Form 4: Elutia Director Rakin Boosts Stake with 70,000 Share Purchase

Elutia Inc. Director and 10% owner Kevin Rakin, along with affiliated HighCape entities, acquired 70,000 shares of Class A Common Stock at an average price of $1.06 per share.

Summary

• Kevin Rakin, a Director and 10% owner of Elutia Inc., acquired 70,000 shares of Class A Common Stock.
• The shares were purchased on January 30, 2026, at a weighted average price of $1.06 per share, with individual transaction prices ranging from $1.05 to $1.08.
• Following this transaction, Kevin Rakin directly holds 196,120 shares and indirectly holds 322,419 shares through trusts.
• Additionally, HighCape Partners QP II, L.P. and other HighCape entities, over which Mr. Rakin may be deemed to exercise beneficial ownership, hold an aggregate of 4,706,559 shares.
• The transaction was jointly reported by Kevin Rakin, HighCape Partners GP II, LLC, HighCape Partners GP II, L.P., and HighCape Partners QP II, L.P.

Sentiment

Score: 8

Explanation: StockSavvy.ai views this as a strong positive signal. Significant insider buying by a director and 10% owner typically reflects high confidence in the company's future performance and valuation, suggesting potential upside.

Positives

• A Director and 10% owner, Kevin Rakin, increased his stake in Elutia Inc. by purchasing 70,000 shares of Class A Common Stock.
• Insider buying often signals confidence from management in the company's future prospects and valuation.
• The purchase was made at an average price of $1.06, indicating a specific valuation point at which the insider found the stock attractive.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding Elutia Inc.'s future outlook.

Management Comments

• The reporting person undertakes to provide Elutia Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

Industry Context

StockSavvy.ai notes that insider buying, particularly from a director and significant owner, can be interpreted by the market as a positive signal, suggesting that those closest to the company believe its shares are undervalued or that significant positive developments are anticipated. This action by Kevin Rakin could be seen as a vote of confidence in Elutia Inc.'s strategic direction or operational performance, potentially differentiating it from competitors who might not be seeing similar insider investment.

Related Party Transactions

• The acquisition of 70,000 shares of Class A Common Stock by Kevin Rakin, a Director and 10% owner, and affiliated HighCape entities, constitutes a related party transaction.

Stakeholder Impact

• Shareholders: Existing shareholders may view this insider purchase as a positive sign, potentially increasing confidence in the stock and its future performance.
• Management/Employees: The purchase by a key director and owner could boost morale and reinforce belief in the company's direction.

Next Steps

• The reporting person undertakes to provide full information regarding the number of shares purchased at each separate price within the range of $1.05 to $1.08 upon request from Elutia Inc., any security holder, or the SEC staff.

Key Dates

Recommendation

The significant purchase of 70,000 shares by a Director and 10% owner, Kevin Rakin, at an average price of $1.06, signals strong insider conviction in Elutia Inc.'s value proposition. Such insider buying often precedes positive company developments or indicates a belief that the stock is currently undervalued. This action suggests a seasoned investor would consider initiating or increasing a position.

Keywords

Elutia Inc., ELUT, Kevin Rakin, Insider Buying, Form 4, Stock Purchase, Director Ownership, 10% Owner, HighCape Partners, Class A Common Stock