O'Brien David J. 4

What Happened David J. O'Brien, a director of Elauwit Connection, Inc. (ELWT), received a grant of 5,435 restricted stock units (RSUs) on 2026-06-18. The filing reports these as a derivative award at $0.00 (no purchase price); the RSUs convert into common stock on a one-for-one basis when they vest. The grant was made under the Elauwit Connection, Inc. 2025 Stock Incentive Plan and reported as exempt under Rule 16b-3.

Key Details

• Transaction date: 2026-06-18; Form 4 filed: 2026-06-22.
• Award: 5,435 RSUs, reported at $0.00 (derivative award).
• Shares owned after transaction: not specified in the information provided in this summary.
• Vesting/terms (per filing footnotes): RSUs convert 1:1 to common stock; general award language says vest on the first anniversary of grant unless otherwise provided, and a footnote also specifies a vest date of April 2, 2027 for applicable units.
• Related notes: O'Brien is identified as managing director of Cara Capital, LLC and Cara Capital VC 1, LLC (footnotes in the filing).
• Filing timeliness: transaction and filing dates are listed above; no timeliness code (L) was provided in the summary data.

Context These RSUs are compensation-style awards (not an open-market purchase or sale). They do not represent immediately tradable shares until they vest and convert into common stock. Such grants are commonly used for director or employee compensation and, by themselves, do not necessarily signal buying or selling intent in the open market.