Form 4 for ELWT Elauwit Connection, Inc.
Accepted 2025-11-14 00:00:00 ET · period of report 2025-11-06 · accession 0000891839-25-000128 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2025-11-14 | 2025-11-14 | ELWT | Steele Creek Partners LLC | 10% | D - Sale to Iss | $8.10 | -123.5K | 673.4K | -15% | -$1000.0K |
| DI | 2025-11-14 | 2025-11-13 | ELWT | Steele Creek Partners LLC | 10% | X - OptEx | $0.00 | -123.5K | 0 | -100% | $0 |
| DI | 2025-11-14 | 2025-11-06 | ELWT | Steele Creek Partners LLC | 10% | A - Grant | $0.00 | +123.5K | 123.5K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2025-11-14 | D | D | 123,456 | $8.10 | 673,396 | I By Steele Creek Partners LLC | — | — | (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. (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. (F3) Mr. Rubens is the managing member of Steele Creek Partners LLC. |
| 2 | Derivative | Put Option (right to sell) | 2025-11-13 | X | D | 123,456 | $0.00 | 0 | I By Steele Creek Partners LLC | $8.10 · 2025-11-06 to 2025-11-21 | 123,456 Common Stock | (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. (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. (F3) Mr. Rubens is the managing member of Steele Creek Partners LLC. |
| 3 | Derivative | Put Option (right to sell) | 2025-11-06 | A | A | 123,456 | $0.00 | 123,456 | I By Steele Creek Partners LLC | $8.10 · 2025-11-06 to 2025-11-21 | 123,456 Common Stock | (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. (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. (F3) Mr. Rubens is the managing member of Steele Creek Partners LLC. |