RAKIN KEVIN 4
4 · ELUTIA INC. · Filed Jun 2, 2026
Research Summary
AI-generated summary of this filing
Elutia (ELUT) 10% Owner Kevin Rakin Gifts/Transfers 120,000 Shares
What Happened
- Kevin L. Rakin, reported as a 10% owner (via HighCape-related entities), caused distributions/disposing of a total of 120,000 shares of Elutia Class A common stock on June 1, 2026. The filing shows: 70,000 shares disposed as a gift (code G) and 50,000 shares disposed under an "other acquisition or disposition" code (J). All transfers were reported at $0.00 per share (no cash paid).
Key Details
- Transaction date: 2026-06-01; Form 4 filed: 2026-06-02 (appears timely).
- Reported amounts: 70,000 shares (Gift, G) + 50,000 shares (Other, J) = 120,000 shares disposed; reported price $0.00 for both transactions (total reported value $0).
- Holdings reported in the filing include 4,562,431 shares held of record by HighCape Partners QP II, L.P. and 144,128 shares held by other HighCape entities (total noted 4,706,559 shares) per footnotes; Rakin disclaims beneficial ownership except to the extent of any pecuniary interest.
- Jointly reported by HighCape Partners GP II, LLC; HighCape Partners GP II, L.P.; HighCape Partners QP II, L.P.; and Kevin L. Rakin.
- Footnote: Mr. Rakin caused a trust to distribute the securities to beneficiaries without payment (see F1). He disclaims beneficial ownership of trust-held securities except to the extent of pecuniary interest.
Context
- Gifts and trust distributions are not purchases and generally do not signal insider confidence in the stock price; they often reflect estate planning or transfers to beneficiaries.
- As a 10% owner reporting through related investment entities, these transactions reflect institutional/ownership-structure movements rather than routine executive open-market sales.
Insider Transaction Report
Form 4
ELUTIA INC.ELUT
RAKIN KEVIN
Director10% Owner
Transactions
- Gift
Class A Common Stock
2026-06-01−70,000→ 126,120 total - Other
Class A Common Stock
[F1]2026-06-01−50,000→ 272,419 total(indirect: By Trust)
Holdings
- 4,706,559(indirect: See footnotes)
Class A Common Stock
[F2][F3][F4]
Footnotes (4)
- [F1]Mr. Rakin caused a trust to distribute the reported securities to beneficiaries of the trust (for the avoidance of doubt, without payment of consideration by such beneficiaries). Mr. Rakin disclaims beneficial ownership of the securities held by the trusts except to the extent of his pecuniary interest therein.
- [F2]Includes: (i) 4,562,431 shares of Class A Common Stock held of record by HighCape Partners QP II, L.P.; and (ii) 144,128 shares owned by other HighCape entities that are not reporting persons hereunder, but over whom Mr. Rakin may be deemed to exercise beneficial ownership in his capacity as managing member of the general partner of such entity or as managing member of the general partner of the general partner of such entity.
- [F3]Mr. Rakin is the managing member of HighCape Partners GP II, LLC, which is the general partner of HighCape Partners GP II, L.P., which is the general partner of HighCape Partners QP II, L.P. and another HighCape entity that owns shares of record but is not a reporting person hereunder. In addition, Mr. Rakin is a managing member of the general partner of another HighCape entity that owns shares of record but is not a reporting person hereunder.
- [F4]Mr. Rakin, HighCape Partners GP II, LLC and HighCape Partners GP II, L.P. may be deemed to beneficially own the securities held by HighCape Partners QP II, L.P. and the other entity for which HighCape Partners GP II, L.P. serves as general partner. Additionally, Mr. Rakin may be deemed to beneficially own the securities held by another HighCape entity by virtue of his serving as managing member of such entity's general partner. Each of the reporting persons disclaims beneficial ownership of the securities held by the other reporting persons and the non-reporting persons referred to herein except to the extent of each reporting person's pecuniary interest therein, if any.