[Form 4] Spok Holdings, Inc Insider Trading Activity
Rhea-AI Filing Summary
Spok Holdings, Inc. insider Michael W. Wallace, the company's Chief Operating Officer, reported a sale of common stock on 08/25/2025. Wallace disposed of 10,806 shares at a price of $17.8714 per share, leaving him with 40,369 shares of Common Stock after the transaction. The filing also shows Wallace beneficially owns 110,383 Restricted Stock Units (each representing a contingent right to one share).
The Form 4 discloses only current ownership and the single open-market sale; it does not include reasons for the sale, any plan-based defenses, or forward-looking commentary. All figures are reported as of the transaction date and the filing was signed on 08/26/2025.
Positive
- None.
Negative
- Officer sale: Chief Operating Officer Michael W. Wallace sold 10,806 shares at $17.8714 on 08/25/2025
Insights
TL;DR: Officer sold a modest block of shares; ownership remains concentrated in both shares and RSUs.
The sale of 10,806 shares at $17.8714 reduced Mr. Wallace's direct common stock holdings to 40,369 shares while he retains 110,383 RSUs that convert to common shares upon vesting. This disclosure is routine for insiders and provides transparency into current holdings and recent liquidity by the officer. No additional financial context, trading plan reference, or intent is disclosed, so material impact on valuation is limited based solely on this Form 4.
TL;DR: A standard Section 16 disclosure showing an officer sale and remaining equity stake via RSUs.
The filing meets Section 16 reporting requirements by documenting an officer's open-market sale and remaining beneficial ownership, including RSUs described as one-for-one share rights. There is no indication of an affiliated trading plan or other governance issues in the form. For governance monitoring, the combination of direct shares and substantial RSUs indicates ongoing alignment with shareholder interests, absent further context.