Form 4: Crexendo CEO Exercises Options and Sells Shares
SEC Form 4
Crexendo's CEO, Jeffrey G. Korn, exercised stock options and sold a portion of his holdings on December 9, 2024.
Summary
- Crexendo's Chief Executive Officer, Jeffrey G. Korn, engaged in transactions involving the company's stock on December 9, 2024.
- Mr. Korn exercised 7,500 stock options at a price of $2.93 per share.
- Following the exercise of options, Mr. Korn sold 7,000 shares of common stock at a price of $5.25 per share.
- After these transactions, Mr. Korn directly owns 249,730 shares of Crexendo common stock.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions by an insider, with no inherent positive or negative sentiment.
Industry Context
This is a standard SEC Form 4 filing, which is common for company insiders when they trade company stock. It provides transparency into the transactions of key personnel.
Comparison to Industry Standards
- Form 4 filings are a standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
- The transactions are typical for executives who receive stock options as part of their compensation.
Stakeholder Impact
- The transactions may have a minor impact on the stock price, but are generally considered routine insider activity.
Key Dates
| Date | Description |
|---|---|
| 04/09/2018 | The stock options began vesting over 36 equal monthly installments. |
| 12/09/2024 | CEO exercised stock options and sold shares. |
| 03/09/2025 | Expiration date of the stock options. |
| 12/11/2024 | Date of the Form 4 filing. |
Keywords
Crexendo, CXDO, stock options, insider trading, share sale, CEO, Jeffrey G. Korn, Form 4
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