Salay Jeffrey 4

What Happened Jeffrey Salay, Vice President and CFO of Crawford United Corporation, reported a disposition of 2,625 common shares on February 6, 2026. The shares were surrendered to the issuer as part of a merger; each share was converted into cash at $83.8636 per share, for a gross total of approximately $220,141.95 (net proceeds may be lower after applicable withholding taxes). This was a disposition tied to the merger consideration, not an open-market sale or a new purchase.

Key Details

• Transaction date: 2026-02-06 (filed the same day).
• Transaction type/code: Disposition to issuer (D) — shares converted in the merger.
• Price per share: $83.8636; gross proceeds ≈ $220,141.95 for 2,625 shares.
• Shares owned after transaction: Not specified in this filing.
• Footnote: The payment resulted from the Merger Agreement dated Dec 5, 2025 — each outstanding common share was converted into the right to receive $83.8636 per share, net of withholding.
• Timeliness: Filing appears timely (transaction and report dated the same day).

Context This disposition reflects receipt of merger consideration (cash-out) under the SPX Enterprises merger, not a discretionary sale on the open market. Such merger-related conversions are routine when a company is acquired and do not by themselves indicate insider sentiment about the company’s future performance.