Form 4: Crawford United Director Sells All Shares Post-Merger

Matthew V. Crawford, a Director and 10% owner of Crawford United Corp, disposed of all his Class A and Class B common shares following the company's merger with SPX Enterprises, LLC, receiving $83.8636 per share.

Summary

• Matthew V. Crawford, a Director and 10% owner of Crawford United Corp, reported the disposition of all his beneficial ownership in the company's Class A and Class B common shares.
• This disposition occurred on February 6, 2026, as a result of the merger of Crawford United Corporation with Project King Acquisition, Inc., a wholly owned subsidiary of SPX Enterprises, LLC.
• Each common share of Crawford United Corporation was converted into the right to receive $83.8636 in cash.
• Crawford directly disposed of 39,250 Class A Common Shares.
• He also indirectly disposed of 911,250 Class A Common Shares and 433,750 Class B Common Shares through First Francis Company, Inc.
• Additionally, he indirectly disposed of 336,204 Class A Common Shares and 85,000 Class B Common Shares through Three Bears Trust.
• Following these transactions, Matthew V. Crawford beneficially owns 0 shares of Crawford United Corp.

Sentiment

Score: 8

Explanation: StockSavvy.ai views this as a positive definitive event for shareholders, as the merger has successfully closed, providing a clear cash exit at a specified price per share.

Positives

• The merger of Crawford United Corporation with SPX Enterprises, LLC has been successfully completed.
• Shareholders, including the reporting person, received a cash payment of $83.8636 per share for their common shares.

Negatives

• Crawford United Corporation is now a wholly owned subsidiary of SPX Enterprises, LLC, meaning its shares are no longer publicly traded.

Future Outlook

Crawford United Corporation is now a wholly owned subsidiary of SPX Enterprises, LLC, indicating its future operations will be managed within the private structure of the acquiring entity.

Industry Context

StockSavvy.ai notes that this transaction reflects ongoing consolidation trends within various industries, where larger entities acquire specialized companies to expand market share or integrate complementary capabilities. The cash-out merger provides a clear exit for public shareholders.

Related Party Transactions

• Matthew V. Crawford indirectly held shares through First Francis Company, Inc. and Three Bears Trust, which were also disposed of as part of the merger.

Stakeholder Impact

• Shareholders received a cash payment of $83.8636 per share, providing a definitive return on investment.
• Employees of Crawford United Corporation are now part of SPX Enterprises, LLC, with potential implications for their roles and benefits under the new ownership.

Key Dates

Keywords

Merger, Insider Transaction, Beneficial Ownership, Form 4, Crawford United, CRAWA, SPX Enterprises, Cash Out