Form 4: Crexendo Inc. Executive Anand Buch Executes Stock Option and Sells Shares
SEC Form 4
Crexendo's Chief Strategy Officer, Anand Buch, exercised stock options and sold shares on March 8, 2024.
Summary
- On March 8, 2024, Anand Buch, Chief Strategy Officer of Crexendo, Inc., exercised non-qualified stock options to acquire 32,400 shares of common stock at a price of $0.91 per share.
- Simultaneously, Buch sold 32,400 shares of common stock at a price of $5.91 per share.
- Following these transactions, Buch directly owns 545,402 shares of Crexendo common stock.
- Buch also directly owns 1,067,964 non-qualified stock options.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of insider trading activity.
Industry Context
This is a routine disclosure of insider trading activity, which is common for publicly traded companies. It provides transparency into the actions of company executives.
Key Dates
| Date | Description |
|---|---|
| 06/01/2021 | Date Non-Qualified Stock Options were exercisable |
| 03/08/2024 | Date of stock option exercise and stock sale. |
| 03/11/2026 | Expiration date of Non-Qualified Stock Options |
| 03/12/2024 | Date of Form 4 signature. |
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