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

Reporting relationship: Chief Executive Officer, Director, 10%+ Owner
Issuer ticker: ELWT
Reported as of: 06 Nov 2025
Net transaction value: -$999,994
SEC form: 4
Accepted by SEC: 14 Nov 2025, 16:33:34 UTC
Prior SEC filing: 03 Nov 2025
Next SEC filing: 16 Dec 2025
Source filing: View source filing
Reporting owner signature: /s/ Sean Arnette, Attorney-in-Fact for Barry R. Rubens

Key filing fact

Barry R. Rubens filed Form 4 for Elauwit Connection, Inc. (ELWT) on 14 Nov 2025.

Key facts

This page summarizes Barry R. Rubens's Form 4 filing for Elauwit Connection, Inc. (ELWT).
3 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 14 Nov 2025, 16:33.

Change

Previous filing in this sequence was filed on 03 Nov 2025.
Current net transaction value: -$999,994.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (2)

CIK 0001202401 Primary reporting owner

RUBENS BARRY R

Relationship: Chief Executive Officer, Director, 10%+ Owner
Address: C/O ELAUWIT CONNECTION, INC., 1700 ALTA VISTA DRIVE, SUITE 130, COLUMBIA
Signature: /s/ Sean Arnette, Attorney-in-Fact for Barry R. Rubens
Signature date: 14 Nov 2025

CIK 0002090946

Steele Creek Partners LLC

Relationship: 10%+ Owner
Address: C/O BARRY RUBENS, 1700 ALTA VISTA DRIVE, SUITE 130, COLUMBIA
Signature: /s/ Sean Arnette, Attorney-in-Fact for Barry R. Rubens as Managing Member of Steele Creek Partners LLC
Signature date: 14 Nov 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ELWT transaction

Common Stock

Disposed to Issuer

Transaction value: $999,994
Shares: -123,456
Change %: -15%
Price: $8.10
Shares after: 673,396
Date: 14 Nov 2025
Ownership: By Steele Creek Partners LLC
Footnotes: F1, F2, F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ELWT transaction Derivative

Put Option (right to sell)

Award

Transaction value: $0
Shares: +123,456
Change %
Price: $0.000000
Shares after: 123,456
Date: 06 Nov 2025
Ownership: By Steele Creek Partners LLC
Underlying class: Common Stock
Underlying amount: 123,456
Exercise price: $8.10
Footnotes: F1, F2, F3

ELWT transaction Derivative

Put Option (right to sell)

Exercise of in-the-money or at-the-money derivative security

Transaction value: $0
Shares: -123,456
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 13 Nov 2025
Ownership: By Steele Creek Partners LLC
Underlying class: Common Stock
Underlying amount: 123,456
Exercise price: $8.10
Footnotes: F1, F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote 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.

Footnote 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.

Footnote F3

Mr. Rubens is the managing member of Steele Creek Partners LLC.