Form 4: Crexendo CEO Jeffrey Korn Reports Stock Transactions
SEC Form 4 Filing
Crexendo's CEO, Jeffrey Korn, reports the acquisition and disposal of common stock and Restricted Stock Units (RSUs).
Summary
- On March 5, 2025, Jeffrey Korn, CEO of Crexendo, Inc., reported transactions involving the company's stock.
- Korn acquired 5,000 shares of common stock upon vesting of Restricted Stock Units (RSUs) at a price of $0.
- Simultaneously, 1,346 shares were withheld by the company for payment of payroll taxes at a price of $7.16 per share.
- Korn also acquired 60,000 Restricted Stock Units (RSUs) on March 4, 2025.
- Following these transactions, Korn directly owns 253,384 shares of Crexendo common stock and 40,000 RSUs.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, and the transactions themselves don't necessarily indicate positive or negative sentiment. It's a neutral event.
Positives
- The vesting of RSUs indicates a performance-based incentive for the CEO.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, allowing investors to gauge management's sentiment and confidence in the company's prospects.
Stakeholder Impact
- Shareholders are informed about the CEO's stock transactions, providing transparency.
Key Dates
| Date | Description |
|---|---|
| 03/04/2025 | Grant date of 60,000 Restricted Stock Units (RSUs). |
| 03/05/2025 | Vesting of 5,000 shares of common stock from RSUs and withholding of 1,346 shares for payroll taxes. |
| 03/06/2025 | Date of signature on the Form 4 filing. |
| 06/04/2025 | Start date for quarterly vesting of 60,000 RSUs. |
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