CRAWFORD EDWARD F 4
4 · CRAWFORD UNITED Corp · Filed Feb 6, 2026
Research Summary
AI-generated summary of this filing
Crawford United (CRAWA) 10% Owner Edward F. Crawford Sells Shares
What Happened
Edward F. Crawford, a reported 10% owner of Crawford United Corporation (CRAWA), disposed of a total of 1,476,105 common shares on February 6, 2026. Per the Merger Agreement, each share was converted into the right to receive $83.8636 in cash, so the dispositions represent approximately $123.8 million in cash consideration. The reported transactions are dispositions to the issuer tied to the company’s merger with SPX Enterprises, LLC (see footnote F1).
Key Details
- Transaction date: 2026-02-06. Consideration: $83.8636 per share under the Merger Agreement (F1).
- Shares disposed (by lot): 56,370; 8,058; 38,462; 27,933; 282; 911,250; 433,750 — total 1,476,105 shares.
- Estimated proceeds: ~ $123,791,479.
- Shares owned after transaction: The filing shows these shares were converted to cash under the Merger; common shares were effectively cashed out per F1.
- Footnotes: F1 explains the merger cash-out; F2–F5 include standard beneficial-ownership disclaimers (trustee/member/spousal interests) for the reporting persons.
- Filing timeliness: Reported on 2026-02-06, the same date as the transactions (no late filing indicated).
Context
- This was not an open-market sale but a cash conversion under a merger—each outstanding common share was automatically converted into cash consideration.
- As a reported 10% owner, Crawford’s disposition reflects corporate-level treatment in the merger rather than an individual trading decision; footnotes clarify limited beneficial ownership disclosures.
- For retail investors: merger cash-outs return proceeds rather than signal active buying or selling in the public market; the filing documents the formal disposition and amount received.
Insider Transaction Report
Form 4
CRAWFORD UNITED CorpCRAWA
CRAWFORD EDWARD F
Director10% Owner
Transactions
- Disposition to Issuer
Class A Common Shares
[F1]2026-02-06−56,370→ 0 total - Disposition to Issuer
Class A Common Shares
[F1][F2]2026-02-06−8,058→ 0 total(indirect: By LLC) - Disposition to Issuer
Class A Common Shares
[F1]2026-02-06−38,462→ 0 total(indirect: By Trust) - Disposition to Issuer
Class A Common Shares
[F1][F3]2026-02-06−27,933→ 0 total(indirect: By LLC) - Disposition to Issuer
Class A Common Shares
[F1][F4]2026-02-06−282→ 0 total(indirect: By Spouse) - Disposition to Issuer
Class A Common Shares
[F1][F5]2026-02-06−911,250→ 0 total(indirect: By First Francis Company, Inc.) - Disposition to Issuer
Class B Common Shares
[F1][F5]2026-02-06−433,750→ 0 total(indirect: By First Francis Company, Inc.)
Footnotes (5)
- [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 the trustee of the controlling member of the limited liability company that owns the securities, and the reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- [F3]The reporting person is a member of the limited liability company that owns the reported securities, and the reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- [F4]The reporting person disclaims beneficial ownership of the shares owned by his spouse.
- [F5]The reporting person is a shareholder of the corporation that owns the reported securities, and the reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
Signature
/s/ Edward F. Crawford|2026-02-06