Sec Form 4 Filing - McDonough Daniel JR @ Elauwit Connection, Inc. - 2025-11-06

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
McDonough Daniel JR
2. Issuer Name and Ticker or Trading Symbol
Elauwit Connection, Inc. [ ELWT]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Executive Chairman
(Last) (First) (Middle)
C/O ELAUWIT CONNECTION, INC., 1700 ALTA VISTA DRIVE, SUITE 130
3. Date of Earliest Transaction (MM/DD/YY)
11/06/2025
(Street)
COLUMBIA, SC29223
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 11/14/2025 D 123,456 ( 1 ) ( 2 ) D $ 8.1 759,890 I By Baron Hunter Group, LLC ( 3 )
Common Stock 62,169 I By PecheJenn, LLC ( 4 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Put Option (right to sell) $ 8.1 11/06/2025 A 123,456 ( 1 ) ( 2 ) 11/06/2025 11/21/2025 Common Stock 123,456 $ 0 123,456 I By Baron Hunter Group, LLC ( 3 )
Put Option (right to sell) $ 8.1 11/13/2025 X 123,456 ( 1 ) ( 2 ) 11/06/2025 11/21/2025 Common Stock 123,456 $ 0 0 I By Baron Hunter Group, LLC ( 3 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
McDonough Daniel JR
C/O ELAUWIT CONNECTION, INC.
1700 ALTA VISTA DRIVE, SUITE 130
COLUMBIA, SC29223
X X Executive Chairman
Baron Hunter Group, LLC
C/O DANIEL MCDONOUGH, JR.
1700 ALTA VISTA DRIVE, SUITE 130
COLUMBIA, SC29223
X
Signatures
/s/ Sean Arnette, Attorney-in-Fact for Daniel McDonough, Jr. 11/14/2025
Signature of Reporting Person Date
/s/ Sean Arnette, Attorney-in-Fact for Daniel McDonough, Jr. as Managing Member of Baron Hunter Group, LLC 11/14/2025
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Baron Hunter Group, 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 Baron Hunter Group, 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.
( 2 )(Continued from footnote 1) On November 13, 2025, Baron Hunter Group, 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.
( 3 )Mr. McDonough is the managing member of Baron Hunter Group, LLC.
( 4 )Mr. McDonough is the managing member of PecheJenn, LLC.

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