Elauwit Connection (ELWT) director granted 5,435 RSUs and holds large stake
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
O'Brien David J.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 5,435 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 5,435 shares (Direct, null);
Common Stock — 213,001 shares (Indirect, By Cara Capital, LLC)
Footnotes (1)
- David O'Brien is the managing director of Cara Capital, LLC. David O'Brien is the managing director of Cara Capital VC 1, LLC. 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. 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
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.
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.