Form 4: Crexendo Director Anil K. Puri Exercises Stock Options and Disposes of Shares for Tax Obligations
SEC Form 4 Filing
Director Anil K. Puri exercised stock options and disposed of shares to cover exercise price obligations on March 4, 2024.
Summary
- On March 4, 2024, Anil K. Puri, a director of Crexendo, Inc., exercised non-qualified stock options.
- This involved the exercise of options for 15,000 shares at a price of $1.73 per share.
- Puri then disposed of 4,745 shares to cover the exercise price, using a closing stock price of $5.47 on the same day.
- Following these transactions, Puri directly owns 43,911 shares of Crexendo common stock.
- He also continues to hold options for 10,000 shares.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock option exercises and share disposals. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine insider transaction.
Key Dates
| Date | Description |
|---|---|
| 12/28/2022 | Date Non-qualified Stock Options were granted |
| 03/04/2024 | Date of stock option exercise and share disposal |
| 03/05/2024 | Date of signature on the Form 4 |
| 12/28/2032 | Expiration date of Non-qualified Stock Options |
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