Form 4: Crexendo CEO Sells Shares Under 10b5-1 Plan

Crexendo, Inc. CEO Jeffrey G. Korn sold 3,200 shares of common stock for $6.509 per share under a pre-arranged 10b5-1 trading plan.

Summary

• Jeffrey G. Korn, Chief Executive Officer of Crexendo, Inc. (CXDO), reported a sale of company common stock.
• The transaction involved the disposition of 3,200 shares.
• The shares were sold at a price of $6.509 per share.
• Following this transaction, Mr. Korn directly beneficially owns 241,996 shares of Crexendo common stock.
• The sale was executed on August 7, 2025.
• This transaction was conducted pursuant to a Rule 10b5-1(c) trading plan, which was established on December 9, 2024.

Sentiment

Score: 5

Explanation: The sale of shares by the CEO is a neutral event as it was conducted under a pre-arranged 10b5-1 plan, indicating it was not based on new material nonpublic information. However, any insider sale can be perceived with slight caution by the market.

Negatives

• A sale of shares by a CEO, even under a pre-arranged plan, can sometimes be perceived negatively by the market as it reduces their direct stake in the company.

Risks

• Potential for negative market perception due to insider share sale, despite the pre-arranged nature of the transaction.

Future Outlook

NA

Management Comments

• This 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

NA

Stakeholder Impact

• Shareholders: May interpret the CEO's share sale as a lack of confidence, though the 10b5-1 plan mitigates this concern by indicating the sale was pre-scheduled and not based on new material nonpublic information.

Key Dates

Recommendation

The reported transaction is a routine insider sale conducted under a pre-arranged 10b5-1 trading plan, which indicates the sale was not based on new material nonpublic information. While an insider sale can sometimes be viewed negatively, the pre-scheduled nature of this transaction suggests it's likely for personal financial planning or diversification rather than a reflection of the company's immediate prospects. Therefore, this single filing does not provide sufficient new information to warrant a change in investment recommendation.

Keywords

Crexendo, CXDO, Jeffrey Korn, CEO, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, Beneficial Ownership