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

Crexendo, Inc. CEO Jeffrey G. Korn sold 10,000 shares of common stock for $7.1401 per share as part of 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 10,000 shares of Common Stock.
• The shares were sold at a price of $7.1401 per share.
• Following this transaction, Mr. Korn beneficially owns 240,398 shares of Crexendo, Inc. Common Stock.
• The sale was executed on November 5, 2025, and was made pursuant to a Rule 10b5-1(c) plan.
• The 10b5-1 plan was previously entered into on December 9, 2024, at which time Mr. Korn was not aware of material nonpublic information.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While an insider sale can sometimes be viewed negatively, the fact that it was conducted under a pre-arranged 10b5-1 plan mitigates concerns about its implications for the company's immediate prospects. It's a routine compliance filing.

Positives

• The sale was conducted under a Rule 10b5-1 plan, indicating a pre-scheduled transaction rather than a reaction to recent events, which can reduce concerns about insider trading.

Negatives

• An insider sale, even under a 10b5-1 plan, represents a reduction in direct ownership by a key executive, which some investors might interpret as a lack of confidence, though this is mitigated by the pre-planned nature.

Future Outlook

The transaction is part of a pre-arranged Rule 10b5-1 plan, indicating a scheduled disposition of shares over time, rather than a discretionary sale based on immediate market conditions or future expectations.

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

This Form 4 filing reports a routine insider transaction under a pre-arranged trading plan, which is a common practice among executives in publicly traded companies across various industries to manage personal liquidity and diversification while adhering to insider trading regulations.

Stakeholder Impact

• Shareholders: The sale represents a minor reduction in the CEO's direct ownership, which is generally not a significant event given the pre-planned nature and the remaining substantial holding. It does not indicate a change in company strategy or performance.

Key Dates

Keywords

Crexendo, CXDO, Jeffrey G. Korn, Insider Sale, Form 4, 10b5-1 Plan, Common Stock, CEO