant date, except as otherwise provided in the award notice, while 1,693 previously reported restricted stock units vest on April 2, 2027, based on the plan’s vesting conditions.

How many Elauwit Connection (ELWT) shares does David O'Brien hold indirectly?

David O'Brien indirectly holds 62,169 Elauwit Connection common shares through Cara Capital VC 1, LLC and 213,001 common shares through Cara Capital, LLC, entities where he serves as managing director according to the Form 4 footnotes.

What is the conversion ratio for David O'Brien’s Elauwit Connection (ELWT) restricted stock units?

Each restricted stock unit converts into one share of Elauwit Connection common stock on a one-for-one basis, as specified in the footnotes describing both the newly granted units and the previously reported units.

Under which plan were David O'Brien’s new Elauwit Connection (ELWT) RSUs granted?

The 5,435 restricted stock units were granted under the Elauwit Connection, Inc. 2025 Stock Incentive Plan in a transaction described as exempt under Rule 16b-3, according to the Form 4 footnotes.

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

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Accepted by SEC EDGAR 06/22/2026 - 04:48 PM EDT Learn about SEC filing dates

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^*

O'Brien David J.

(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)
			Code	V	Amount	(A) or (D)	Price
Common Stock								213,001	I	By Cara Capital, LLC(1)
Common Stock								62,169	I	By Cara Capital VC 1, 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
Restricted Stock Units	$0(3)	06/18/2026		A		5,435		(3)	(3)	Common Stock	5,435	$0	5,435	D
Restricted Stock Units	$0(4)							(4)	(4)	Common Stock	1,693		1,693	D

Explanation of Responses:

1. David O'Brien is the managing director of Cara Capital, LLC.

2. David O'Brien is the managing director of Cara Capital VC 1, LLC.

3. 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.

4. 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 David J. O'Brien	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)