Form 4: Crexendo Inc. Executive Anand Buch Reports Stock Transactions
SEC Form 4 Filing
Anand Buch, Chief Strategy Officer of Crexendo, Inc., reports exercising stock options and selling shares on August 27, 2024.
Summary
- On August 27, 2024, Anand Buch, the Chief Strategy Officer of Crexendo, Inc. (CXDO), exercised non-qualified stock options to acquire 20,501 shares of common stock at a price of $0.91 per share.
- Simultaneously, Buch sold 20,501 shares of common stock at a price of $5.01 per share.
- Following these transactions, Buch directly owns 548,139 shares of Crexendo common stock.
- Buch also directly owns 948,311 derivative securities (Non-Qualified Stock Options).
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting insider transactions, which is neutral in sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC when company insiders, like Anand Buch, trade their company's stock; it provides transparency to the market.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 06/01/2021 | Date exercisable for Non-Qualified Stock Options |
| 03/11/2026 | Expiration date for Non-Qualified Stock Options |
| 08/27/2024 | Date of stock option exercise and stock sale |
| 08/29/2024 | Date of signature for the Form 4 filing |
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