4/A: ELUTIA Director Rakin Amends Share Distribution Filing

Kevin Rakin, a director and 10% owner of Elutia Inc., filed an amended Form 4 to correct previously reported details of a pro rata share distribution from HighCape entities.

Summary

• An amendment to a Form 4 was filed by Kevin Rakin, a director and 10% owner of Elutia Inc. (ELUT).
• The amendment corrects an inadvertent misstatement in the original Form 4 filed on December 15, 2025.
• The original filing misstated the number of Class A Common Stock shares distributed by HighCape Partners, L.P., HighCape Partners QP, L.P., HighCape Co-Investment Vehicle I, LLC, and HighCape Co-Investment Vehicle II, LLC.
• On December 11, 2025, these HighCape entities distributed 4,505,941 shares of Elutia Inc. Class A Common Stock to their partners and members pro rata without payment.
• Mr. Rakin received 126,120 shares directly and his irrevocable trusts received 181,612 shares as part of this distribution.
• Following the reported transaction, Mr. Rakin's beneficial ownership includes 126,120 shares held directly and 4,978,978 shares held indirectly through various HighCape entities and his irrevocable trusts.

Sentiment

Score: 5

Explanation: Neutral. The filing is a factual correction of a previous administrative error regarding beneficial ownership, with no direct positive or negative implications for the company's operational or financial performance.

Positives

• The company and reporting person are ensuring accuracy in public disclosures by correcting a previous administrative error.

Negatives

• An initial error in reporting required an amendment, indicating a minor administrative oversight in the original filing.

Future Outlook

No forward-looking statements or guidance are provided in this filing.

Management Comments

• 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.

Industry Context

This is a standard regulatory filing for insider transactions and beneficial ownership changes. It does not provide information relevant to broader industry trends or the competitive landscape.

Related Party Transactions

• Distribution of 4,505,941 shares of Class A Common Stock by HighCape entities (where Mr. Rakin is a managing member) to their partners and members, including Mr. Rakin and his irrevocable trusts.

Stakeholder Impact

• Shareholders: Provides accurate information regarding a significant shareholder's beneficial ownership structure, ensuring transparency.

Key Dates

Keywords

Elutia Inc., ELUT, Kevin Rakin, Form 4/A, SEC filing, beneficial ownership, share distribution, insider transaction, amendment, corporate governance, HighCape Partners