MICHAEL WALLACE - 07 Mar 2025 Form 4 Insider Report for Spok Holdings, Inc (SPOK)

Role
Chief Operating Officer
Signature
/Michael Wallace/
Issuer symbol
SPOK
Transactions as of
07 Mar 2025
Transactions value $
$417,071
Form type
4
Filing time
07 Mar 2025, 16:30:07 UTC
Previous filing
05 Mar 2025
Next filing
08 May 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPOK Common Stock Options Exercise $584K +34.7K +81.75% $16.85 77.1K 07 Mar 2025 Direct F1
transaction SPOK Common Stock Award $175K +10.4K +13.49% $16.85 87.5K 07 Mar 2025 Direct F2
transaction SPOK Common Stock Tax liability -$343K -20.3K -23.24% $16.85 67.2K 07 Mar 2025 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SPOK Restricted Stock Unit Options Exercise $0 -34.7K -23.91% $0.00 110K 07 Mar 2025 Common Stock 34.7K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 22, 2022, Mr. Wallace was granted an award of Restricted Stock Units ("RSUs"), which vest in the form of Common Stock if specified performance objectives of the Company set forth in the 2022 Long Term Incentive Plan ("LTIP") are achieved for the year ending December 31, 2024. On March 7, 2025, shares were issued upon vesting of the RSUs.
F2 On March 7, 2025, the Compensation Committee of the Company's Board of Directors determined that the performance objective targets under the RSU award had been exceeded, resulting in the award and vesting of additional shares of Common Stock reported herein.
F3 Each Restricted Stock Units ("RSUs") represents a contingent right to receive one share of the issuer's Common Stock.