Form 4: Crexendo COO Douglas Walter Gaylor Exercises Stock Options
SEC Form 4 Filing
Crexendo's Chief Operating Officer, Douglas Walter Gaylor, exercised stock options for 5,000 shares of common stock at a price of $2.93 on February 17, 2025.
Summary
- On February 17, 2025, Douglas Walter Gaylor, the Chief Operating Officer of Crexendo, Inc. (CXDO), exercised stock options to acquire 5,000 shares of common stock at a price of $2.93 per share.
- Following this transaction, Gaylor directly owns 232,110 shares of Crexendo common stock.
- He also directly owns 5,000 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding an insider transaction, and does not inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It's common for executives to exercise stock options as part of their compensation packages.
Stakeholder Impact
- The transaction has a minor dilutive effect on existing shareholders due to the issuance of new shares.
Key Dates
| Date | Description |
|---|---|
| 04/09/2018 | Start date of the 36-month vesting period for the stock options. |
| 02/17/2025 | Date of the stock option exercise. |
| 02/18/2025 | Date of signature on the Form 4 filing. |
| 03/09/2025 | Expiration date of the stock options. |
Keywords
Crexendo, CXDO, stock options, insider trading, Form 4, Douglas Walter Gaylor, COO, executive compensation, beneficial ownership
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