BASOLIS ELBERT G JR 4

What Happened
Elbert G. Basolis Jr., a director of Elauwit Connection, Inc. (ELWT), was issued 1,693 restricted stock units (RSUs) on 2026-04-02. The RSUs were granted at an acquisition price of $0.00 (a typical equity award rather than a cash purchase) and are reported as a derivative award that will convert one-for-one into common stock upon vesting. This is a grant/award, not a purchase or sale.

Key Details

• Transaction date: 2026-04-02; filing date: 2026-04-06 (filed within the required two business days).
• Award: 1,693 restricted stock units; reported price: $0.00 (derivative award).
• Shares owned after transaction: Not reported in the filing.
• Footnote: RSUs 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 (unless otherwise provided) vest on the first anniversary of the grant.
• No 10b5-1 plan, tax-withholding sale, or immediate sale was disclosed.

Context
RSU grants are compensation awards and do not necessarily indicate buying or selling sentiment. These RSUs become ordinary shares only if/when they vest (here, typically one year after grant); until then they are subject to vesting conditions and convert into common stock on a one-for-one basis per the footnote. Rule 16b-3 exemption is common for issuer-approved equity awards to insiders.