RAKIN KEVIN 4

What Happened Kevin L. Rakin, a 10% owner and managing member of the HighCape entities, purchased 70,000 shares of Elutia Inc. (ELUT) in open-market transactions on January 30, 2026. The reported weighted-average price was $1.06 per share (range $1.05–$1.08), for an aggregate reported cost of approximately $74,200. This was a purchase (transaction code P), not a sale or option exercise.

Key Details

• Transaction date: 2026-01-30 (filed with the SEC on 2026-02-02; filing appears timely).
• Price: weighted average $1.06/share; individual trades ranged from $1.05 to $1.08 (see footnote F1 for breakdown upon request).
• Shares acquired: 70,000 shares; reported aggregate purchase amount ≈ $74,200.
• Shares owned after transaction: filing discloses beneficial holdings via HighCape entities of 4,562,431 shares held of record by HighCape Partners QP II, L.P. and 144,128 shares held by other HighCape entities (totaling 4,706,559 shares referenced in footnote F2/F4).
• Joint filing: transaction jointly reported by HighCape Partners GP II, LLC; HighCape Partners GP II, L.P.; HighCape Partners QP II, L.P.; and Kevin L. Rakin (Remarks).
• Notable footnotes: F1 notes the weighted-average price and multiple trades; F2–F4 explain beneficial ownership through HighCape entities and disclaimers about ownership among reporting/non-reporting persons.

Context Rakin is reported as a 10% owner via control positions in HighCape entities; this is insider/institutional buying rather than routine employee equity activity. Purchases by insiders can be of interest to investors, but filings are factual records and do not state the purchaser’s motives.