Jimenez Luis Enrique 4
4 · CRAWFORD UNITED Corp · Filed Feb 6, 2026
Research Summary
AI-generated summary of this filing
Crawford United (CRAWA) Director Luis Enrique Jimenez Sells 13,650 Shares
What Happened Luis Enrique Jimenez, a director of Crawford United Corporation (CRAWA), disposed of 13,650 common shares on February 6, 2026. The Form 4 reports the disposition to the issuer (transaction code D) and lists the per-share price as N/A; a filing footnote states the shares were converted in the merger into cash at $83.8636 per share, for a total of approximately $1,144,738.14. This was a corporate merger cash-out rather than an open-market sale by the insider.
Key Details
- Transaction date: February 6, 2026 (reported on Form 4 filed Feb 6, 2026).
- Transaction type/code: Disposition to issuer (D) due to merger; Form 4 price field shows N/A.
- Per-share merger consideration (footnote): $83.8636; total ≈ $1,144,738.14.
- Shares disposed: 13,650.
- Shares owned after transaction: effectively 0 common shares (shares converted to cash in the merger).
- Filing timeliness: Reported on the same date as the transaction (not flagged late).
- Notable footnote: Merger Agreement dated Dec 5, 2025 — Crawford United merged into a subsidiary of SPX Enterprises; each outstanding share converted into the stated cash amount.
Context This transaction reflects a corporate M&A cash-out — insiders received merger consideration for their shares. Such dispositions due to a merger are corporate actions and do not necessarily signal the insider’s view of the company’s future performance, unlike voluntary open-market sales.
Insider Transaction Report
- Disposition to Issuer
Class A Common Shares
[F1]2026-02-06−13,650→ 0 total
Footnotes (1)
- [F1]Pursuant to the Agreement and Plan of Merger dated December 5, 2025 (the "Merger Agreement"), by and among SPX Enterprises, LLC, a Delaware limited liability company ("Parent"), Project King Acquisition, Inc., an Ohio corporation and a wholly owned subsidiary of Parent ("Merger Sub"), and Crawford United Corporation, an Ohio corporation (the "Company"), the Merger Sub merged with and into the Company, with the Company continuing as the surviving corporation and a wholly owned subsidiary of the Parent (the "Merger"). At the effective time of the Merger, each issued and outstanding common share of the Company was converted automatically into the right to receive cash in an amount equal to $83.8636 per share without interest, net of all applicable withholding taxes.