WERT JAMES W 4

What Happened Director James W. Wert reported a disposition to the issuer on February 6, 2026, surrendering 15,750 Crawford United (CRAWA) common shares as part of the company’s merger. Under the merger agreement, each outstanding common share was converted into the right to receive $83.8636 per share in cash (net of applicable withholding taxes), which implies gross consideration of about $1,320,852 for the reported shares. This was not an open-market sale but a merger-related exchange of shares for cash.

Key Details

• Transaction date: 2026-02-06 — Disposition to issuer (code D).
• Price/consideration: $83.8636 per share under the merger agreement; Form 4 lists price as N/A because shares were converted in the merger.
• Shares involved: 15,750 shares surrendered; gross value ≈ $1,320,852 (actual cash received net of withholding taxes per footnote).
• Shares owned after transaction: Not stated in the provided filing excerpt.
• Footnote: The disposition occurred pursuant to the Agreement and Plan of Merger dated December 5, 2025 — Merger Sub merged into the Company and each outstanding share was converted to cash consideration.
• Filing timeliness: Reported on 2026-02-06 (period of report 2026-02-06); filing appears contemporaneous with the transaction.

Context This was a merger cash-out (company shares converted to cash), not an open-market sale or exercise. Such transactions reflect deal terms rather than an insider’s trading view of the stock; amounts received are net of withholding taxes per the merger agreement.