Form 4: Crexendo Director Kevin Jackson Acquires 10,000 Stock Options
SEC Form 4 Filing
Director Kevin Jackson reports acquisition of 10,000 stock options in Crexendo, Inc.
Summary
- Kevin Jackson, a director of Crexendo, Inc. (CXDO), reported the acquisition of 10,000 stock options on March 4, 2025.
- The options have an exercise price of $5.77.
- The options vest in 24 equal monthly installments starting on April 4, 2025, and expire on March 4, 2035.
- Following the transaction, Jackson beneficially owns 10,000 derivative securities.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of stock option acquisition.
Positives
- The acquisition of stock options by a director can be seen as a positive sign, indicating confidence in the company's future performance.
Industry Context
This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 03/04/2025 | Date of transaction: acquisition of stock options |
| 04/04/2025 | Vesting start date for the stock options |
| 03/07/2025 | Date of Form 4 filing |
| 03/04/2035 | Expiration date for the stock options |
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