BlackRock, Inc. reported beneficial ownership of 4,380,857 shares of Eledon Pharmaceuticals, Inc. common stock, equal to 5.8% of the class as of 03/31/2026. The Schedule 13G shows BlackRock holds sole dispositive power for 4,380,857 shares and sole voting power for 4,324,348 shares. The filing notes that various persons may have rights to dividends or sale proceeds and that no single outside person holds more than 5% of the class.
Positive
None.
Negative
None.
Insights
BlackRock holds a passive >5% stake in Eledon at quarter-end.
BlackRock is reported as beneficial owner of 4,380,857 shares (5.8%) as of 03/31/2026. The Schedule 13G classification typically indicates passive or investment-management ownership rather than an active acquisition intent.
Share-count and voting-power details are explicit: sole voting power 4,324,348, sole dispositive power 4,380,857. Subsequent fund decisions will determine trading activity; timing and planned actions are not disclosed here.
Filing structure and disclosures align with passive investor reporting.
The Schedule 13G lists required ownership fields and includes an Item 6 statement about others with dividend or proceeds rights. The cover and signature block identify the reporting person and an authorized signatory, dated 04/27/2026.
Observe reporting deadlines for passive investors; any shift to active intent would require reclassification to a Schedule 13D and different disclosure obligations.
Key Figures
Beneficial ownership:4,380,857 sharesPercent of class:5.8%Sole voting power:4,324,348 shares+2 more
5 metrics
Beneficial ownership4,380,857 sharesas of 03/31/2026
Percent of class5.8%calculated for common stock class
Sole voting power4,324,348 sharesItem 4(i) reported on Schedule 13G
Sole dispositive power4,380,857 sharesItem 4(iii) reported on Schedule 13G
Filing signature date04/27/2026signature by Managing Director Spencer Fleming
Key Terms
Schedule 13G, beneficially owned, sole dispositive power, sole voting power
4 terms
Schedule 13Gregulatory
"The filing is titled Schedule 13G and classifies the ownership report"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
beneficially ownedfinancial
"Amount beneficially owned: 4380857 in Item 4"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole dispositive powerregulatory
"Sole power to dispose or to direct the disposition of: 4380857"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
sole voting powerregulatory
"Sole power to vote or to direct the vote: 4324348"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Eledon Pharmaceuticals, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
28617K101
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
28617K101
1
Names of Reporting Persons
BlackRock, Inc.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
4,324,348.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
4,380,857.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,380,857.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.8 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Eledon Pharmaceuticals, Inc.
(b)
Address of issuer's principal executive offices:
19800 MACARTHUR BLVD., SUITE 250 IRVINE CA 92612
Item 2.
(a)
Name of person filing:
BlackRock, Inc.
In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units (collectively, the "Reporting Business Units") of BlackRock, Inc. and its subsidiaries and affiliates. It does not include securities, if any, beneficially owned by other business units whose beneficial ownership of securities are disaggregated from that of the Reporting Business Units in accordance with such release.
(b)
Address or principal business office or, if none, residence:
BlackRock, Inc., 50 Hudson Yards New York, NY 10001
(c)
Citizenship:
See Item 4 of Cover Page
(d)
Title of class of securities:
Common Stock
(e)
CUSIP Number(s):
28617K101
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
4380857
(b)
Percent of class:
5.8 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
4324348
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
4380857
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the common stock of Eledon Pharmaceuticals, Inc.. No one person's interest in the common stock of Eledon Pharmaceuticals, Inc. is more than five percent of the total outstanding common shares.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
See Exhibit 99
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
How many ELDN shares does BlackRock own according to this Schedule 13G?
BlackRock reports beneficial ownership of 4,380,857 shares. The filing states this equals 5.8% of Eledon Pharmaceuticals' common stock as of 03/31/2026.
What voting and dispositive powers does BlackRock report for Eledon (ELDN)?
BlackRock reports sole voting power for 4,324,348 shares and sole dispositive power for 4,380,857 shares. The Schedule 13G lists these figures explicitly under Item 4.
Does the Schedule 13G indicate BlackRock plans to take control of Eledon?
No; the filing is a Schedule 13G which typically signals passive ownership rather than an active control intent. The form does not state any takeover or control plans.
Are any third parties identified as having rights to dividends or sale proceeds?
The filing states various persons may have rights to dividends or proceeds, and no single outside person holds more than 5% of the class. Specific third parties are not named.
