Form 4: Crexendo CEO Jeffrey Korn Reports Stock Transactions
SEC Form 4 Filing
Crexendo's CEO, Jeffrey Korn, reports the vesting of restricted stock units and associated tax withholding.
Summary
- On April 25, 2025, Jeffrey Korn, CEO of Crexendo, Inc., reported transactions involving Crexendo's common stock and Restricted Stock Units (RSUs).
- 278 RSUs vested, converting into 278 shares of common stock.
- The company withheld 68 shares of common stock to cover payroll taxes at a price of $4.75 per share.
- Following these transactions, Korn directly owns 243,803 shares of common stock and 9,445 RSUs.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment. It's a factual report of insider activity.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key executives and their potential impact on the company's stock.
Stakeholder Impact
- Shareholders may be interested in the CEO's stock transactions as an indicator of management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 03/25/2025 | RSUs vest in equal monthly installments over 36 months starting on this date. |
| 04/25/2025 | Date of the reported transactions: vesting of RSUs and tax withholding. |
| 04/29/2025 | Date of signature on the Form 4 filing. |
Keywords
Crexendo, CXDO, Jeffrey Korn, Form 4, SEC Filing, Insider Trading, Restricted Stock Units, RSU, Stock Options, Beneficial Ownership
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