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Elauwit Connection (ELWT) CIO/COO awarded 8,265 restricted stock units as equity grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Jones Nicholas Alan reported acquisition or exercise transactions in this Form 4 filing.

Elauwit Connection, Inc. granted CIO and COO Nicholas Alan Jones 8,265 restricted stock units. These units were awarded at $0.00 per unit under the company’s 2025 Stock Incentive Plan and will generally vest on the first anniversary of the grant date, subject to award terms.

Positive

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Insider Jones Nicholas Alan
Role CIO and COO
Type Security Shares Price Value
Grant/Award Restricted Stock Units 8,265 $0.00 --
Holdings After Transaction: Restricted Stock Units — 8,265 shares (Direct, null)
Footnotes (1)
  1. [object Object]
RSUs granted 8,265 units Restricted stock units awarded to CIO/COO
Grant price $0.00 per unit Acquisition price for RSU grant
RSUs after transaction 8,265 units Total RSUs held following grant
Underlying common shares 8,265 shares Common stock underlying granted RSUs
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.
Stock Incentive Plan financial
"were granted under the Elauwit Connection, Inc. 2025 Stock Incentive Plan"
A stock incentive plan is a company program that gives employees or directors pieces of ownership or the right to buy shares over time, similar to receiving a bonus paid in company stock instead of cash. Investors pay attention because these plans align staff incentives with long‑term company performance but can also dilute existing shareholders and affect reported profits when grants are expensed, so they influence both ownership percentages and financial results.
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.
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SEC Form 4
FORM 4UNITED 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*
Jones Nicholas Alan

(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
CIO and COO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units$0(1)06/15/2026A8,265 (1) (1)Common Stock8,265$08,265D
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/ James P. Di Bartolo II, Attorney-in-Fact for Nicholas A. Jones07/01/2026
** Signature of Reporting PersonDate
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 did Elauwit Connection (ELWT) executive Nicholas Alan Jones receive in this Form 4?

Nicholas Alan Jones received 8,265 restricted stock units as an equity award. The RSUs are tied to Elauwit Connection common stock and increase his direct equity-based compensation stake in the company.

How many Elauwit Connection (ELWT) RSUs does Nicholas Alan Jones hold after this grant?

Following the grant, Nicholas Alan Jones holds 8,265 restricted stock units. The filing shows this entire amount as his direct derivative holdings after the transaction, with no prior RSU balance listed.

What are the vesting terms of Nicholas Alan Jones’s new Elauwit Connection (ELWT) RSUs?

The 8,265 RSUs generally vest on the first anniversary of the grant date. The footnote notes this timing applies except as otherwise provided in the specific award notice governing the grant.

At what price were the Elauwit Connection (ELWT) RSUs granted to Nicholas Alan Jones?

The 8,265 restricted stock units were granted at a $0.00 per unit acquisition price. This reflects a typical compensation award, not an open-market purchase, and involves no cash payment by the executive at grant.

How do Nicholas Alan Jones’s Elauwit Connection (ELWT) RSUs convert into common stock?

The filing states the RSUs convert into common stock on a one-for-one basis. Once vested, each restricted stock unit becomes one share of Elauwit Connection common stock, increasing his actual share ownership.