Form 4: Spok Holdings Director Todd J. Stein Reports Share Disposals

Director Todd J. Stein reports disposals of Spok Holdings shares held indirectly through Braeside Capital entities.

Summary

• Todd J. Stein, a director of Spok Holdings, Inc., reported the disposal of common stock on March 10 and 11, 2025.
• The transactions involved the sale of shares held indirectly through Braeside Capital, L.P., Braeside Capital II, L.P., and Braeside Investments, LLC.
• On March 10, 2025, 33,879 shares were sold at a price of $16.5755, and on March 11, 2025, 1,825 shares were sold at $16.364 through Braeside Capital, L.P.
• Additionally, on March 10, 2025, 39,773 shares were sold at $16.5755, and on March 11, 2025, 2,144 shares were sold at $16.364 through Braeside Capital II, L.P.
• Further sales on March 11, 2025, involved shares held by Braeside Investments, LLC, with 0 shares sold at $16.364.
• Following these transactions, the number of shares beneficially owned indirectly by Mr. Stein through these entities has changed.
• Mr. Stein disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: Neutral sentiment as it is a standard disclosure of share disposals by a director. The disposals themselves could be interpreted in various ways, but the filing itself is simply a procedural requirement.

Management Comments

• Mr. Stein disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• Shareholders may react to the news of insider selling, although the impact may be limited due to the indirect nature of the holdings and the disclaimer of beneficial ownership.

Key Dates