Elauwit (ELWT) Director Glenn M. Josephs Receives RSU Award

What Happened Glenn M. Josephs, a director of Elauwit Connection, Inc. (ELWT), received an award of 1,539 restricted stock units (RSUs) on April 2, 2026. The Form 4 reports the acquisition as a derivative grant (transaction code A) at $0.00 per share (total $0 reported). These RSUs convert into common stock on a one-for-one basis upon vesting.

Key Details

• Transaction date: 2026-04-02; Form 4 filed: 2026-04-06 (timely — within two business days).
• Reported price: $0.00 per share; reported value $0 on the Form 4.
• Shares acquired: 1,539 RSUs (derivative award).
• Shares owned after transaction: not specified in the filing.
• Footnote: RSUs granted under the Elauwit Connection, Inc. 2025 Stock Incentive Plan; exempt under Rule 16b-3. Per the award notice, these RSUs vest on the first anniversary of the grant date unless otherwise provided.
• Transaction code: A (award/grant of a derivative security).

Context This was a compensation/retention award (restricted stock units) rather than an open-market purchase or sale. RSUs do not represent immediately vested common shares — they convert to common stock only after vesting (here, typically one year). Such grants are common for directors and employees and do not by themselves indicate buying or selling sentiment.