Ferguson Matthew 4

What Happened

• Matthew Ferguson, CFO of Elutia, had restricted stock units vest on June 10, 2026 and converted 25,000 RSUs into 25,000 shares of Class A common stock. To satisfy tax withholding, 4,485 of those shares were withheld by the company (reported at $1.04 per share, $4,664). Net shares received = 25,000 − 4,485 = 20,515 shares.

Key Details

• Transaction date: June 10, 2026; Form 4 filed June 12, 2026 (timely).
• Reported entries: two derivative conversions (code M) totaling 25,000 shares; withholding (code F) of 4,485 shares at $1.04/share for taxes ($4,664).
• Net increase to insider’s holdings: 20,515 shares (25,000 vested less 4,485 withheld).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: These shares came from RSU vesting (each RSU = 1 share). The company withheld shares to satisfy tax obligations; the RSUs were part of a 150,000‑RSU grant with scheduled vesting through Dec 10, 2026.

Context

• This was an award/vesting event (conversion of RSUs), not a market purchase or open‑market sale. The withholding is a routine, non‑sentiment action to cover taxes and does not imply a separate stock sale. For clarity: code M = exercise/conversion of a derivative (here, RSU→share conversion); code F = shares withheld to cover taxes.