Form 4: Elutia Inc. Director Brigid Makes Acquires Stock Options

Elutia Inc. Director Brigid Makes acquired 106,393 stock options under the company's Non-Employee Director Compensation Program.

Summary

• Brigid Makes, a Director at Elutia Inc., acquired 106,393 stock options on June 11, 2026.
• These options were granted under the company's Non-Employee Director Compensation Program.
• The options vest and become exercisable on the earlier of the day before the Issuer's first annual meeting following the grant date or the first anniversary of the grant date, provided the director remains in service.
• The exercise price for these options is $0.96 per share.
• Following this transaction, Brigid Makes beneficially owns 106,393 shares directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a standard compensation grant to a director rather than a significant financial event or strategic shift.

Positives

• Director compensation aligns with long-term incentives through stock options.
• The grant of options suggests confidence in future share price appreciation.
• The vesting schedule encourages continued service on the board.

Risks

• The value of the stock options is subject to market fluctuations and the company's performance.
• If the director's service is not continued, the options may not vest.
• The exercise price of $0.96 implies a low current valuation or a target for future growth.

Future Outlook

The vesting schedule for the stock options is tied to the company's annual meeting and the director's continued service, indicating a focus on long-term board engagement and performance.

Industry Context

StockSavvy.ai notes that the granting of stock options to directors is a common practice in the biotechnology and healthcare sectors, aligning executive and board interests with shareholder value creation and incentivizing long-term commitment.

Stakeholder Impact

• Shareholders: The grant of options aligns director incentives with long-term shareholder value, but the actual impact depends on future stock performance.
• Employees: This filing does not directly impact employees but reflects the company's compensation structure for its board.
• Creditors: No direct impact on creditors is indicated by this filing.

Next Steps

• Brigid Makes must continue in service on the Issuer's board of directors through the applicable vesting dates for the options to become exercisable.
• The options will become exercisable on the earlier of the day immediately preceding the date of the Issuer's first annual meeting following the grant date or the first anniversary of the grant date.

Key Dates

Keywords

Elutia Inc., Brigid Makes, Form 4, Stock Options, Director Compensation, SEC Filing, Insider Trading, Beneficial Ownership