Kevin Rakin - 11 Dec 2025 Form 4/A - Amendment Insider Report for ELUTIA INC. (ELUT)

Signature
/s/ Kevin Rakin
Issuer symbol
ELUT
Transactions as of
11 Dec 2025
Net transactions value
$0
Form type
4/A - Amendment
Filing time
19 Dec 2025, 16:21:56 UTC
Date Of Original Report
15 Dec 2025
Previous filing
02 Jun 2025
Next filing
19 Dec 2025

Reporting Owners (10)

Name Relationship Address Signature Signature date CIK
RAKIN KEVIN Director, 10%+ Owner 36 CHURCH LANE, WESTPORT /s/ Kevin Rakin 19 Dec 2025 0001184421
HighCape Partners GP, LLC 10%+ Owner 36 CHURCH LANE, WESTPORT HIGHCAPE PARTNERS GP, LLC By: /s/ Kevin L. Rakin, Managing Member 19 Dec 2025 0001819933
HighCape Partners GP, L.P. 10%+ Owner 36 CHURCH LANE, WESTPORT HIGHCAPE PARTNERS GP, L.P. By: HighCape Partners GP, LLC, its general partner By: /s/ Kevin L. Rakin, Managing Member 19 Dec 2025 0001819932
HIGHCAPE PARTNERS, L.P. 10%+ Owner 36 CHURCH LANE, WESTPORT HIGHCAPE PARTNERS, L.P. By: HighCape Partners GP, L.P., its general partner By: HighCape Partners GP, LLC, its general partner By: /s/ Kevin L. Rakin, Managing Member 19 Dec 2025 0001598046
HighCape Partners GP II, LLC 10%+ Owner 36 CHURCH LANE, WESTPORT HIGHCAPE PARTNERS QP, L.P. By: HighCape Partners GP, L.P., its general partner By: HighCape Partners GP, LLC, its general partner By: /s/ Kevin L. Rakin, Managing Member 19 Dec 2025 0001957360
HighCape Partners GP II, L.P. 10%+ Owner 36 CHURCH LANE, WESTPORT HIGHCAPE PARTNERS GP II, LLC By: /s/ Kevin L. Rakin, Managing Member 19 Dec 2025 0001957359
HIGHCAPE PARTNERS QP, L.P. 10%+ Owner 36 CHURCH LANE, WESTPORT HIGHCAPE PARTNERS GP II, L.P. By: HighCape Partners GP II, LLC, its general partner By: /s/ Kevin L. Rakin, Managing Member 19 Dec 2025 0001598026
HighCape Partners QP II, L.P. 10%+ Owner 36 CHURCH LANE, WESTPORT HIGHCAPE PARTNERS QP II, L.P. By: HighCape Partners GP II, L.P., its general partner By: HighCape Partners GP II, LLC, its general partner By: /s/ Kevin L. Rakin, Managing Member 19 Dec 2025 0001770972
HighCape Co-Investment Vehicle I, LLC 10%+ Owner 36 CHURCH LANE, WESTPORT HIGHCAPE CO-INVESTMENT VEHICLE I, LLC By: HighCape Partners GP, L.P., its general partner By: HighCape Partners GP, LLC, its general partner By: /s/ Kevin L. Rakin, Managing Member 19 Dec 2025 0001819988
HighCape Co-Investment Vehicle II, LLC 10%+ Owner 36 CHURCH LANE, WESTPORT HIGHCAPE CO-INVESTMENT VEHICLE II, LLC By: HighCape Partners GP, L.P., its general partner By: HighCape Partners GP, LLC, its general partner By: /s/ Kevin L. Rakin, Managing Member 19 Dec 2025 0001820044

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ELUT Class A Common Stock Other -4,505,941 -48% 4,978,978 11 Dec 2025 See footnotes F1, F2, F3, F4, F5
holding ELUT Class A Common Stock 126,120 11 Dec 2025 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 11, 2025, HighCape Partners, L.P, HighCape Partners QP, L.P., HighCape Co-Investment Vehicle I, LLC and HighCape Co-Investment Vehicle II, LLC distributed all of their shares of the Issuer's Class A Common Stock to their partners and members pro rata according to such partners' and members' interests without payment of consideration by such partners and members. Mr. Rakin, chairman of the Issuer's board of directors, received 126,120 shares pursuant to such distribution and his irrevocable trusts received 181,612 shares. The distribution of such shares resulted in a change in the form of Mr. Rakin's beneficial ownership only and consequently such shares are not included in the amount distributed in column 4.
F2 Includes: (i) 4,562,431 shares of Common Stock held of record by HighCape Partners QP II, L.P.; (ii) 144,128 shares owned by other HighCape entities over whom Mr. Rakin may be deemed to exercise beneficial ownership in his capacity as managing member of the general partner of such entity or as managing member of the general partner of the general partner of such entity; and (iii) 272,419 shares owned by Mr. Rakin's irrevocable trusts.
F3 Mr. Rakin is a managing member of HighCape Partners GP, LLC, which is the general partner ("GP") of HighCape Partners GP, L.P., which is the GP of each of HighCape Partners, L.P. and HighCape Partners QP, L.P. Mr. Rakin is the managing member of HighCape Partners GP II, LLC, which is the GP of HighCape Partners GP II, L.P., which is the GP of HighCape Partners QP II, L.P. and another HighCape entity that owns shares of record. HighCape Partners GP, L.P. manages each of HighCape Co-Investment Vehicle I, LLC and HighCape Co-Investment Vehicle II, LLC. In addition, Mr. Rakin is a managing member of the GP of another HighCape entity that owns shares of record.
F4 Mr. Rakin, HighCape Partners GP, LLC and HighCape Partners GP, L.P. may have been deemed to beneficially own the securities distributed by HighCape Partners, L.P., HighCape Partners QP, L.P., HighCape Co-Investment Vehicle I, LLC and HighCape Co-Investment Vehicle II, LLC. Mr. Rakin, HighCape Partners GP II, LLC and HighCape Partners GP II, L.P. may be deemed to beneficially own the securities held by HighCape Partners QP II, L.P. and the other entity for which HighCape Partners GP II, L.P. serves as GP. Finally, Mr. Rakin may be deemed to beneficially own the securities held by another HighCape entity by virtue of his serving as managing member of such entity's GP. Mr. Rakin disclaims beneficial ownership of the securities held by the other persons referred to herein except to the extent of his pecuniary interest therein, if any.
F5 This amendment is filed solely to add HighCape Partners GP, LLC, HighCape Partners GP, L.P., HighCape Partners, L.P., HighCape Partners QP, L.P., HighCape Partners GP II, LLC, HighCape Partners GP II, L.P., HighCape Partners QP II, L.P., HighCape Co-Investment Vehicle I, LLC and HighCape Co-Investment Vehicle II, LLC as filers to the Form 4 originally filed by Mr. Rakin on December 15, 2025 and amended on December 17, 2025. This filing is otherwise identical in substantive content to the amended Form 4 filed by Mr. Rakin on December 17, 2025.