CRAWFORD MATTHEW V 4

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.