Josephs Glenn M. 4

What Happened

• Glenn M. Josephs, a director of Elauwit Connection, Inc. (ELWT), was granted 5,435 restricted stock units (RSUs) on 2026-06-18. The grant is reported as a derivative award at $0.00 per unit (no cash paid).
• These RSUs convert into common stock on a one-for-one basis when vested; no immediate shares or cash were received by the insider.

Key Details

• Transaction date: 2026-06-18; Form 4 filed: 2026-06-22 (filed within required reporting window).
• Award amount/price: 5,435 RSUs @ $0.00 (derivative grant, transaction code A).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Notable footnotes: F1—RSUs convert 1:1 and, unless otherwise provided in the award notice, vest on the first anniversary of the grant; F2—some RSUs vest on April 2, 2027. Grant was made under the Elauwit Connection, Inc. 2025 Stock Incentive Plan and is reported as exempt under Rule 16b-3.
• No indication of a sale or exercise; this is an equity compensation grant, not an open-market trade.

Context

• RSU grants are common director/executive compensation and do not represent an immediate purchase or sale of stock. Value is realized only if and when the units vest and convert to shares (and subject to any forfeiture or other award terms).
• Because this is an award (not a sale), it should be viewed as routine compensation rather than a direct signal of insider buying or selling.