Form 4: Crexendo COO Douglas Walter Gaylor Sells 10,000 Shares

Crexendo's Chief Operating Officer, Douglas Walter Gaylor, sold 10,000 shares of common stock at a price of $6.27 per share on March 12, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• On March 12, 2025, Douglas Walter Gaylor, the Chief Operating Officer of Crexendo, Inc. (CXDO), sold 10,000 shares of the company's common stock.
• The sale was executed at a price of $6.27 per share.
• The transaction was conducted under a pre-arranged trading plan that complies with Rule 10b5-1(c).
• This plan was established on December 9, 2024, when Mr. Gaylor was not in possession of any material nonpublic information.
• Following the sale, Mr. Gaylor still directly owns 230,007 shares of Crexendo's common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports a routine stock sale under a pre-existing plan. There's no indication of positive or negative implications for the company's performance.

Future Outlook

There is no future outlook provided in this document.

Management Comments

• Mr. Gaylor was not aware of material nonpublic information when the 10b5-1 plan was established.

Industry Context

This is a routine disclosure of an insider stock sale. Insider sales can sometimes be interpreted negatively by the market, but the use of a pre-arranged 10b5-1 trading plan often mitigates this concern as it indicates the sale was planned in advance and not based on current inside information.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders, depending on how the market interprets the transaction.

Key Dates