Form 4: Crexendo Inc. Executive Anand Buch Reports Stock Transactions
SEC Form 4 Filing
Anand Buch, Chief Strategy Officer of Crexendo, Inc., reports the exercise of stock options and subsequent sale of shares on August 19, 2024.
Summary
- On August 19, 2024, Anand Buch, the Chief Strategy Officer of Crexendo, Inc., exercised non-qualified stock options to acquire 1,000 shares of common stock at a price of $0.91 per share.
- Following the acquisition, Buch sold 1,000 shares of common stock at a price of $5.34 per share on the same day.
- After these transactions, Buch directly owns 548,139 shares of Crexendo common stock.
- Buch also directly owns 997,812 non-qualified stock options.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard disclosure of stock transactions by an executive. It doesn't inherently indicate positive or negative news about the company.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC when company insiders trade their company's stock. It provides transparency into the transactions of key personnel.
Key Dates
| Date | Description |
|---|---|
| 06/01/2021 | Date exercisable for Non-Qualified Stock Options |
| 03/11/2026 | Expiration date for Non-Qualified Stock Options |
| 08/19/2024 | Date of stock option exercise and stock sale |
| 08/21/2024 | Date of signature on the Form 4 |
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