Colpman David 4

What Happened David Colpman, a director of Elutia, was granted 106,393 derivative shares on 2026-06-11 under the company's Non‑Employee Director Compensation Program. The Form 4 shows an acquisition of 106,393 at $0.00 (derivative), indicating a compensation award (option/RSU-style grant) rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-06-11; Form 4 filed: 2026-06-15 (timely filed within the SEC two-business-day window).
• Transaction type: Grant / Award (derivative) — 106,393 shares; reported price $0.00; no cash paid on grant.
• Vesting/terms: Footnote — automatic grant under the director compensation program; vests and becomes exercisable on the earlier of (i) the day before the issuer’s first annual meeting after the grant or (ii) the first anniversary of the grant, subject to continued board service.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• No 10b5-1 plan, tax‑withholding note, or late‑filing flag reported in this filing.

Context This is a routine director compensation award rather than a buy or sale that signals trading conviction. The transaction is a derivative grant (option/award) with vesting conditions; there is no indication shares were immediately sold or exercised. Retail investors should view this as standard board compensation unless further disclosures indicate different behavior.