Elutia (ELUT) CFO Matthew Ferguson Receives 12,500 Shares on Vesting

What Happened
Matthew Ferguson, the Chief Financial Officer of Elutia, had 12,500 restricted stock units (RSUs) convert into Class A common stock on September 10, 2026. Of those shares, 4,486 were withheld to satisfy tax withholding at $0.80 per share (total value withheld ≈ $3,589), leaving a net issuance of about 8,014 shares to Mr. Ferguson. The Form 4 shows the RSU-to-share conversion as derivative exercises (transaction code M) and the withholding as a tax payment (code F).

Key Details

• Transaction date: September 10, 2026; Form 4 filed September 14, 2026 (filed within two business days = timely).
• RSUs converted: 12,500 shares (each RSU = 1 share; footnotes confirm RSUs).
• Tax withholding: 4,486 shares withheld at $0.80/share for taxes = $3,589. Net shares issued ≈ 8,014.
• Footnotes: F1–F2 confirm these were RSUs that converted to shares; F4 confirms shares were withheld to cover tax withholding; F5 notes the original grant (150,000 RSUs on Jan 31, 2024) and the scheduled vesting that includes the 9/10/2026 tranche. F3 notes prior participation in the ESPP (1,807 shares included in holdings).
• Shares owned after transaction: not specified in the provided summary of the filing.

Context

• This was a routine vesting of previously granted RSUs, not an open-market purchase or sale. The withholding of shares to cover taxes is common on RSU vesting and does not necessarily signal a buy/sell decision.
• The Form 4 reports conversion of derivative awards (RSUs) into shares; one of the reported derivative lines with $0.00 reflects the cancellation/conversion of the RSU instrument upon delivery of shares.