Berk Frederick R. 4

What Happened

• Berk Frederick R., a director of Elauwit Connection, Inc. (ELWT), was granted 6,885 restricted stock units (RSUs) on June 18, 2026. The award is reported as an acquisition (code A) at $0.00 per unit (derivative award). The RSUs convert into common stock on a one-for-one basis when they vest.

Key Details

• Transaction date: 2026-06-18 (Form 4 filed 2026-06-22; filing appears timely).
• Amount: 6,885 RSUs granted; reported price $0.00; no cash paid at grant.
• Instrument: Restricted Stock Units (derivative) that convert 1:1 into common shares on vesting.
• Plan/exemption: Granted under the Elauwit Connection, Inc. 2025 Stock Incentive Plan and noted as exempt under Rule 16b-3.
• Vesting: Footnotes indicate RSUs generally vest on the first anniversary of grant under the plan, and this award specifically is noted to vest on April 2, 2027.
• Shares owned after transaction: Not specified in the provided filing.

Context

• RSU awards are standard compensation for insiders and are not an open-market purchase or sale; they only become actual shares when they vest. This grant reflects a compensation/retention action rather than a buy or sell decision and does not by itself signal insider trading activity.