Jones Nicholas Alan 4

What Happened

• Nicholas Alan Jones, Chief Investment Officer and Chief Operating Officer of Elauwit Connection, Inc. (ELWT), received a grant of 8,265 restricted stock units (RSUs) on June 15, 2026. The award was recorded at $0.00 (no cash purchase); RSUs are derivative awards that convert one-for-one into common stock.
• This is a compensation award (not a market purchase or sale), so it does not represent an immediate buy/sell market signal.

Key Details

• Transaction date: 2026-06-15; Filing date (Form 4): 2026-07-01.
• Award: 8,265 restricted stock units; acquisition price reported as $0.00 (derivative grant).
• Shares owned after transaction: Not disclosed in the filing.
• Footnote: The RSUs were granted under the Elauwit Connection, Inc. 2025 Stock Incentive Plan, are exempt under Rule 16b-3, convert one-for-one into common stock, and, unless otherwise stated in the award notice, vest on the first anniversary of the grant (one-year cliff).
• Timeliness: The Form 4 was filed more than two business days after the June 15 grant (filed July 1), so this appears to be a late filing under the typical Form 4 timing rules.

Context

• RSU grants are standard equity compensation for executives; because these RSUs vest on a one-year schedule and convert to common shares at vesting, they are not immediately tradable and do not imply an immediate change in market exposure.
• For retail investors, awards like this indicate expected future dilution when shares vest and convert, but they are primarily a compensation matter rather than a direct trading signal.