Crawford United (CRAWA) director cashed out 13,650 shares in merger

Rhea-AI Filing Summary

Crawford United Corporation director Luis E. Jimenez reported the disposition of 13,650 Class A common shares on February 6, 2026. The transaction reflects completion of a merger in which each outstanding common share was automatically converted into the right to receive $83.8636 in cash per share, without interest and net of applicable withholding taxes. Following the cash-out merger, Jimenez reported owning zero Crawford United common shares.

Insights

Equity analyst

Director’s 13,650-share exit reflects cash-out merger completion.

Director Luis E. Jimenez disposed of 13,650 Class A common shares of Crawford United Corporation, leaving him with zero shares. The disposition stems from a merger in which all outstanding common shares were converted to cash rather than an elective sale.

The merger, governed by an agreement dated December 5, 2025, converted each issued and outstanding common share into the right to receive $83.8636 per share in cash, without interest and net of applicable withholding taxes. This indicates a full cash consideration structure for equity holders.

For investors reviewing ownership dynamics, this transaction shows that Jimenez no longer holds Crawford United common shares after the merger closed on February 6, 2026. Future company updates would come through the new parent entity, SPX Enterprises, LLC, which now owns the surviving corporation.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Jimenez Luis Enrique

(Last) (First) (Middle)

C/O CRAWFORD UNITED CORPORATION

10514 DUPONT AVENUE

(Street)

CLEVELAND OH 44108

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CRAWFORD UNITED Corp [ CRAWA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/06/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Shares	02/06/2026		D		13,650	D	(1)	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

	/s/ Luis E. Jimenez	02/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What insider transaction did Luis E. Jimenez report at Crawford United (CRAWA)?

Luis E. Jimenez reported disposing of 13,650 Class A common shares of Crawford United Corporation on February 6, 2026. After this cash-out transaction under the merger, he reported owning zero Crawford United common shares.

Why did Luis E. Jimenez’s Crawford United (CRAWA) shares go to zero?

Jimenez’s holdings fell to zero shares because a merger converted each issued and outstanding Crawford United common share into the right to receive $83.8636 in cash per share, eliminating his equity position through a mandatory cash-out.

What was the cash value per Crawford United (CRAWA) share in the SPX Enterprises merger?

Each issued and outstanding Crawford United common share was automatically converted into the right to receive $83.8636 in cash per share, without interest and net of applicable withholding taxes, under the merger agreement with SPX Enterprises, LLC.

What role did Luis E. Jimenez hold at Crawford United (CRAWA) during this transaction?

Luis E. Jimenez was a director of Crawford United Corporation at the time of the transaction. His reported disposition of 13,650 Class A common shares reflects the closing of the all-cash merger, not an open-market sale.

Which companies were involved in the Crawford United (CRAWA) merger affecting insider holdings?

The merger involved SPX Enterprises, LLC as Parent, Project King Acquisition, Inc. as Merger Sub, and Crawford United Corporation as the surviving company, which became a wholly owned subsidiary of SPX Enterprises, LLC.

When was the Crawford United (CRAWA) merger agreement signed?

The agreement and plan of merger for Crawford United Corporation was dated December 5, 2025. It set the terms under which each outstanding common share was converted into a fixed $83.8636 cash payment per share at the effective time.