Form 4: Crexendo Director Steven Mihaylo Acquires 15,000 Stock Options
SEC Form 4
Steven G Mihaylo, a director and 10% owner of Crexendo, Inc., acquired 15,000 stock options on March 5, 2024.
Summary
- On March 5, 2024, Steven G Mihaylo, a director and 10% owner of Crexendo, Inc. (CXDO), acquired 15,000 stock options.
- The options have an exercise price of $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: This is a neutral event. It's a routine disclosure of stock option grants to a company director.
Industry Context
This is a standard Form 4 filing, indicating a change in beneficial ownership by a company insider. Such filings are common and provide transparency into insider transactions.
Stakeholder Impact
- The acquisition of stock options by a director could be viewed positively by shareholders as it aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/05/2024 | Date of transaction: Steven G Mihaylo acquired 15,000 stock options. |
| 04/05/2024 | First vesting date: Options vest in 24 equal monthly installments beginning on this date. |
| 03/07/2024 | Date of signature. |
| 03/05/2034 | Expiration date of the stock options. |
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