Braeside funds tied to Spok (SPOK) director add 35,211 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Spok Holdings director Todd J. Stein reported an open-market purchase linked to an affiliated investment fund. Braeside Capital, L.P., an entity associated with Stein through Braeside Investments, bought 35,211 shares of Spok Holdings common stock at an average price of $10.4145 per share. Following this transaction, Braeside Capital holds 532,771 shares, while another affiliated fund, Braeside Capital II, L.P., holds 566,912 shares and Stein directly holds 48,364 shares. The filing notes that Stein may be deemed to beneficially own the shares held by the funds but disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 35,211 shares ($366,705)
Net Buy
3 txns
Insider
Stein Todd J
Role
null
Bought
35,211 shs ($367K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 35,211 | $10.4145 | $367K |
| Purchase | Common Stock | 0 | $0.00 | -- |
| Purchase | Common Stock | 0 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 532,771 shares (Indirect, Braeside Capital, L.P.);
Common Stock — 48,364 shares (Direct, null)
Footnotes (1)
- Shares beneficially owned directly by Braeside Capital, L.P. ("Braeside Capital"). Braeside Investments, LLC ("Braeside Investments") serves as the investment manager of Braeside Capital. As a co-manager of Braeside Investments, Mr. Stein may be deemed to beneficially own the shares beneficially owned directly by Braeside Capital. Mr. Stein disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. Shares beneficially owned directly by Braeside Capital II, L.P. ("Braeside Capital II"). Braeside Investments serves as the investment manager of Braeside Capital II. As a co-manager of Braeside Investments, Mr. Stein may be deemed to beneficially own the shares beneficially owned directly by Braeside Capital II. Mr. Stein disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
Key Figures
Shares purchased: 35,211 shares
Purchase price: $10.4145 per share
Indirect holdings Braeside Capital, L.P.: 532,771 shares
+3 more
6 metrics
Shares purchased
35,211 shares
Open-market purchase by Braeside Capital, L.P. on 2026-06-16
Purchase price
$10.4145 per share
Average price for 35,211-share open-market buy
Indirect holdings Braeside Capital, L.P.
532,771 shares
Total Spok common stock after transaction
Indirect holdings Braeside Capital II, L.P.
566,912 shares
Spok common stock beneficially owned via affiliated fund
Direct holdings Stein
48,364 shares
Spok common stock held directly following reported transactions
Net insider share change
35,211 shares
Net buy across reported transactions
Key Terms
open-market purchase, beneficially own, pecuniary interest, indirect ownership
4 terms
open-market purchase financial
"transaction_action: open-market purchase"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
beneficially own financial
"Mr. Stein may be deemed to beneficially own the shares"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
pecuniary interest financial
"disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein"
indirect ownership financial
"Shares beneficially owned directly by Braeside Capital, L.P. ... may be deemed indirect holdings"
FAQ
What did Spok Holdings (SPOK) director Todd J. Stein report in this Form 4?
Todd J. Stein reported an open-market purchase of Spok Holdings stock by an affiliated fund. Braeside Capital, L.P. acquired 35,211 common shares at $10.4145 each, increasing its indirect holdings associated with Stein.
What are Todd J. Stein’s direct and indirect Spok Holdings (SPOK) holdings after the transaction?
After the reported trade, Stein directly holds 48,364 Spok Holdings shares. Indirectly, Braeside Capital, L.P. holds 532,771 shares and Braeside Capital II, L.P. holds 566,912 shares, which may be deemed beneficially owned through Stein’s co-manager role.
How is Todd J. Stein connected to Braeside Capital and Braeside Capital II in relation to SPOK shares?
Braeside Investments, LLC serves as investment manager for Braeside Capital and Braeside Capital II, and Stein is a co-manager. Because of this role, he may be deemed to beneficially own their Spok shares, subject to his pecuniary interest.