CRAWFORD MATTHEW V 4
4 · CRAWFORD UNITED Corp · Filed Feb 6, 2026
Research Summary
AI-generated summary of this filing
Crawford United (CRAWA) 10% Owner Matthew V. Crawford Sells 1.805M Shares
What Happened
Matthew V. Crawford, reported as a 10% owner, disposed of a total of 1,805,454 Crawford United (CRAWA) common shares on Feb 6, 2026. The dispositions were "to the issuer" as part of a merger; under the Merger Agreement each outstanding common share was converted into cash of $83.8636 per share. The aggregate cash consideration for the reported shares is approximately $151.4 million. This was a conversion/sale in connection with the company being acquired (not an open-market sale).
Key Details
- Transaction date: February 6, 2026; transaction code: D (Disposition to issuer).
- Price per share: $83.8636 (per Merger Agreement footnote).
- Shares disposed: 1,805,454 (breakdown reported in the Form 4).
- Approximate proceeds: $151.4 million.
- Shares owned after transaction: the reported common shares were converted into cash under the merger (effectively zero common shares from these holdings); the filing does not list other remaining holdings.
- Notable footnotes: F1 explains the Merger Agreement that automatically converted each common share into cash; F2/F3 state the reporting person disclaims beneficial ownership except for any pecuniary interest (reporting person is a shareholder of the corporation that owns the securities and is a trustee).
- Filing timeliness: Reported on Feb 6, 2026 (same date as the transaction period), indicating a timely Form 4 filing.
Context
This filing reflects a corporate transaction (merger cash-out) rather than a typical insider sale for personal liquidity. For retail investors, purchases generally signal stronger insider conviction than routine merger conversions; here the disposition reflects the deal consideration being paid to shareholders. As a 10% owner, the reporting person is a significant shareholder; the footnotes clarify custody/ownership structure and disclaimers of beneficial ownership.
Insider Transaction Report
- Disposition to Issuer
Class A Common Shares
[F1]2026-02-06−39,250→ 0 total - Disposition to Issuer
Class A Common Shares
[F1][F2]2026-02-06−911,250→ 0 total(indirect: By First Francis Company, Inc.) - Disposition to Issuer
Class A Common Shares
[F1][F3]2026-02-06−336,204→ 0 total(indirect: By Trust) - Disposition to Issuer
Class B Common Shares
[F1][F3]2026-02-06−85,000→ 0 total(indirect: By Trust) - Disposition to Issuer
Class B Common Shares
[F1][F2]2026-02-06−433,750→ 0 total(indirect: By First Francis Company, Inc.)
Footnotes (3)
- [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.
- [F2]The reporting person is a shareholder of the corporation that owns the reported securities. For purposes of the Securities Exchange Act of 1934, the reporting person disclaims beneficial ownership of the reported securities, except to his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or otherwise.
- [F3]The reporting person is the trustee of the trust that owns the reported securities. For purposes of the Securities Exchange Act of 1934, the reporting person disclaims beneficial ownership of the reported securities, except to his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or otherwise.