Form 4: Spok Holdings Director Todd Stein Buys 1,449 Shares

Spok Holdings Director Todd J. Stein acquired 1,449 shares of common stock at $17.25 per share, increasing his direct beneficial ownership.

Summary

• Todd J. Stein, a Director of Spok Holdings, Inc. (SPOK), acquired 1,449 shares of common stock.
• The transaction occurred on October 1, 2025, with shares purchased at a price of $17.25 each.
• Following this acquisition, Mr. Stein directly beneficially owns 44,175 shares of Spok Holdings common stock.
• Mr. Stein also indirectly beneficially owns 497,560 shares through Braeside Capital, L.P. and 566,912 shares through Braeside Capital II, L.P.
• Mr. Stein is a co-manager of Braeside Investments, LLC, which serves as the investment manager for both Braeside Capital entities, and disclaims beneficial ownership of these indirect shares except to the extent of his pecuniary interest.

Sentiment

Score: 8

Explanation: The acquisition of shares by a company director is generally a strong positive signal, indicating confidence in the company's future performance and valuation.

Positives

• A Director's acquisition of company shares signals confidence in the company's future prospects and valuation.
• The purchase at $17.25 per share indicates management's belief that the stock is a worthwhile investment at this price point.

Future Outlook

NA

Industry Context

Insider buying, particularly by a director, is often viewed by the market as a positive signal, suggesting that those closest to the company believe its shares are undervalued or expect positive developments.

Stakeholder Impact

• Shareholders may interpret the director's share purchase as a positive indicator of future stock performance and management confidence, potentially boosting investor sentiment.

Key Dates

Recommendation

The acquisition of shares by a company director, Todd J. Stein, at a price of $17.25 per share, is a strong signal of insider confidence. This action suggests that management believes the company's stock is currently undervalued or anticipates positive future developments. Such insider buying often precedes periods of positive stock performance, making it a favorable indicator for potential investors.

Keywords

Spok Holdings, SPOK, Todd Stein, Insider Trading, Director Stock Purchase, Beneficial Ownership, Common Stock, SEC Form 4