Barry R. Rubens - 06 Nov 2025 Form 4 Insider Report for Elauwit Connection, Inc. (ELWT)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Sean Arnette, Attorney-in-Fact for Barry R. Rubens
Issuer symbol
ELWT
Transactions as of
06 Nov 2025
Transactions value $
-$999,994
Form type
4
Filing time
14 Nov 2025, 16:33:34 UTC
Previous filing
03 Nov 2025
SEC
View on sec.gov

Reporting Owners (2)

Name Relationship Address Signature Signature date CIK
RUBENS BARRY R Chief Executive Officer, Director, 10%+ Owner C/O ELAUWIT CONNECTION, INC., 1700 ALTA VISTA DRIVE, SUITE 130, COLUMBIA /s/ Sean Arnette, Attorney-in-Fact for Barry R. Rubens 14 Nov 2025 0001202401
Steele Creek Partners LLC 10%+ Owner C/O BARRY RUBENS, 1700 ALTA VISTA DRIVE, SUITE 130, COLUMBIA /s/ Sean Arnette, Attorney-in-Fact for Barry R. Rubens as Managing Member of Steele Creek Partners LLC 14 Nov 2025 0002090946

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ELWT Common Stock Disposed to Issuer -$1M -123K -15.49% $8.10 673K 14 Nov 2025 By Steele Creek Partners LLC F1, F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ELWT Put Option (right to sell) Award $0 +123K $0.00 123K 06 Nov 2025 Common Stock 123K $8.10 By Steele Creek Partners LLC F1, F2, F3
transaction ELWT Put Option (right to sell) Exercise of in-the-money or at-the-money derivative security $0 -123K -100% $0.00 0 13 Nov 2025 Common Stock 123K $8.10 By Steele Creek Partners LLC F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Steele Creek Partners LLC and the issuer entered into a put-call agreement on August 20, 2024, as amended on August 11, 2025 (the "Agreement"), which was approved by the issuer's board of directors, whereby the issuer granted Steele Creek Partners LLC a put option to sell to the issuer up to $1,000,000 of the value of the issuer's common stock at a discount of 10% of the issuer's initial public offering ("IPO") issue price, as described further in the final prospectus used in the issuer's IPO which was filed with the Securities and Exchange Commission on November 4, 2025. The IPO closed on November 6, 2025, resulting in the acquisition of the put option for 123,456 shares.
F2 (Continued from footnote 1) On November 13, 2025, Steele Creek Partners LLC exercised its put option and is reporting the subsequent disposition of 123,456 shares to the issuer in accordance with Rule 16b-3(e). Other than these shares which were disposed to the issuer by operation of law, the reporting persons' shares remain subject to their lock-up agreement with the underwriter of the IPO.
F3 Mr. Rubens is the managing member of Steele Creek Partners LLC.