4/A: Crexendo COO Sells Shares Under 10b5-1 Plan

Crexendo, Inc. Chief Operating Officer Douglas Walter Gaylor has amended a prior filing to correctly report the sale of 10,000 shares of common stock under a Rule 10b5-1 trading plan.

Summary

• Douglas Walter Gaylor, Chief Operating Officer of Crexendo, Inc. (CXDO), amended a previously filed Form 4.
• The amendment corrects the transaction code for a sale of 10,000 shares of common stock.
• The sale was executed on May 4, 2026, at a weighted average price of $8.1541.
• The shares were sold in multiple transactions at prices ranging from $8.1401 to $8.1601.
• This transaction was made pursuant to a Rule 10b5-1(c) trading plan established on December 11, 2024.
• Gaylor was not aware of material nonpublic information at the time the plan was entered into.
• Following the transaction, Gaylor beneficially owns 261,413 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. While it involves a sale by an executive, it is conducted under a compliant 10b5-1 plan, which is a standard practice.

Positives

• The sale was conducted under a pre-established Rule 10b5-1 trading plan, indicating adherence to compliance procedures.
• The plan was established when the reporting person was not aware of material nonpublic information.
• The reporting person retains a significant beneficial ownership of 261,413 shares.

Negatives

• A sale of company stock by a key executive, even under a plan, can sometimes be perceived negatively by the market.

Risks

• The filing does not explicitly mention any new risks. The primary risk is the potential market perception of insider selling, even if executed under a compliant plan.

Future Outlook

The filing does not contain forward-looking statements or guidance. It is a report of a past transaction.

Management Comments

• The sale was made pursuant to a plan intended to comply with Rule 10b5-1(c), previously entered into on December 11, 2024, at which time Mr. Gaylor was not aware of material nonpublic information.
• The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.1401 to $8.1601. Details can be provided upon request.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions. The use of a Rule 10b5-1 plan is a common and accepted method for executives to diversify their holdings or manage personal finances while mitigating concerns about trading on material nonpublic information.

Stakeholder Impact

• Shareholders: The sale, though compliant, may lead to minor short-term market scrutiny. However, the retention of significant ownership and the use of a 10b5-1 plan mitigate major concerns.

Next Steps

• No specific next steps are mentioned in the filing beyond the correction of the previous report.

Key Dates

Keywords

Form 4, SEC Filing, Insider Trading, Rule 10b5-1, Crexendo, CXDO, Stock Sale, Beneficial Ownership, Chief Operating Officer, Douglas Walter Gaylor