Rosen Steven H 4
Research Summary
AI-generated summary
Crawford United (CRAWA) 10% Owner Steven H. Rosen Sells Shares in Merger
What Happened
- Steven H. Rosen, a reporting person identified as a 10% owner, disposed of a total of 451,453 Crawford United common shares (30,250; 336,203; 85,000) on February 6, 2026.
- The dispositions were "to the issuer" in connection with the company’s merger; under the Merger Agreement each outstanding common share was converted into the right to receive $83.8636 per share, resulting in approximately $37.86 million in cash consideration. This was a merger-related disposition (not an open-market sale).
Key Details
- Transaction date: 2026-02-06.
- Shares disposed: 30,250; 336,203; and 85,000 — total 451,453 shares.
- Per-share cash consideration: $83.8636; approximate total value: $37,860,474.
- Shares owned after transaction: the reported common shares were converted into cash under the merger (effectively no remaining public common shares).
- Footnotes: reported securities included holdings held directly by Seven Investors, LLC (42,500 Class B; 168,101 Class A) and the LJNP Investment Trust (42,500 Class B; 168,102 Class A); Rosen disclaims beneficial ownership of those securities except for any pecuniary interest.
- Filing timeliness: Reported with period and filing date of 2026-02-06; no late filing flag indicated.
Context
- This was a corporate action (merger) causing conversion of shares into cash per the Merger Agreement, not an open-market insider sale. For a 10% owner, the transaction reflects institutional liquidity from the deal rather than trading sentiment.