C. Randal Mills - 10 Sep 2025 Form 4 Insider Report for ELUTIA INC. (ELUT)

Role
PRESIDENT AND CEO, Director
Signature
/s/Matthew Ferguson, Attorney-in-Fact for C. Randal Mills
Issuer symbol
ELUT
Transactions as of
10 Sep 2025
Net transactions value
-$13,143
Form type
4
Filing time
11 Sep 2025, 21:47:59 UTC
Previous filing
12 Jun 2025
Next filing
14 Nov 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Mills C Randal PRESIDENT AND CEO, Director C/O ELUTIA INC., 20 FIRSTFIELD ROAD, GAITHERSBURG /s/Matthew Ferguson, Attorney-in-Fact for C. Randal Mills 11 Sep 2025 0001370939

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ELUT Class A Common Stock Options Exercise +27,083 +8.4% 348,250 10 Sep 2025 Direct F1, F2
transaction ELUT Class A Common Stock Tax liability $13,143 -9,664 -2.8% $1.36 338,586 10 Sep 2025 Direct 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 ELUT Restricted Stock Units Options Exercise $0 -27,083 -8.3% $0.000000 297,916 10 Sep 2025 Class A Common Stock 27,083 Direct F2, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Transaction represents shares of the Issuer's Class A Common Stock received from the vesting of restricted stock units.
F2 Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F3 Shares withheld by the Issuer to satisfy tax withholding requirements on vesting of restricted stock units.
F4 On January 31, 2024, the Reporting Person was granted 487,500 restricted stock units. Restricted stock units as to 162,500 shares vest in four equal installments upon the Issuer's achievement of a per share price equal to or greater than $6.00, $10.00, $14.00 and $18.00 in each case determined based on twenty consecutive days of trading at or above the applicable threshold subject to the Reporting Person's continuous employment with the Issuer through the vesting date, provided, however, if the vesting date for any restricted shtock units that vest on stock performance is not during one of the Company's open trading windows, the vesting shall be delayed until the first business day of the next open window.
F5 Restricted stock units as to 325,000 shares vest as follows: 1/6 vest on June 10, 2024, and as to 1/12 quarterly on each of the following dates: September 10, 2024, December 10, 2024, March 10, 2025, June 10, 2025, September 10, 2025, December 10, 2025, March 10, 2026, June 10, 2026, September 10, 2026 and December 10, 2026.