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

Crexendo CEO Jeffrey G. Korn sold 10,000 shares of common stock for $7.2501 per share, reducing his direct beneficial ownership to 230,398 shares, pursuant to a pre-arranged 10b5-1 plan.

Summary

• Jeffrey G. Korn, Chief Executive Officer of Crexendo, Inc. (CXDO), reported a sale of common stock.
• The transaction involved the disposition of 10,000 shares of Crexendo common stock.
• The shares were sold at a price of $7.2501 per share.
• Following this transaction, Mr. Korn directly beneficially owns 230,398 shares of common stock.
• The sale was executed on November 11, 2025.
• This sale was made pursuant to a Rule 10b5-1(c) plan, which was previously established on December 9, 2024, when Mr. Korn was not in possession of material nonpublic information.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine, pre-planned insider sale under a 10b5-1 plan, which typically does not indicate new material information or a change in management's outlook on the company's prospects.

Stakeholder Impact

• Shareholders: The sale represents a minor reduction in the CEO's direct ownership, but as it's a pre-planned transaction, it is unlikely to signal a change in company fundamentals or management confidence. The impact on share price is expected to be minimal.
• Employees, Customers, Suppliers, Creditors: No direct impact is anticipated from this routine insider transaction.

Key Dates

Recommendation

The reported transaction is a routine insider sale executed under a pre-arranged 10b5-1 plan. Such sales are typically for personal financial planning and do not reflect a change in the company's fundamental outlook or the insider's confidence in the long-term prospects. Therefore, this filing alone does not provide a basis for altering an existing investment thesis, warranting a 'hold' recommendation.

Keywords

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