Ferguson Matthew 4

What Happened
Matthew Ferguson, Chief Financial Officer of Elutia, had restricted stock units (RSUs) vest and convert into common stock on March 10, 2026. The filing shows two conversion/derivative events totaling 25,000 shares. To satisfy tax withholding on the vesting, 5,123 shares were withheld by the issuer (reported as a disposition) valued at $1.09/share or $5,584. The net shares delivered to Ferguson were approximately 19,877 (25,000 vested − 5,123 withheld). The transactions are awards/vesting events, not open‑market purchases or sales.

Key Details

• Transaction date: 2026-03-10; Form 4 filed 2026-03-12 (timely within two business days).
• Vesting/Conversion: 25,000 shares reported as exercises/conversions of derivatives (RSUs).
• Tax withholding: 5,123 shares withheld at $1.09/share for $5,584 (reported as a disposition under code F).
• Net shares received (approx.): 19,877.
• Shares owned after the transactions: not specified in the provided filing details.
• Relevant footnotes: F1–F2: shares came from RSU vesting; F4: issuer withheld shares for taxes; F5: original grant was 150,000 RSUs with scheduled vesting (includes the March 10, 2026 vesting date). F3 notes 17,580 shares held from the ESPP are included in reported holdings.

Context

• These filings reflect routine RSU vesting and a cashless‑style tax withholding (issuer keeps shares) rather than a market sale or deliberate insider buy.
• Derivative entries (code M) represent conversion/cancellation of the RSU awards into common stock; the withheld shares (code F) satisfy tax obligations.
• Such award vesting is informational for investors but does not, by itself, indicate a buy or sell sentiment by the insider.