Form 4: Crexendo CFO Ron Vincent Reports Stock Transactions
SEC Form 4 Filing
Crexendo's CFO, Ron Vincent, reports the acquisition and disposal of company stock and restricted stock units (RSUs) related to vesting and tax obligations.
Summary
- On March 5, 2025, Ron Vincent, CFO of Crexendo, Inc. [CXDO], reported transactions involving Crexendo's common stock and Restricted Stock Units (RSUs).
- Vincent acquired 4,166 shares of common stock upon the vesting of RSUs at a price of $0.
- He also disposed of 1,281 shares to cover payroll taxes at a price of $7.16 per share.
- Following these transactions, Vincent directly owns 195,083 shares of Crexendo common stock.
- He also holds 60,000 RSUs that vest quarterly starting June 4, 2025, and 33,334 RSUs that vest quarterly starting June 5, 2024, both subject to continued employment.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 03/04/2025 | Date of earliest transaction reported |
| 03/05/2025 | Date of common stock transaction and RSU vesting |
| 03/06/2025 | Date of signature for the report |
| 06/04/2025 | Start date for quarterly vesting of 60,000 RSUs |
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