Form 4: Crexendo Director Goergen Acquires 15,000 Stock Options
SEC Form 4 Filing
Todd Andrew Goergen, a director of Crexendo, Inc., acquired 15,000 stock options on March 5, 2024, exercisable at $5.36, vesting monthly over two years.
Summary
- On March 5, 2024, Todd Andrew Goergen, a director of Crexendo, Inc., acquired 15,000 stock options.
- The exercise price of these options is $5.36.
- The options vest in 24 equal monthly installments starting on April 5, 2024.
- The options expire on March 5, 2034.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock option grants, and does not contain information that would significantly sway investor sentiment positively or negatively.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the holdings and transactions of company directors. It's common for directors to receive stock options as part of their compensation.
Stakeholder Impact
- The granting of stock options aligns the director's interests with those of the shareholders, potentially incentivizing actions that increase shareholder value.
Key Dates
| Date | Description |
|---|---|
| 03/05/2024 | Date of transaction: Director acquired 15,000 stock options at an exercise price of $5.36. |
| 04/05/2024 | Vesting start date: Options vest in 24 equal monthly installments beginning on this date. |
| 03/05/2034 | Expiration date: Options expire on this date. |
| 03/07/2024 | Date of signature on the Form 4 filing. |
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