Form 4: Crexendo CEO Jeffrey Korn Sells 10,000 Shares Under 10b5-1 Plan

Crexendo's CEO, Jeffrey Korn, executed a sale of 10,000 shares of common stock at $6 per share on March 10, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• On March 10, 2025, Jeffrey G. Korn, the CEO of Crexendo, Inc., sold 10,000 shares of the company's common stock.
• The transaction was executed at a price of $6 per share.
• This sale was conducted under a pre-existing Rule 10b5-1(c) trading plan established on December 9, 2024.
• Following the transaction, Mr. Korn directly owns 243,384 shares of Crexendo's common stock.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of a stock sale under a pre-arranged plan, so it's neutral in sentiment.

Management Comments

• The sale was made pursuant to a plan intended to comply with Rule 10b5-1(c), previously entered into on December 9, 2024, at which time Mr. Korn was not aware of material nonpublic information.

Industry Context

Sales by insiders are common and often pre-planned to avoid accusations of trading on inside information. The use of a 10b5-1 plan provides a legal framework for insiders to sell shares at predetermined times and prices.

Stakeholder Impact

• The sale of shares by the CEO could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates this concern.

Key Dates